Drilling opens up Vault
Drilling at the Meadowbank gold project, near Baker Lake, Nunavut, has increased the size of the Vault gold zone.Cumberland Resources (CBD-T) recently sank 19 widely spaced holes into the zone, mainly…
Cumberland Resources Ltd
Broad market takes it on the chin
Weighed down by a sagging industrial products sector, the Toronto Stock Exchange 300 index slipped 164.04 points over the June 6-12 report period. The broad market ended the week at 8,094.78.Gold gain…
Cumberland gets nod for exploration upside
Despite considerable exploration success at two gold projects in Nunavut, Cumberland Resources (CBD-V) is trading at a 5-year low of 80, down even from its 52-week high of $1.55. Graeme Currie, analy…
Meliadine West put on block
Australia’s WMC has notified its two Canadian partners, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T), that the Meliadine West gold project in Nunavut will be included in the packa…
Noranda reworks Lomas Bayas deal with Falco
The biggest news among Canada’s base metal producers over the May 2-8 report period was the revelation by Noranda that it is shuffling off its stake in the proposed purchase of the Lomas Bayas open-pi…
Cumberland steps up Meadowbank drilling
Crews have been mobilized to the Meadowbank gold project, 70 km north of Baker Lake in Nunavut, as Cumberland Resources (CBD-T) prepares to begin a 4,000-metre drilling program.The $1.3-million progra…
Flow-through share financings benefit Canuck juniors
Vancouver — Companies with Canadian projects are finding willing investors for flow-through share issues, which provide investors with tax deductions on exploration expenses.- Canabrava Diamond (CNB-…
Cumberland gets $1.3m
Cumberland Resources (cbd-t) has closed a private placement for 1.2 million units that will bring in about $1.3 million for work at the Meadowbank gold project in Nunavut.A million of the units are be…
Discoveries by McWatters, Noranda highlight 2000
The dreary state of metal markets failed to deter several domestic explorers from advancing their projects in 2000. Leading the pack was McWatters Mining, which began the year with a fourfold increase…
Northern gold explorers focus on adding bulk
Size matters, especially with regard to gold projects in the Far North. As the yellow metal continues to languish below US$275 per oz., gold explorers in this high-cost environment are focusing on add…
Meadowbank resource grows
A new resource estimate has substantially increased the known tonnage of the Meadowbank gold project in Nunavut.Cumberland Resources (CBD-T) reports that the new resource estimate is based on 383 dril…
Deposits augur new era for Nunavut
A trio of deposits in the newly created Canadian territory of Nunavut is inching closer to becoming the cornerstone for a new era of mining in the region, where most of the existing mines are close to…