Deals rock Canada’s base metals miners
The second week of 2011 was a breathtaking one in the Canadian base metals scene, with three substantial deals.
Copper
Geo Minerals, Inmet drill Arizona porphyry copper targets
Joint-venture partners Geo Minerals (gm-t) and Inmet Mining (imn-t) have resumed drilling on a copper porphyry target at the Middle Mountain property in south-central Arizona.At least two reverse circulation (RC) holes are planned to test for…
Northgate eyes Kemess North’s underground potential
After 12 years of profitable operation, Northgate Minerals’ (ngx-t, nxg-x) Kemess South gold-copper mine in north-central British Columbia is shutting down.The large-scale open-pit mine will cease operating in February after ore reserves have…
Tarsis gets new porphyry prospect in Yukon
If you ask Marc Blythe, president and chief executive of Tarsis Resources (tcc-v), there aren’t many companies like his that are looking for new projects in the Yukon. “There are probably only one or two publicly listed companies looking for…
Silver Quest grabs the Bouvette property
Investors snapped to attention when drilling at the Tiger zone in the middle of Atac Resources’ (atc-v) Rau gold property in the Yukon started yielding intercepts of 38.8 metres of 17.1 grams gold per tonne from 33 metres depth, 32.6 metres…
Taseko shrugs (January 24, 2011)
Taseko Mines (tko-t, tgb-x) may have been knocked down by the Canadian government’s ruling against its proposed Prosperity gold-copper mine in B.C., but that doesn’t mean the company has been knocked out.The government turned down the project…
Moly Mines shelves Spinifex Ridge moly-copper project in Oz
Falling metal prices and a higher Australian dollar have forced Moly Mines (MOL-T, MOL-A) to put on hold its Spinifex Ridge molybdenum-copper project in Western Australia’s Pilbara region.
Human Rights ruling for OceanaGold’s Didipio
Vancouver – A human rights ruling in the Philippines seems to have raised doubts as to the future of OceanaGold’s (OGC-T) Didipio project, while the Australian miner is assuring investors the project is a go.
Aldridge likes what it sees at Papua New Guinea discovery
When Aldridge Minerals (AGM-V) acquired a 450 sq. km license in Papua New Guinea in February 2009, it fielded three requests from majors to joint-venture the property even before any samples were taken.
Rockgate boots grade and tonnage at Falea
Vancouver – Rockgate Capital (RGT-T) has significantly boosted the size and grade of the uranium and silver resource in its Falea project in southwest Mali with a resource update.
Sunridge posts strong assay results in Eritrea
Sunridge Gold (SGC-T) has released assays from the first four of 35 holes drilled to define the Debarwa copper-gold-zinc VMS (volcanogenic massive sulphide) deposit at its Asmara project in Eritrea.
Canaco Resources explores Ethiopia (January 19, 2011)
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in the Handeni district of eastern Tanzania, where in late December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1…