Alderon releases initial Kami resource
Vancouver – A first resource for Alderon Resource’s (ADV-V) Kamistiatusset (Kami) iron ore project in western Labrador has established a global resource of 608 million indicated and inferred tonnes.
News
Lago likes Juruena enough to add more drills
Lago Dourado Minerals (LDM-V) is showing its confidence in Brazil’s gold mining potential by expanding its drill program before initial results have even been released. The company says its phase one drill campaign will be boosted to 18,000…
Premier Gold updates Hardrock resource
After two years of aggressive exploration, measured and indicated resources have jumped by 269% to 2.5 million ounces at Premier Gold Mines’ (PG-T) 70%-owned Hardrock project near Geraldton in northwestern Ontario. Inferred resources have grown…
Nevada Copper making progress at Pumpkin
Vancouver – Nevada Copper (NCU-T) continues to steadily advance its sizable Pumpkin Hollow copper project with an updated resource and more permits secured.
Corsa advances Pennsylvania coal operations despite weather delays
Vancouver – Despite being nearly two months behind schedule, shareholders of Corsa Capital (cso-v) reacted positively to news that the company’s Wilson Creek metallurgical coal processing plant in Pennsylvania will be commissioned and fully…
New Gold to take Richfield in all-share deal worth $550 million
Vancouver – Richfield Ventures (RVC-V) has capped an impressive rise by being snapped up by New Gold (NGD-T, NGD-X) in an all-share deal that values the junior at $550 million.
Kipoi nears production
Tiger Resources (TGS-T, TGS-A) says commercial production will begin in April at its Kipoi copper project in the Democratic Republic of the Congo.
People (April 04, 2011)
Argentex Mining – Peter Ball appointed executive VP of corporate development.
Auriga’s fresh take on an old mine
Auriga Gold (AIA-V) is putting its faith in Manitoba’s Flin Flon greenstone belt, as the company fast-tracks its Maverick gold project into production.
Mediterranean shareholders force management shake-up
Dissident shareholders of Turkey-focused gold explorer Mediterranean Resources (MNR-T) appear to have forced the resignation of the company’s president and CEO, Peter Guest, aged 73. Newly appointed director Christopher Ecclestone of New York…
Sandspring’s high hopes for Toroparu in Guyana
Sandspring Resources (SSP-V) envisions annual production from its Toroparu project in Guyana of 310,000 oz. gold and 29 million lbs. copper in the first four years of operations, provided it can first raise the US$617 million needed for mine…
Zambian smelting shortfall a concern, Lundin says
When Phil Wright recently lashed out against Equinox Minerals’ (EQN-T, EQN-A) hostile takeover bid for Lundin Mining (LUN-T) in a conference call, the chief executive cited the shortage of Zambian smelting capacity as yet another project risk…