WMC finds Meliadine West buyer
Australia’s WMC Resources (WMC-N) is dusting off the 4.5-million-oz. Meliadine West property in Nunavut and selling its 56% stake to Comaplex Minerals (CMF-T), a Calgary-based junior that already hold…
Cumberland Resources Ltd
East Meliadine returns poor diamond results
Some of the shine on the Churchill diamond play in eastern Nunavut has tarnished following the release of microdiamond results from the Meliadine East project: they show that nine of the 11 kimberlite…
Cumberland eyes $25m
Cumberland Resources (CBD-T) plans to raise up to $25 million by selling 7 million units and 1 million flow-through shares, with proceeds earmarked for the Meadowbank gold project in Nunavut.Under a b…
More kimberlites found at Churchill
The discovery of two more kimberlites during a first pass of drilling on the Churchill project, north of Rankin Inlet in Nunavut, brings the total number of kimberlite bodies found to date to seven.Sh…
Cumberland exercises warrants
Vancouver — Cumberland Resources (CBD-T) has exercised share purchase warrants originating from a $14.7-million financing in June 2002, raising $5.1 million in the process.As a result, Cumberland’s w…
New diamond plays come into view in northern Canada
The diamond hunt is exploding with new kimberlite discoveries beyond the Slave Craton in Canada’s Far North. Recent discoveries are reported near Rankin Inlet and on the Melville Peninsula in eastern …
New kimberlite camp emerges north of Rankin Inlet
A $3-million investment to acquire a 14% minority stake in the Churchill diamond project in Nunavut is already paying dividends for BHP Billiton (BHP-N). The major reports that two separate kimberlite…
Cumberland expands Meadowbank (June 16, 2003)
Vancouver — Results from last year’s drilling have enhanced the economic prospects of the Meadowbank gold project, 70 km north of Baker Lake in Nunavut.Owner Cumberland Resources (CBD-T) now estimate…
People (June 16, 2003)
Barrick — Alex Davidson appointed executive VP of exploration.Canadian Oil Sands Trust — Allen Hagerman appointed CFO of wholly owned subsidiary Canadian Oil Sands Ltd. which manages the trust.Cu…
Partners find kimberlite near Rankin Inlet
Led by promising indicator mineral chemistry, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) have intersected a kimberlite-pipe-like body in the first drill hole of a program designed to t…
Far North beckons Cumberland
By advancing the Meadowbank project in eastern Nunavut to production, Cumberland Resources (CBD-T) is positioning itself to become Canada’s next mid-tier gold producer.Covering some 350 sq. km along a…
Prudent Bear Funds beefs up Western Silver holdings
Recent insider trading transactions reported by the Ontario Securities Commission include the following:q Alamos Minerals (AAS-V) — Chester Millar, director, bought 258,000 shares at 47-53 apiece to…