Gold vanishes into thin air
Denver — A shipment of unrefined gold from the West African nation of Benin was recently reported missing at Chicago’s O’Hare International Airport, according to an Associated Press report.The gold, …
2000
Bema gets squeezed by senior partners
Although gold prices remained below US$267 per oz. during the Nov. 8-15 report period, there was a steady stream of news from both major and junior gold companies.Down 5 to 41, Vancouver-based Bema …
Cancor finds new zone
The discovery of a new copper-zinc-silver-gold zone has Cancor Mines (KCR-M) optimistic that ongoing work will enhance the potential of its Gemini property in the Abitibi region of Quebec.The discover…
Cross Lake active near Timmins
Vancouver-based Cross Lake Minerals (CRN-V) is carrying out soil sampling at its Sheraton zinc-silver property, in Timmins, Ont.The program follows the recent discovery of several geophysical anomalie…
CDNX continues fourth-quarter slump
Canada’s junior exchange posted losses on all fronts during the report period ended Nov. 14. The Canadian Venture Exchange composite index tumbled 94.54 points, or 2.8%, to finish the week at 3,180.64…
TSE needs better system
We recently observed, with some dismay, the fiasco on the Toronto Stock Exchange (TSE) involving the trading of Nortel Networks. Increasingly, there are concerns that this fiasco will reflect poorly o…
Weda Bay develops nickel laterite project
Having delineated a sizable nickel-laterite resource on the Indonesian island of Halmahera, junior Weda Bay Minerals (WDA-T) is now studying the feasibility of developing an open-pit nickel-cobalt min…
Corriente focuses on Equadoran properties
Vancouver — Having thinned out its portfolio of Argentine properties and put its Tasna bismuth mine, in Bolivia, up for sale, Corriente Resources (CTQ-T) is focusing its exploration efforts on the Co…
Zaruma tests Luz del Cobre
Newly listed Zaruma Resources (ZMR-T) is carrying out metallurgical work at its Luz del Cobre project, in Mexico, in order to bring an existing feasibility study to the bankable level.Situated in the …
Positive study tabled for Finlayson
The Finlayson zinc project in southeastern Yukon is technically and economically viable, according to a prefeasibility study which assumes that the sulphide concentrates are marketable without any sec…
November mean month for gold mining
The brutal combination of high costs and weak prices has forced several companies to suspend mining and development activities at gold projects that aren’t robust enough to survive an industry downtur…
DRC’s drilling tests resource below pit at Afton
Six months of drilling from the floor of the Afton open pit, 10 km west of Kamloops, B.C., has — predictably enough — delivered a substantial copper and precious metal resource to owner DRC Resource…