Drilling under way at Jones Hill
Partners Aur Resources (TSE), Thunderwood Resources (TSE) and Champion Resources (VSE) have begun drilling the Jones Hill volcanogenic massive sulphide deposit near Albuquerque, N.M. Nearly 7,000 ft. …
News
Option holders cash in on gold rally
The recent gold rally has enabled directors and officers of precious metal producers to profit handsomely on their options. According to the Ontario Securities Commission’s OSC Bulletin, recent inside…
Orleans seeks funds to develop Quebec wollastonite play
Having advanced its St. Onge Twp. wollastonite deposit beyond the exploration stage, Orleans Resources (ME) is seeking additional funds for bulk-sampling and development. The project is “no longer an …
STOCK MARKETS — Windy Craggy gets chop, diamond news sparks
Mining in British Columbia (and by extension the rest of Canada) took it on the chin during the week ended June 22 when the NDP government of Michael Harcourt announced it would not approve the develo…
Conwest and parent Faraday to merge
Toronto-listed Conwest Exploration (TSE) and parent Faraday Resources (TSE) are amalgating. The company will continue to be known as Conwest. Pursuant to the merger, Faraday shareholders will receive …
Year-end production start expected for Cerro Colorado
Initial production from the Cerro Colorado porphyry copper deposit in northern Chile is expected to begin by year-end, Rio Algom (TSE) reports. Over an estimated 23-year life, 10,000 tonnes per day wi…
NEWS ROUNDUP — Cambior to drill Polo Sur
Growing gold producer Cambior (TSE) reports assessing more than 450 projects in Chile during the past three years, its prime targets being copper and gold projects. Last year, the company purchased th…
CANMET signs European deal
A 3-year arrangement allowing for the exchange of information on environmental technologies has been signed by CANMET (Canada Centre for Mineral and Energy Technology) and the Commission of European C…
Hot play in Mexican hot spot (48 C) — Eldorado’s La Colorada
Less than a year after it formed a joint-venture agreement to earn a 70% interest in the La Colorada property, Eldorado (VSE) has completed a pilot heap leach test and expects to be in production by t…
Windy Craggy: 1958-’93
The owners of the Windy Craggy deposit in northwestern British Columbia will be demanding compensation of several hundred million dollars from the provincial government. Last week, the government expr…
NEWS ROUNDUP — Orvana explores Madhat project
The Madhat property on Vancouver Island will be further explored this year by Orvana Minerals (VSE). Exploration is being funded by partner Reynolds Metals, which can earn a 50% interest by spending $…
STOCK MARKETS — Market jumping over profit-taking in
The Vancouver Stock Exchange resource index reached a record high of 1,353.02 before backing off to 1,313.68, for a gain of more than 23 points during the week ended June 22. The composite index lost …