African Eagle Resources: Dutwa project puzzle coming together

U.S. gross domestic product grew at a 2.8% annual rate in the fourth quarter of 2011 - below expectations. Reuters analysts expected the US economy to grow at a 3% rate.

Consegna has received major support in the company's operations from sophisticated investors, with the completion of a A$1.5m private placement. Consegna will now seek international licensing deals for its BreatheAssist technology during 2012.

Continental Coal has laid the foundations to double thermal coal export growth in 2012 by bringing a third mine into production, which is currently in development. The strategy is in place to again double export sales and group earnings in 2013 from a fourth mine.

Universal Coal has responded to media speculation surrounding its coking coal assets and advises that it is reviewing the appointment of advisors to assist the company with any formal approach it may receive on these assets.

Precious metals have found some major buying support in the past two days, with spot gold overnight hitting US$1732 an ounce, with silver sitting above US$33 an ounce.

U.S. equity markets closed higher overnight as investors cheered the Federal Reserve's decision to keep rates on hold until late 2014.

From London: Proactive Investors was focused on the oil and gas sector with two of the main stories dedicated to small caps Nighthawk Energy (LON: HAWK) and New World Oil and Gas (LON: NEW).

Rox Resources is well on its way to expanding the potential size of the phosphate prospective area at its Marqua project in the Northern Territory. Recent drilling intersected high grades above 30% at the Coquina Creek prospect and mineralisation at Marqua is shown to extend over a 30km strike length.

Silver Lake Resources managing director Les Davis told Proactive Investors today the acquisition of the 1Moz Great Southern Gold Project delivers further growth to the company beyond the ramp-up of Mount Monger and the development of the Murchison. Importantly, it will provide Silver Lake with a third potential production centre.

Unusual for an explorer, MDI has a very strong institutional investor presence with Newmont (10%) and institutions holding 18%.  In search of a minimum 1.1m gold resource in 2012, the management team has the chops to deliver based on portents.

Neil Marston, managing director, told Proactive Investors today that Horseshoe will now investigate with diamond holes the high grade copper zones as a priority. "We are observing zones of higher grade copper mineralisation at depth below shallow shafts."

Historical exploration since 1974 in the Gifford Creek Project area has documented rare earths and niobium mineralisation, with preferential enrichment in heavy rare earths - delivering Strategic Elements a highly prospective project to add to its portfolio.

IMX has made another regional magnetite discovery, this time at Tomahawk, reinforcing the strategy of exploring for deposits in proximity to utilise infrastructure at the Cairn Hill magnetite copper mine in South Australia.

There are no strong leads for the ASX to follow once the market opens in a couple of hours, with the Dow Jones easing, and the NASDAQ flat by the close. Commodities are little changed, with spot gold holding at US$1665 an ounce.

US equity markets were lower Friday afternoon as investors digested a weaker-than-expected economic growth report with the eurozone debt crisis still very much in the background.

Toronto's main market was barely above flat Friday afternoon after US GDP data disappointed investors.

Though expanding at the fastest pace in one and a half years, US gross domestic product grew at a 2.8 percent annual rate in the fourth quarter of 2011 - below expectations, leading US equities lower Friday.

Dewdney Trail currently contains newly identified large tonnage gold prospects that are 8 kilometers upstream from Wildhorse Creek, and include five primary mineralized zones that the company has identified at Spirit, Tac, Lewis, Jack Leg and Dew Drop.

Ford Motor Co. (NYSE:F) posted its eleventh consecutive quarterly profit, helped by a one-time tax gain.

Starbucks (NASDAQ:SBUX), the world’s largest coffee-shop chain, said late Thursday that first-quarter earnings rose 10 percent as consumers bought more specialty beverages during the holiday season.

US equity markets looked set to open higher Friday as investors continue to monitor Europe's debt crisis and await the latest US economic growth data.

US equity markets were lower Thursday afternoon as home sales unexpectedly declined, marking the slowest year for builders since the government began tracking the data.

EurOmax Resources (CVE:EOX) was added to Euro Pacific Canada's "watch list" Thursday, after the junior mineral explorer announced Wednesday that it has gained 100 percent control of its Ilovitza copper-gold porphyry project in Macedonia.

Initial investor enthusiasm over yesterday's move by the US Federal Reserve to keep interest rates at ultra low levels until late 2014 faded Thursday.

Ocean Equities said Thursday that a recent drilling update from Sunridge Gold (CVE:SGC)(OTCQX:SGCNF) supports the view that resources could grow at the company's Asmara project in Eritrea.

Rare-earth explorer Medallion Resources (CVE:MDL)(OTCQX:MLLOF) said Thursday that it received a positive report for a proposed large-scale monazite rare-earth extraction facility.

Heavy machinery maker Caterpillar (NYSE:CAT) posted record earnings in its fourth quarter Thursday on strong demand, well beating Street estimates and sending its share price up before the opening bell.

Potash Corp. of Saskatchewan's (PotashCorp)(NYSE:POT)(TSE:POT) fourth-quarter earnings and sales came in below analyst expectations, as global economic concerns contributed to a drop in demand for fertilizer.

SENES Consultants hat eine Studie vorgelegt, die zu dem Schluss gekommen ist, dass die geplante Grossanlage zur Verarbeitung von Monazit-Vorkommen sicher und wirtschaftlich betrieben werden kann.

Independence Group kann einen 70% Anteil an den Nickelrechten für das Duketon Projekt in Australien übernehmen im Gegenzug für die Finanzierung einer Machbarkeitsstudie zur Bankvorlage.

Das Unternehmen erklärte, dass eine Prognose für das Geschäftsjahr 2012 aufgrund der gesamtwirtschaftlichen Lage weltweit schwierig ist.

Das Unternehmen wird sich nun auf Exploration im Südosten und Osten des Projektgebietes konzentrieren, wo es bedeutendes Potenzial dafür sieht, die Ressource weiter zu erhöhen.

Die neuen Mittel sollen in erster Line dazu verwendet werden, die Produktion des Marampa Eisenerzprojektes in Sierra Leone zu steigern.

Die Mineralisierung erstreckt sich über die gesamte 3.475 Meter lange Atlanta Scherzone, und verstärkt somit das Potenzial, das gesamte Gebiet in einem grossen Tagebau zu erschliessen.

Die neue Studie hat die Gesamtressource um 700.000 Goldunzen auf 3,2 Millionen Unzen in den angezeigten und abgeleiteten Kategorien angehoben.

Inovio entwickelt synthetische, auf DNS basierende Impfstoffe gegen eine Reihe von Krankheiten und Infektionen, darunter auch Grippe.

Das Programm soll sowohl neue als auch bekannte Ziele in den White River West und White River East Bereichen näher umreissen und erweitern.  Auch weitere Erkundungsarbeiten sind geplant.

Der Kapitalwert des Projektes wird bei einem Diskontsatz von 5% auf US$2,8 Milliarden geschätzt, und die Betriebskosten auf durchschnittlich US$606 pro Unze Goldäquivalent.

Nach Abschluss der Arbeiten zur Ressourcenerweiterung will sich das Unternehmen mit den  Genehmigungen und ingenieurtechnischen Fragen zur Entwicklung eines Bergbaubetriebs befassen.

Platinproduzent Lonmin is nicht nur Anteilseigner, sondern hat auch ein Joint Venture mit Wallbridge über die Sudbury Camp Liegenschaft in Ontario.

Joint Venture Partner Search Minerals meldete die Ergebnisse von sechs Probegraben über 44 Meter, die über eine Streichlänge von 350 Metern Mineralisierung nachgewiesen haben.

Der Softwareentwickler meldete eine Umsatzsteigerung im Geschäftsjahr 2011 von 14% im Vergleich zu 2010 auf €14,23 Milliarden, und einen Ansteig des Betriebsergebnisses um 88% auf €4,88 Milliarden.