Kazakhmys Set to Take Out Eurasia Gold
In a transaction worth about $288 million, London-listed Kazakhmys (KAZ-L, KZMYF-O) has offered to take over Eurasia Gold (EGX-T, EGXDF-O).
Copper
Copper Fox Packs on Pounds, Worth Less
Copper Fox Metals (CUU-V, CPFXF-O) increased its copper and gold resources recently at its Schaft Creek project, in B.C., but watched as its share price fell on news that the molybdenum and silver res…
Zinifex Gets 95% of Wolfden
Zinifex (ZFEXF-O, ZFX-A) plans to make a compulsory acquisition of the remainder of Wolfden Resources (WLF-T, WLFFF-O), now that 95% of the shares have been tendered.
Teck joins NovaGold to develop Galore Creek
NovaGold Resources (NG-T, NG-X) has struck a deal with Teck Cominco (TCK.B-T, TCK-N)to develop on a 50-50 basis the…
Tyler posts new number for Bahuerachi (May 23, 2007)
Nine months’ drilling by Tyler Resources (TYS-V) has succeeded in increasing the resource estimate on the Bahuerach…
Norsemont rides into Peru
SITE VISIT Lima, Peru — When Bob Baxter left his post as executive vice-president at Char- iot Resources (CHD-T) to become president of Norsemont Mining (NOM-T), he didn’t have to…
Zaruma updates Luz del Cobre numbers (May 21, 2007)
Thanks to additional metallurgical testing and orebody modelling, Zaruma Resources (ZMR-T, ZMRAF-O) has posted a revised reserve figure for its Luz del Cobre copper project, in Sonora state, Mexico.
NAP outlines Shebandowan zones
An 8,400-metre drilling program at the Shebandowan mine, west of Thunder Bay, Ont., has defined three zones of mineralization west of the former nickel producer.
African Copper cuts mineralization on Matsitama project (May 17, 2007)
Delineation drilling by African Copper (ACU-T, ACU-L) has cut several long intersections of copper mineralization…
Serengeti surges on more wide Kwanika intercepts
Vancouver – Another batch of wide mineralized intercepts from its Kwanika property in north-central B.C. launched S…
Centrasia up on word of Russian nickel acquisition
Centrasia Mining (CTM-V, CTMHF-O) made big market gains after announcing it has agreed to acquire three nickel-copp…
Southern Arc’s IR slip-up
A typo delayed an enthusiastic reaction to big news from Southern Arc Minerals (SA-V) West Lombok copper-gold prop…