News

Vancouver — The daily capacity of bcMetals‘ (C-V) proposed Red Chris porphyry copper-gold mine in northwestern British Columbia has been increased to 27,500 from 25,000 tonnes over 18 years.

AngloGold Ashanti (ASL-N) will acquire a 29.9% interest in Trans-Siberian Gold (TSG-L).

Vancouver — Ivanhoe Mines (IVN-T) has closed a $140-million equity financing consisting of 20 million shares priced at $7 per share.

Vancouver — Victoria Resource (VIT-V) has hit a 355-metre alteration zone containing high gold grades while testing the new RJR zone on its Mill Canyon property in Nevada.

Vancouver — Drilling by Miramar Mining (MAE-T) on the Goose Lake deposit at the Back River project in Nunavut has returned significant gold mineralization over good widths.

Vancouver — Arizona Star Resource (AZS-V) and Bema Gold (BGO-T) are threatening to go to arbitration to gain Placer Dome‘s (PDG-T) 51% stake in the Cerro Casale porphyry gold and copper pro…

Vancouver — Two deep holes have confirmed and extended higher-grade gold mineralization in the West Wood breccia zone of the Sleeper deposit in Nevada’s Humboldt Cty. The property is held 50-50 by New Sleeper Gold (NWS-V) and <...

Our last issue was not sufficiently clear about the relationship between De Beers and Band-Ore Resources (BAN-T) at the latter’s GQ diamond property near Wawa, Ont.

Vancouver — Drilling at Great Basin Gold‘s (GBG-T) Burnstone deposit in the Witwatersrand Basin of South Africa has resulted in higher resource estimates for Areas 1 and 2.

The government of Kenya has granted Tiomin Resources (TIO-T) a 21-year mining licence for the long-stalled Kwale titanium-sands project, near Mombasa. The licence allows for the mining of ilmenite, rutile, and zircon.