Verena adds to Volta Grande gold resource
Exploration for gold deposits in the Volta Grande area of the eastern Amazon region of Brazil dates back to the Portuguese conquests of the 16th century and has continued sporadically to the present.
News
VMS rises on Reed Lake results
VANCOUVER — Strong drill results from the copper-zinc volcano-genic massive sulphide (VMS) discovery atReed Lake gave VMS Ventures (VMS-V, VMSTF-O) a healthy boost in recent trading.
Holy gold deposit, Batman
The Batman deposit at the Mt. Todd project in northern Australia has 1.1 million more oz. gold in the measured and indicated categories than originally thought, Vista Gold (VGZ-T, VGZ-X) reports.
Sierra Leone assays lift Axmin
A moratorium on drill sample exports in Sierra Leone delayed some good news for Axmin (AXM-V, AXMIF-O), but the company says the results were worth waiting for.
Caterpillar to produce underground loaders in Brazil
Caterpillar (CAT-N) has announced plans to open an assembly line to produce underground mining loaders at its facility in Sao Paulo, Brazil.
Teck Cominco tables huge copper resource
VANCOUVER — Base metals giant Teck Cominco( TCK. B-T, TCK-N)has released a resource for a major new zone of copper-molybdenum mineralization at its 76.5%-owned Quebrada Blanca mine in northern Chile,…
Hudson stock drops on recovery of larger diamonds
VANCOUVER–The latest diamond haul from bulk sampling at Hudson Resources’ (HUD-V, HUDRF-O) Garnet Lake kimberlite dyke, in western Greenland, hints at larger stones than previously recovered.
Correction (March 10, 2008)
As part of Barrick Gold’s (ABX-T, ABX-N) US$1.7-billlion agreement to purchase Rio Tinto’s (RTP-N) 40% interest in the Cortez joint venture in Nevada, there is a further lump-sum payment of US$50 mill…
Report examines growth of China’s steel industry
A report on the Chinese steel industry, detailing the first three quarters of 2007, is now available from Dublin, Ireland-based research firm Research and Markets.
LME WAREHOUSE LEVELS (March 10, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 4, 2008 (change from Feb. 26 in brackets):
Western Uranium tables Kings Valley resource
VANCOUVER — An initial resource estimate for Western Uranium’s (WUC-V, WURNF-O)Kings Valley project in northwestern Nevada reviews roughly 4.8 million contained pounds U3O8 hosted in three zones.
Bear Creek to consolidate Corani interest
Vancouver – Bear Creek Mining (BCM-V, BCEKF-O) has reached a deal to purchase the remaining 30% interest in the Cor…