Browsing Tag
Mining
25 posts
Alliance Mining samples up to 44 g/t gold at Red Rice Lake, Manitoba
Alliance Mining Corp. [ALM-TSXV] reported results from the fall 2021 prospecting and sampling program on its 100%-owned Red Rice Lake gold property in the Bissett-Rice Lake belt of southeastern Manitoba. “We are very pleased with these initial results from the expanded Red Rice claim group,” stated Alliance President Chris Anderson, “and we will have further…
Viscount Mining samples 76.9 g/t gold and 2,580 g/t silver at Cherry Creek, Nevada
Viscount Mining Corp. [VML-TSXV; VLMGF-OTCQX] reported first results on the New Century-Rattlesnake Target from the 2021 work program on the 100%-controlled Cherry Creek Project in eastern White Pine County, Nevada. Partner Centerra Gold Inc. [CG-TSX; CGAU-NYSE] conducted geological mapping and geochemical sampling on the propert. There were 11 target areas, including the recent news released…
At Scott’s Mining Conference, We Felt The Energy Of Bitcoin Mining
On February 7 and 8, Round Rock, Texas experienced an event that could prove to be a pivotal moment for the whole of the Bitcoin space. What was happening in this suburb of Austin was not motivated by “nUmBeR gO uP,” or “wen lambo.” The only conversations that could be heard were exchanges of real…
Trevali Mining produces 322 million lb zinc in 2021
Trevali Mining Corp. [TV-TSX, Lima; TREVF-OTCQX; 4T1-FSE] reported preliminary fourth quarter (Q4) and full-year production results for 2021 and provides 2022 operating, capital and exploration expenditure guidance. All financial figures are in U.S. dollars and are unaudited. Ricus Grimbeek, President and CEO stated, “The company ended 2021 with much to be excited about for 2022…
At least 17 killed and 59 hurt in mining truck crash explosion which leaves huge crater
At least 17 people have been killed and 59 injured in a huge blast in Ghana after a truck carrying explosives to a gold mine collided with a motorcycle, authorities say.Footage from the scene showed a massive crater at the epicentre of the explosion, which reduced hundreds of buildings to piles of wood, rubble and…
Watch Mining Hearing: Bitcoin Is More Energy-Efficient than Banks, Bitfury CEO Tells US Lawmakers
Bitcoin mining rigs. Source: Adobe/amixstudioTraditional banking requires 2.5 times the amount of power as Bitcoin (BTC) to produce the same amount of value, and only proof-of-work (PoW) provides “a truly trustless system,” according to Brian Brooks, CEO of major blockchain technology firm Bitfury and a former Comptroller of the Currency in the US.“Put differently, the…
Source: AdobeStock / uflyproGRIID, an American infrastructure company that owns and operates a number of Bitcoin (BTC) mining facilities, has inked a partnership with major multinational corporation and technology company Intel to become the first recipient of its upcoming "Bonanza Mine" chips.FOX Business reported this news citing the company’s S-4 filing. The publication detailed that…
Bitcoin Mining Energy Use ‘Inconsequential,’ ‘Rapidly Becoming More Efficient’
MicroStrategy’s CEO Michael Saylor. Source: a screenshot, Youtube/Swan Signal - A Bitcoin ChannelThe total use of energy for Bitcoin (BTC) mining is “inconsequential,” and it is “rapidly becoming more efficient,” MicroStrategy CEO Michael Saylor said, as the mining industry is preparing for a hearing in the US House of Representatives this week.Saylor was speaking during…
How Unsustainable Sand Mining Affects the Environment
Although you may not realize it, sand is one of the most essential commodities in our modern world. According to the United Nations Environment Programme, sand and gravel are the second most used natural resources after water. As a key component of cement, asphalt and glass, sand plays a major role in every aspect of…
Saudi mining licenses in 1 year equal to all licenses issued since launch of mining activities: Minister
Bandar Alkhorayef, Minister of Industry and Mineral Resources Saudi Arabia’s mining sector received strong turnout from investors since the issuance of the new mining investment law, Bandar Alkhorayef, Minister of Industry and Mineral Resources, said, noting that the licenses issued in a single year was equal to those issued since the launch of mining activity…