Speculation on Metall’s future continues
There is persistent speculation that Metallgesellschaft (MG) plans to sell its 50.1% interest in Metall Mining (TSE). In recent news reports, MG is said to have confirmed the sale of the Canadian subs…
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LAST BUT NOT LEAST — Western boosts Carmacks stake
Junior Western Copper Holdings (TSE) plans to assume total ownership of the Carmacks copper project by acquiring the half interest held by Thermal Exploration (ASE). The project is near the Yukon town…
LAST BUT NOT LEAST — Drilling planned for Chile’s Tuina
Exploration and development are to begin shortly on the Tuina copper property in northern Chile. Joint owners International Mahogany (TSE) and North Lily Mining (NASDAQ) hope to expand reserves at the…
LAST BUT NOT LEAST — Imperial sells mine stake to Cameco
In a move that will take it out of the uranium business, Imperial Metals (TSE) is selling its 30.8% interest in the Crow Butte in situ leach mine and adjacent Big Red property in northwestern Nebraska…
NEWS ROUNDUP — New zones found at Fer project
Drilling has intersected three base metal zones at the Fer property in northern Manitoba. Canmine Resources (CDN) reports that the new zones, 100-150 metres west of the Fer zone, strike east-west and …
NEWS ROUNDUP — White Star options ground to Falco
After dropping an option on the “A” group of claims held by White Star Copper Mines (CDN), Falconbridge has decided to option the junior’s “C” claim group. The properties are 1.5 miles northwest of th…
LAST BUT NOT LEAST — Kookaburra bullish on Tacaza drilling
Reverse circulation drilling is set to begin at the Tacaza copper property in southeastern Peru. Kookaburra Resources (TSE) is spending $500,000 on the 150-hole program, which is designed to calculate…
LAST BUT NOT LEAST — Treminco drilling Greenstone Belt
Drills are turning on the Greenstone Belt properties, under option to Treminco Resources (TSE). Seven holes, totaling 5,200 ft., have been drilled to date. The company is testing five separate shear z…
Newcoast retaining Gibraltar stake
To prevent dilution of its 30% net proceeds interest in the Gibraltar North property in British Columbia, Newcoast Silver Mines (VSE) will form a separate company and dividend it out to shareholders. …
Caribgold happy with Cuban results
Toronto-based junior Caribgold Resources (TSE) is encouraged by results from initial field work on its five joint-venture properties in Cuba. Drilling is scheduled to begin soon at the Descanso-Melone…
Mexico opens up mining areas
The Mexican government opened up almost 13 million hectares of land last year in an effort to spur mineral exploration. This year, the Ministry of Energy, Mines and State Industry has already put up f…
Mining day at Quevillon
A “mining day” in Lebel-sur-Quevillon, Que., is planned for April 26 as part of Quebec’s Mining Week activities. The theme of the day will be “Lebel-sur-Quevillon, the new mining camp of Abitibi.” Mor…