New Pacific sees lift on HNK drilling
A new high-grade gold vein assaying well into the double digits on New Pacific Metals’ (NUX-V, NUXFF-O) HNK property in Guangdong province, China, pushed its shares up 40% recently.
2008
Proposed mines showing robust economics
The week ended April 5, the fourteenth trading week of 2008, started off on a high note, with a positive new economic study of the top Canadian gold play of the past year: Osisko Exploration’s wholly …
Miners must prepare for new accounting standards
The issue of International Financial Reporting Standards (IFRS) has been on the radar in Canada for a number of years, and it’s been an issue simmering on the back burner for many companies. However, …
PEOPLE (April 14, 2008)
Apella Resources — Mehmet Taner appointed to the geological advisory committee.
Aker Solutions to take on Palmarejo mine
Norwegian engineering and construction company Aker Solutions has been contracted to perform construction management at Coeur d’Alene Mines’ (CDM-T, CDE-N) Palmarejo project.
Zaruma links deposits at Luz del Cobre
If copper mineralization at Zaruma Resources’ (ZMR-T, ZMRAF-O) Luz del Cobre deposit, in Sonora, Mexico, keeps expanding, the company could extend the project’s mine life beyond its current five to si…
Crescent seeks Paraguay uranium
Between 1976 and 1983, Anschutz Corp., a private, Denver, Colo.- based U. S. oil company and its joint-venture partners Korea Electric Power and Taiwan Power Co. spent roughly US$30 million evaluating…
M3 hired to conduct El Creston feasibility
International engineering firm M3 Engineering and Technology has signed a contract with Creston Moly (CMS-V, CMSJF-O) to complete a bankable feasibility study for the company’s El Creston molybdenum d…
SPOT PRICES (April 14, 2008)
COURTESY OF SCOTIABANK
Valencia upgrades Cachinal silver project
A review of different scenarios, metal prices, designs and operating cost assumptions based on a new resource estimate for the Cachinal silver project, in Chile, indicates a “reasonable prospect” for …
Bannerman plans production by 2011
With questions over the ability of juniors to bring on new supply seen as a significant factor in continuing high uranium prices, Bannerman Resources (BAN-T, BMN-A) is looking to distinguish itself fr…
U. S. MARKETS APRIL 1-7
While the April 1-7 trading period was, overall, a good one for U. S. markets, news that minutes from a Federal Reserve meeting predicted a deepening and protracted economic downturn in the country we…