Mining

Awarded Three Additional Underground Coal Gasification Licences Cluff Natural Resources plc, the AIM quoted natural resources investing company, has said that The Coal Authority, sponsored by the UK Department of Energy & Climate Change, has awarded the Company a further three Conditional Underground Coal Gasification Licences, Options for Leases and non-exclusive Exploration Licences for...

Regency Mines stock (LSE:RGM) has nosedived again while the major bias remains bearish. This means that the market has a high probability of going further south as the chart shows. Because of this, sane buyers offload their positions in a hurry. 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The […]

Mariana Outlines Drill Targets at Los Cisnes Gold-Silver Project Following Positive Trenching Results, Southern Argentina Mariana Resources Ltd, the AIM quoted exploration and development company focused in Peru and southern Argentina, has announced that it has outlined a number of drill targets prospective for bulk tonnage gold and high-grade gold-silver on the back of previous […]

GOLD (XAUUSD) Dominant Bias: Bearish The recent bias on Gold is bearish, but the bulls have been making serious effort to push the price higher. It is possible that the price could go downwards, but this should be short-lived, for the price would meet some obstruction at the support levels of 1287.00 and 1297.00. In […]

Update on Mexico Energy Reform: Senate Approves Key Bills Astar Minerals, further to the Company’s announcement on 16 July 2014, has said that the Mexican Senate has now approved the key bills with regards to the legislation required to reopen Mexico’s vast energy industry to the private sector. The bills have now been passed to […]

Significant Channel Sampling Results at New Departure Silver Mine Black Mountain Resources Limited (LSE:BMZ), the silver focused development company with interests in the US, has announced that high grade silver results have been returned from channel sampling at its New Departure Silver Mine in Montana. Highlights: * Extremely high grade sampling results surpass expectations with […]

Petropavlovsk shares (LSE:POG) are a very weak market and it is expected to continue crashing to the floor. The next targets for the bears are located at the support levels of 32.00, 31.00 and 30.00. In the chart, the price is trying to effect a weak rally, which is a normal thing in a strongly […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold experienced a massive sell-off last week, which rendered the recent bullish bias completely invalid in the market. The market has been very volatile since then, with short-lived victories that are alternated between the bull and the bear. In this kind of market, a wide stop is recommended; plus the […]

And UK placing update Further to the announcements of July 15 and July 16, 2014, Horizonte Minerals Plc (TSX:HZM) (AIM:HZM) has provided an update on the “best efforts” Canadian public offering (the “Offering”) of ordinary shares of the Corporation and concurrent private placement offering in the United Kingdom of ordinary shares (the “Private Placement...

At the Massakama Target,Kossanto Gold Project, Mali Alecto Minerals plc (LSE:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, is pleased to announce positive assay results from its recently completed Rotary Air Blast drill programme on the Toukwatou prospect within the Massakama target, at the Company’s flagship Kossanto Gold Project in […]