Majescor hits high-grade silver in Haiti
Vancouver – Haiti-focused Majescor Resources (MJX-V) has announced several encouraging copper and silver hits over two days from its 71%-owned Somine project, sending its share price upwards.
Copper
Another fatality at Vale’s Sudbury mines
Vale (vale-n) has temporarily halted all of its underground mining activity at its five nickel-copper mines in Sudbury, Ont., following the death of a miner at the Coleman mine on Jan. 29.
BHP boosts copper resources at Spence
Resources at BHP Billiton’s (BHP-N) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year, US$30-million brownfield exploration program.
Ivanhoe drops poison pill, secures financing
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in the Oyu Tolgoi copper-gold deposit in Mongolia through Ivanhoe Mines’ (IVN-T, IVN-N) equity.
Northern Freegold’s first resource for Revenue finds 3.7M gold equivalent oz.
Northern Freegold Resources (NFR-V) has added significantly to the overall resource at its Freegold Mountain project in Yukon thanks to an initial resource on its Revenue deposit.
Quadra FNX ups Victoria resource
Infill drilling at Quadra FNX Mining’s (QUX-T) polymetallic Victoria project in Sudbury, Ont., has increased inferred resource tonnage by 16% and raised by 32%, 26% and 4% its contained nickel, copper and total precious metals, respectively,…
Exeter completes prefeasibility on Caspiche
The Caspiche gold-copper project in northern Chile’s Maricunga gold district has a US$2.8-billion pre-tax net present value at a 5% discount rate and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X) new…
Copper market more balanced in 2013-14
Copper could see above-trend production increases in 2012, Bank of America Merrill Lynch maintains in a Jan. 24 report on base metals.
AME BC Roundup session highlights recent discoveries in BC, Yukon and Alaska
Vancouver – With the Association for Mineral Exploration British Columbia celebrating its 100th anniversary at this year’s Mineral Exploration Roundup in Vancouver, it was only fitting that most of the projects highlighted in Tuesday’s sessions…
Infill results drive Hana higher
Shares of Hana Mining (HMG-V) closed 7.2% higher at $1.49 per share after the company reported some of the best intercepts yet of copper-silver mineralization in the Banana Zone at the company’s Ghanzi project in Botswana.
Prophecy Platinum starts winter drill program at Wellgreen
Fifteen kilometres off the paved Alaska Highway in southwestern Yukon, the Wellgreen nickel-copper-platinum group metal (PGM) project sits largely as it has since 1973, when Hudson-Yukon Mining abandoned underground mining there after one year…
African Metals held up by violence and rain
National elections in the Democratic Republic of the Congo (DRC) have held up African Metals (AFR-V) in the development of its Luisha South copper and cobalt project.