Black Pearl eyes production at Timmins
The Timmins gold property in the southern Abitibi greenstone belt of northern Ontario is “a potential company maker,” says Judy Baker, president of Black Pearl Minerals (BLK-V, BPMCF-O).
News
Magellan hits more Brazilian gold
If results from its next 24 drill holes are as promising as assays from its first four, Magellan Minerals (MNM-V) will be the next hot name on the junior exploration circuit.
Hathor drills hit high-grade uranium
VANCOUVER — After its stock surged on news in late February of highly anomalous uranium-mineralized drill intercepts, Hathor Exploration (HAT-V, HTHXF-O) posted further gains on assays confirming wid…
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.
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.