Cardero’s Half-Off Sale
VANCOUVER — With a bleak outlook for iron ore markets, Cardero Resource (CDU-T, CDY-X) has announced that it will accept exactly half the original US$200-million sale price for its Pampa de Pongo iro…
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Continental Proves Up Second Deposit In Tibet
VANCOUVER — The main deposit alone made Xietongmen a solid copper-gold project. Now Continental Minerals (KMK-V, KMKCF-O) has more than doubled the property’s resource count with a new deposit just 2…
Avion Flying Fast In West Africa
Avion Resources (AVR-V, AVRCF-O) has managed to beat its own guidance for the first month and a half of production at its Segala gold mine in Mali, and in doing so, has fuelled a remarkable turnaround…
Canadian Exploration Spending Expected To Halve In 2009
VANCOUVER–For a junior to spend even half as much on exploration in Canada this year as compared to last may now be considered pretty normal, if not pretty good.
Capstone Cuts More Copper And Gold At Minto Open Pit
Capstone Mining (CS-T, CSFFF-O) has reported promising results from drilling at its Minto copper-gold-silver mine in the Yukon.
Far West Doubles Santo Domingo’s Size
VANCOUVER — Far West Mining (FWM-T, FWLMF-O) has nearly doubled the size of the Santo Domingo copper-iron project’s resource and announced a breakthrough in iron ore recovery.
US Gold Raises Gold Bar
US Gold (UXG-T, UXG-X) has upped measured and indicated resources at its Gold Bar project in Nevada by 64% after drilling 20 holes in 2008 and incorporating two other deposits with historic drill data…
Alpha To Take Over Foundation In US$2B Coal Merger
The Big fish Alpha Natural Resources (ANR-N) is using the attractive valuations created by the recession to get even bigger with a friendly all-stock takeover bid for Foundation Coal Holdings (FCL-N).
Golden Goose Updates Magino
Golden Goose Resources (GGR-V, GGOSF-O) has tallied a new resource at its wholly owned Magino property, 40 km northwest of Wawa in northern Ontario, and plans to proceed to a feasibility study.
Uracan Cuts More Uranium Along Quebec’s North Shore
Uracan Resources (URC-V, URCFF-O) has intercepted uranium on the Double S zone at its North Shore project in Quebec, extending the known mineralized zone.
Syncrude Works At Reclamation In The Oilsands
Having been one of the earlier entrants into the oilsands in the 1970s, Syncrude, one of the largest oilsands operators, has had some practice with reclamation.
Anti-Mining Bill Heads To Committee
The 20th trading week of the year was marked by the beginning of committee work on one of the more anti-miner bills to move through Canada’s House of Commons in recent years. Bill C-300, also cited as…