Exchange Rates (April 30, 2007)
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News
Ursa Major gets bulk sampling approval
Ursa Major Minerals (UMJ-V, UMJMF-O) has received provincial approval for a bulk-sampling program at its Shakespeare nickel-copper project west of Sudbury, Ont.
Benton gets PGM exploration boost (April 30, 2007)
Stillwater Mining (SWC-N) has agreed to pump $1.6 million into Benton Resources’ (BTC-V) Goodchild nickel-copper-platinum group metal project north of Marathon, Ont., giving Stillwater the option to e…
Barrick offloads entire stake in NovaGold (April 30, 2007)
Vancouver — Making good on the planned sale of its 14.8% stake in NovaGold Resources (NG-T, NG-X), Barrick Gold (ABX-T, ABX-N) has divested its 13.6-million share position in the company, which it ta…
Marathon options Gossan’s Bird River (April 30, 2007)
Marathon PGM (MAR-T, MRPGF-O) has struck an option agreement to acquire up to a 70% interest in Gossan Resources’ (GSS-V, GSSRF-O) Bird River platinum group metals (PGM) project in southeastern Manito…
Commerce green plan good for prefeasibility
Commerce Resources (CCE-V, CMRZF-O) shares jumped 55% recently on news that the company is taking action to get environmental approval for its Upper Fir tantalum-niobium project near Blue River, B.C.
Nickel frenzy continues with Sherritt takeover of Dynatec
As nickel prices surge to new levels, Sherritt International (S-T, SHERF-O) has agreed to buy Dynatec (DY-T, DYTCF-O), 40% owner of the massive Ambatovy nickel project in Madagascar, for $1.6 billion.
Lac Pelletier’s gold looks good to Alexis
A scoping study of Alexis Minerals’ (AMC-V, AXSMF-O) Lac Pelletier gold project, located 4 km southwest of Rouyn-Noranda, Que., concludes that a mine could be brought into production within a year and…
People (April 30, 2007)
Claude Res. — Bob Kowalishin appointed director.
Wesdome, WQM ponder merger
Toronto-based sister companies Wesdome Gold Mines (WDO-T, WDOFF-O) and Western Quebec Mines (WQM-T) say they are “exploring the possibility” of merging, but have the support of both boards of director…
More macros for Diamonds North (April 30, 2007)
Vancouver — Diamonds North Resources’ (DDN-V, DDNFF-O) Char kimberlite, on its Amaruk property in the Pelly Bay diamond district of Nunavut, has yielded 178 diamonds from a 159.35-kg sample, includin…
Kenrich-Eskay tallies Double Ed copper
Vancouver — Kenrich-Eskay Mining (KRE-V, KREKF-O) has delivered a modest resource estimate for the Double Ed deposit on its 50%-owned Coastal Copper project, located in the Anyox mining district in n…