Collapse of copper price wreaks havoc on LME
The price of copper, already battered over the past month, plunged on the London Metal Exchange (LME) following revelations of a trading scandal at the giant metal trading company Sumitomo. The Japane…
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Noble Peak explores Barberton gold belt
Noble Peak Resources (NPK-A) has begun exploring its holdings in the Barberton greenstone belt in South Africa.The gold project includes 132 sq. km of exploration lands and 70 sq. km under option. The…
BASE METALS SPECIAL — Work resumes at Clinton property
During the next six months, New Goldcore Ventures (NGV-T) will spend at least $400,000 exploring its Clinton base metal property south of Lake Megantic in Quebec’s Eastern Townships.The program will t…
BASE METALS SPECIAL — Diadem plans more work at Pekan River
Diadem Resources (DIR-M) is exploring a new prospect at the Pekan River copper-nickel project in Newfoundland.The 5,000-hectare Lac Edgar property is 7 km southeast of the Pekan River property, which …
BASE METALS SPECIAL — Mar-West drills Eldorado play
A 5-hole drill program is under way at the Eldorado property, a volcanogenic massive sulphide target in the heart of the Yukon’s Finlayson Lake belt.The program was launched by Mar-West Resources (MSR…
Metallica expands Cerro San Pedro
Junior Metallica Resources (MR-T) is expanding the limits of mineralization at the Cerro San Pedro gold-silver project in central Mexico.Based on a 1995 drill program and a subsequent prefeasibility s…
Franc-Or funds Guiana work
With a third and final private placement completed for $500,000, Franc-Or (FOR-T) has raised a total of $2.7 million to fund its gold-diamond projects in French Guiana.Chief among these is the 121.5-s…
Silver Tusk drills Indonesian target
An initial phase of drilling is planned for the Karya Bukit Utama gold-silver property, on the Indonesian island of Sumatra.Consolidated Silver Tusk Mines (CKT-V), which holds rights to an 80% interes…
BASE METALS SPECIAL — Tri Origin enters JV with Aussie major
In a move to diversify into base metals, Tri Origin (TOE-T) has formed a joint venture with Savage International Exploration, a unit of Savage Resources of Australia.The parters will explore Central a…
BASE METALS SPECIAL — Globex Mining eyes Bateman
Gold targets feature prominently in the list of projects being worked by Globex Mining Enterprises (GMX-T). This year, however, the junior acquired two projects where copper is the primary commodity o…
BASE METALS SPECIAL — Voisey’s Bay juniors are down but not out
The rise and fall of Cartaway Resources (CWA-A) after no more than a hint of nickel mineralization was found in core from one of its Labrador properties has definitely dampened the spirits of the scor…
San Fernando looks to sell La Fortuna
San Fernando Mining (SNF-T) has granted Chester Millar an option on the Fortuna mine in Durango, Mexico.Millar, who is chairman of Glamis Gold, paid the company US$50,000 for the option. He has until …