Cumberland cuts high grades at Meadowbank
Definition drilling by Cumberland Resources (CBD-T), aimed at expanding the resource of its wholly owned, 3-million-oz. Meadowbank gold project in Nunavut, is intersecting high-grade gold mineralizati…
Cumberland Resources Ltd
Cumberland eyes Portage link (May 20, 2002)
Cumberland Resources (CBD-T) has intersected shallow, high-grade mineralization during a drill program aimed at connecting the Third Portage and North Portage deposits on the Meadowbank gold project i…
Drilling heats up at Meadowbank
At its 3-million-oz. Meadowbank gold project in Nunavut, Cumberland Resources (CBD-T) is spending $2.5 million on a drilling program aimed at outlining enough ounces to support a 10-year mine capable …
Meadowbank’s economics get rosier
With estimated resources up about 50% over those reported in an April 2000 prefeasibility study, Cumberland Resources (CBD-T) is understandably bullish about its Meadowbank gold project, 70 km north o…
Grassroots mineral exploration withered in past year
In 2001, metal prices fell to some of the worst levels ever, so junior explorers can be forgiven if virtually the only thing they developed in 2001 was the blues.New venture capital all but dried up, …
US rate cut spooks northern investors
The biggest news of the Dec. 5-11 report period came from south of the border, where the U.S. Federal Reserve Board knocked another 25 basis points off the federal funds rate, thereby reducing it to i…
Summo, Matrix seek cash for Mt. Watson prospect
Low metal prices continue to hold back copper-oxide specialist Summo Minerals (SMA-T), which expects to rely on debt financing to keep its portfolio of development properties going.Summo’s only produc…
Alcoa tipped in takeover of WMC
The board of directors of Australian-based WMC (WMC-N) are reportedly mulling over an unconfirmed cash-and-share takeover bid, worth as much as US$6.2-billion (A$12 billion), or A$11 per share, from U…
Gold Fields to buy WMC’s gold mines
Consolidation in the gold sector continues apace, with South Africa’s Gold Fields (GOLD-Q) striking a deal to buy WMC’s (WMC-N) St. Ives and Agnew mines in Western Australia.Gold Fields will pay US$18…
Maude Lake drills Comtois
Montreal-based Maude Lake Exploration (MAU-M) has started a 4,000-metre drilling program at its 50%-held Comtois property near Lebel-sur-Quvillon, Que.The program is aimed at increasing resources in …
Cumberland eyes placement
Subject to regulatory approval, Cumberland Resources (CBD-T) will offer 1 million units at $1.10 apiece to finance its exploration efforts in Nunavut.Cumberland has three gold projects in the area: Me…
RJK, Greater Lenora uncover showing
After several years of searching for the source of high-grade polymetallic boulders, partners RJK Explorations (RJX-V) and Greater Lenora Resources (GEN-T) have uncovered a new massive sulphide occurr…