Copper Canyon board rejects NovaGold bid
Vancouver – Copper Canyon Resources’ (CPY-V) board of directors has unanimously rejected as inadequate a hostile takeover bid launched by joint venture partner NovaGold Resources (NG-T, NG-X).
Articles by Northern Miner Staff
Demand outpaces discoveries, Roundup delegates told
VANCOUVER – This year’s Mineral Exploration Roundup attracted 7,000 delegates from around the world, a new record for the annual conference hosted by the Association for Mineral Exploration British Columbia (AME BC). But in keeping with the…
Short Position Report (February 03, 2011)
TSX Short Positions Short positions outstanding at Jan 31/11 (with changes from Jan….
Newmont proposes to buy Fronteer Gold
Newmont Mining (NEM-N) is the latest to join the wave of merger and acquisition activity that is washing over Canadian mining companies.
Sennen and North Arrow set to partner on Nunavut gold exploration
Sennen Resources (SN-V) is signaling its faith in arctic gold by cutting a deal with North Arrow Minerals (NAR-V) for a stake in its Hope Bay Oro gold project in Nunavut. In a somewhat convoluted deal, a third junior Chelsea Minerals (CCC.H-V),…
International Minerals increases gold resource at Goldfield Project, Nevada.
A year after acquiring the Goldfield project in Nevada through its acquisition of Metallic Ventures Gold, International Minerals (IMZ-T) has completed its first resource estimate on the project’s main deposit.
Relief Canyon mine acquisition falls through for Canarc
Following a due diligence review of Firstgold’s bankrupt Relief Canyon gold mine in Nevada, Canarc Resource (CCM-T) has decided not to proceed with the US$11-million acquisition. Canarc had successfully bid to buy the Relief Canyon gold assets…
African Aura’s Nkout tops a billion tonnes
Vancouver – A first resource estimate for African Aura Mining’s (AUR-V) Nkout iron project in southern Cameroon has put over a billion tonnes in the ground.
More land and more results for Auryx
There was plenty of news coming from Auryx Gold’s (AYX-T, AYX-N) Otjkoto gold project in Namibia but none of it was able to reverse what has been a steady decline in market cap over the past three months. Firstly Auryx announced that it has…
Pacific North West Capital takes 100% of River Valley
Pacific North West Capital (PFN-T, PAWEF-O) is acquiring Anglo Platinum’s 50% interest in the River Valley platinum group metals joint-venture project in Ontario, one of Canada’s largest primary PGM deposits, bringing its total ownership to…
Lake Shore adds to position in Northern Superior (February 01, 2011)
Lake Shore Gold (LSG-T) has increased its ownership in Northern Superior Resources (SUP-V) to 25.5% by privately purchasing more than 6.7 million common shares at a price of 80 cents each. Lake Shore says it purchased the shares for investment…
Venture edges up in Jan. 24-28 period
Vancouver – Like gold and oil, The S&P TSX Venture Exchange swung down then up over the January 24-29 period, with the exchange eking out a slight gain. By the numbers, the Venture dropped a total of 79.43 points over three days while…