Diamond exploration heats up in Nunavut
BHP Billiton (BHP-N) has uncovered nine weakly to moderately diamondiferous kimberlites at its Qilalugaq property, near Repulse Bay in Nunavut.A test sample of 9.1 tonnes of kimberlite collected from …
2004
EuroZinc lone bidder for Neves Corvo
Vancouver — EuroZinc Mining (EZM-V) is the only company to have bid on the offering of the Portuguese government’s 51% interest in Somincor, the company that owns the giant Neves Corvo copper mine in…
Teck ups stake in Highland Valley
With the ink barely dry on a 3-year labour deal, Teck Cominco (TEK-T) is preparing to boost to 97.5% its stake in the Highland Valley Copper mine, 60 km southwest of Kamloops, B.C.The company will do …
Strike brings Falco down in Sudbury
Two months of negotiations between union workers and Falconbridge (FL-T) have ended in failure, forcing the major to shut down its mining and milling operations in Sudbury, Ont.Members of the Sudbury …
Nevsun tests Bisha
Although best known for its Tabakoto-Segala gold projects in the Kenieba district of Mali, Nevsun Resources (NSU-T) has launched a major drill program to advance a promising, high-grade gold and base …
Cumberland expands Meadowbank (February 09, 2004)
Convinced that the Meadowbank gold deposit is rich enough to support an open-pit mine and mill in the High Arctic region of Nunavut, Cumberland Resources (CBD-T) is advancing the project through the f…
The markets stand corrected
The shock in the bullion markets at the end of January left some people wondering if the long-awaited gold bull had met a sudden end.What caused the US$10 drop was an announcement from the Federal Ope…
Diamonds in Canada
The chances of finding a diamond mine in Canada are much greater than in the rest of the world, according to Robert Boyd, president and CEO of Ashton Mining of Canada, who spoke at the recent Cordille…
Inca Pacific to consolidate Magistral
Vancouver — Inca Pacific Resources (IP-V) has inked a deal to purchase Anaconda Peru’s 51% interest in the Magistr…
Gold-Ore outlines drill targets at Yuscaran
Vancouver — Gold-Ore Resources (GOZ-T) is gearing up to drill its Yuscaran gold-silver project in eastern Honduras…
IMA continues Navidad celebration
An ongoing drill program at the Navidad polymetallic property in Argentina has returned the highest silver grades y…
Falconbridge’s earnings quadruple
Higher nickel, copper and zinc prices sent Falconbridge’s (FL-T) earnings soaring during the final three months of…