U3O8 advances drilling in Guyana
U3O8 Corp. (UWE-V, UTREF-O) has begun the third phase of drilling at its Aricheng South uranium deposit in Guyana with hopes that there’s enough mineralization to warrant a resource estimate.
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Rainy River reveals major gold resource
VANCOUVER — Rainy River Resources (RR-V, RRFFF-O) has calculated its first resource estimate for its namesake gold project, roughly 80 km south of Kenora, in northwestern Ontario.
Barrick, Goldcorp forecast US$2.7B to build Pueblo Viejo
ThePuebloViejo gold-silver project in the Dominican Republic could be Barrick Gold’s (ABX-T, ABX-N) most expensive development project yet, with a total projected price tag of US$2.7 billion.
PRODUCER AND DEALER PRICES (March 10, 2008)
Antimony: Mid-mkt US$5,950/t.
DAILY METAL PRICES (March 10, 2008)
Date March 3 Feb. 29 Feb. 28 Feb. 27 Feb. 16 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2820/2815 2741/2785 2710/2750 2715/2755 2560/2…
Correction (March 10, 2008)
As part of Barrick Gold’s (ABX-T, ABX-N) US$1.7-billlion agreement to purchase Rio Tinto’s (RTP-N) 40% interest in the Cortez joint venture in Nevada, there is a further lump-sum payment of US$50 mill…
Western Uranium tables Kings Valley resource
VANCOUVER — An initial resource estimate for Western Uranium’s (WUC-V, WURNF-O)Kings Valley project in northwestern Nevada reviews roughly 4.8 million contained pounds U3O8 hosted in three zones.
Report examines growth of China’s steel industry
A report on the Chinese steel industry, detailing the first three quarters of 2007, is now available from Dublin, Ireland-based research firm Research and Markets.
TSX VENTURE EXCHANGE (March 10, 2008)
As gold moved in on US$1,000 per oz. and other metals remained strong, the junior mining- dominated S&P-TSX Venture Composite Index climbed 108.33 points to close the Feb. 26-March 3 trading sessi…
LME WAREHOUSE LEVELS (March 10, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 4, 2008 (change from Feb. 26 in brackets):
Canadian Arrow says Kenbridge economic
The average cost to produce a pound of nickel at the Kenbridge nickel project in northwestern Ontario, net of byproduct credits for copper, will be about C$4.89 per lb. — well below nickel’s current …
Artisanal miners make big gold find in Mali
Artisanal miners in Mali have found a 2.7- kg gold nugget on property licensed to African Gold Group.