News

Drilling by Golden Valley Mines (GZZ-V) at the West Shoot Out nickel-copper prospect in the Ungava Peninsula of Quebec has cut a significant width of disseminated-to-massive-sulphide mineralization.

Vancouver — Goldbrook Ventures (GBK-V) has confirmed the presence of high grades of nickel, copper and platinum group elements in core pulled from the Getty zone of the Belanger property in northern Quebec.

Alexis Minerals (AMC-V) is encouraged by gold and copper results from channel sampling on the Oramaque property, east of Val d’Or, Que.

The following insider trading transactions were reported by the Ontario Securities Commission in recent issues of the OSC Bulletin:…

Specialty and light-metals company Timminco (TIM-T) has added silicon metal and ferro-silicon to its mix of products by acquiring Quebec-based Bcancour Silicon.

Canadian Royalties (CZZ-T) has released a new resource estimate for the Lac Mequillon nickel-copper deposit in the Ungava district of Quebec.

Conversion of resources to reserves and a revision of economic cutoff grades have boosted reserves at the Tarkwa-Damang gold operation in Ghana.

BHP Billiton (BHP-N) has negotiated iron ore sale commitments from four Chinese steel mills. The commitments have a potential value of US$3.2 billion over the next 10 years.

Canadian Zinc (CZN-T) has intersected high-grade zinc, lead and silver at the Prairie Creek mine project in the Northwest Territories.

Bateman to design circuit…

Golden Star Resources (GSL-T) has transferred its production royalty on the Rosebel gold mine in Suriname to 52.8%-owned subsidiary Guyanor Ressources (GRL.B-T) in return for US$12 million in cash.