JAG produces gold from Belleterre
Persistence has paid off for one junior exploration company in western Quebec. Initial development of the Aubelle deposit by JAG Mines (ME) has yielded 1,300 tonnes of development ore.After processing…
1995
Noranda buys into smelter
The growing Chilean copper smelting business has attracted Noranda Metallurgy.The company, a unit of Noranda, (TSE), has agreed to buy a 24.8% interest in Fundicion Refimet, operator of the Antofagast…
Magma and Chase to exploit Philippine copper
An agreement with Magma Copper (NYSE) will enable Chase Resource (TSE) to advance its Taysan copper project in the Philippines.Subject to the completion of a due diligence review and regulatory approv…
Inmet Mining takes Copper Range closure on the chin
There was little cause for celebration as Inmet Mining (TSE) unveiled its results for the second quarter.The company’s decision to suspend conventional mining and milling at its 87%-owned Copper Range…
Echo Bay releases more results from Paredones Amarillos project
Drilling by Echo Bay Mines (TSE) at the Paredones Amarillos gold project in Mexico continues to test the main resource area, where partner Baja Gold (TSE) has estimated reserves of 1.5 million contain…
Glamis’ bid for Eldorado dead
Some two months after first taking a run at Eldorado (TSE), Glamis Gold (TSE) has allowed its takeover bid for the company to expire.Glamis, which was offering $1.50 in cash plus 0.47 of a common shar…
Cobalt market focus of conference
The Voisey Bay nickel-copper-cobalt discovery will be on the agenda of the fourth annual Cobalt Conference to held September 26-28, in Washington, D.C.Cobalt 95: Managing for Profits in an Era of Pote…
Pentland Firth picks up Hoyle gold property
The estate of the late F.W. Schumacher (one of the great names in the early days of the Timmins gold camp) has agreed to option a quarter-section in Hoyle Township, Ont., to Pentland Firth Ventures (T…
Partners expand drilling program at Meliadine gold property in N.W.T.
Encouraged by drilling on their Meliadine property near Rankin Inlet, N.W.T., partners Cumberland Resources (VSE) and Comaplex Resources (TSE) are expanding the program by a further 3,300 ft.The work …
Goldbrook options Onaman property
Alberta-listed Goldbrook Explorations plans to explore some newly optioned claims in northwestern Ontario.The South Onaman property comprises 51 claims on the southern boundary of Goldbrook’s 148-clai…
INSIDER TRADING — Teck brass granted options, sell shares
Four senior officers of Teck (TSE) recently exercised options and acquired Teck class B shares which they then sold.According to the Ontario Securities Commission’s OSC Bulletin, Gary Jones, senior of…
Nord Pacific bullish on Aussie copper play
Australian copper producer Nord Pacific (NASDAQ) has received encouraging results from its joint-venture programs near the Girilambone mine in New South Wales.Within the Girilambone North project area…