Korean consortium buys into Inmet’s Cobre Panama
Korea Resources and LS-Nikko Copper are exercising their option for a 20% stake in Inmet Mining’s (IMN-T) Cobre Panama, a large, open-pit copper development project in Panama.
Copper
Huckleberry approves mine expansion
The board of Huckleberry Mines – in which Imperial Metals (III-T) holds a 50% stake, and a consortium of Asian companies (Materials, Marubeni, Dowa Mining and Furukawa) owns the remainder – has approved a plan to extend the life of its…
Trevali opens Halfmile mine in NB
Trevali Mining (TV-T) has kicked off the new year by transitioning from a development-stage company to a producer, by starting up the Halfmile polymetallic massive sulphide mine near Bathurst, N.B.
Tigray on the hunt for another Bisha
Recent drilling at Tigray Resources’ (TIG-V) flagship Harvest copper-gold-silver project in northern Ethiopia has returned several high-grade intercepts, including 21 metres grading 5.7% copper, 1.5 grams gold per tonne, 18 grams silver per…
Brixton cuts mega-intercept at Thorn in BC
Brixton Metals (BBB-V) has pulled a whopper of an intercept from the Thorn project in northwest B.C., hitting 95 metres grading 904 grams per tonne silver equivalent from near surface.
Three companies better than one for Western Copper family
Convinced its portfolio of projects weren’t being adequately appreciated in the market, Yukon-focused Western Copper last year spun out everything but its flagship Casino project into two new companies.
Brilliant Resources looks to shine in Equatorial Guinea
Vancouver – There are few countries in the world without active mineral exploration, but before Brilliant Resources (BLT-V) showed up Equatorial Guinea was one of them.
Rockgate bulks up resources at Falea
Rockgate Capital (rgt-t) recently reported a 258% increase in the contained uranium resource in the measured and indicated category at the Falea project in western Mali.
First resource for Northern Freegold’s Revenue deposit at 3.7M gold equivalent ounces
Vancouver – Northern Freegold Resources (NFR-V) has added significantly to the overall resources at its Freegold Mountain project in Yukon thanks to an initial resource on its Revenue deposit.
BHP boosts copper resources at Spence by 700%
Resources at BHP Billiton’s (BHP-N, BLT-L) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year US$30-million brownfield exploration program.
Ivanhoe drops the poison pill and secures financing
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in Oyu Tolgoi through Ivanhoe Mines’ (IVN-T, IVN-N) equity. After winning a court ruling in late December of last year the sting was removed from Ivanhoe’s shareholders…
Exeter completes Caspiche prefeasibility
The Caspiche project in northern Chile’s Maricunga gold district has a pre-tax net present value at a 5% discount rate of US$2.8 billion and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X)…