Canarc withdraws from buying Relief Canyon
Following a due diligence review of Firstgold’s bankrupt Relief Canyon gold mine in Nevada, Canarc Resource (ccm-t) has decided not to proceed with a US$11-million acquisition.
News
Oyu Tolgoi to produce 3 million oz. silver a year
With silver prices cruising to new heights, investor interest in the massive Oyu Tolgoi copper-gold project in Mongolia has “prompted” Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) to “more widely circulate the projections for silver production that have…
Golden resource at Richfield’s Blackwater (March 02, 2011)
Vancouver – After months of encouraging drill results Richfield Ventures (RVC-V) has established a multi-million oz. gold resource at its Blackwater gold project in central British Columbia.
Quadra FNX posts record earnings in 2010 (March 02, 2011)
Quadra Mining successfully completed its merger with FNX Mining in May 2010 and judging by the combined company’s earnings last year, the blend into Quadra FNX Mining (QUX-T) has been quite a success so far, with a little help from…
DRC lifts mining ban
The Democratic Republic of the Congo will lift a ban on mining in its eastern provinces that it imposed in September to try to cut off funding to armed groups. The decision came just one day after an attack against the Kinshasa residence of…
High-grade intersects for Temex Resources in Timmins
Exploration drilling on the 6 Vein area of the Upper Hallnor mine has returned wide core lengths of gold mineralization, Temex Resources (TME-V) says, with 9.97 grams gold per tonne over 6.70 metres including 66 grams gold over 0.8 metre (hole…
Manitou jumps on ultra high grade gold intercept
Vancouver – Shares of Manitou Gold (MTU-V) were on a tear after the company released a drill hole with staggering grades from its Kenwest property in northwestern Ontario.
Candente working to both advance and sell Canariaco Norte
Vancouver – Having sharply cut back operations during the downturn, Candente Copper (DNT-T) is coming back to life with a completed prefeasibility study, an updated resource and a new financing.
Euromax reports 2.1 million oz. gold resource in Bulgaria
Earlier this month Euromax Resources (EOX-V) released its first National Instrument 43-101 resource estimate on the Logo gold prospect at its 100%-owned Trun project in Bulgaria.
Venture stumbles in Feb. 22-25 week
Vancouver – A shortened week filled with fluctuating oil prices and mid-east unrest saw the S&P TSX Venture Exchange drop 48.06 points between Feb. 22 and 25 to close at 2,375.62 as two days of losses outweighed two days of gains.
Pebble PEA makes a big splash (February 28, 2011)
Vancouver – February was a busy month for Northern Dynasty Minerals (NDM-T, NAK-X) and Anglo American (AAL-L) at their gigantic Pebble copper-gold-molybdenum project in southwest Alaska, said by many to be one of the largest undeveloped…
Equinox makes surprise bid for Lundin (February 28, 2011)
A hostile bid by Equinox Minerals (EQN-T, EQN-A) for Lundin Mining worth about $4.8 billion in cash and shares could derail a friendly merger proposed between Lundin and Inmet Mining (IMN-T, IEMF-O) that is scheduled for a shareholder vote on…