Canwealth Minerals, ICBS and Bayport Corporation have formed a mining joint venture named Goldshore Mining to drill for gold and rare earth elements in the US state of Utah.

The claims are currently owned by Bayport and will be transferred to Goldshore Mining, who will be the sole owner of all of the claims.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Canwealth Minerals, which is 51% owned by ICBS, will supply the technical expertise and equipment for the deep core drilling programme at the mining sites.

The firm is planning to start a three-stage deep core drilling development programme in 2012, which will be carried out over the next three years.

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Mining Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Mining Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now