News

Conquest Resources (CQR-V) and partner Trade Winds Ventures (TWD-V) have begun drilling at the Aurora gold property in the Detour Lake camp of northeastern Ontario.

Vancouver — A preliminary economic assessment of NovaGold Resources‘ (NG-T) Galore Creek project, in the Stikine gold belt of northwestern British Columbia, envisions an open-pit operation capable of mining 30,000 tonnes per da…

The report period has been reduced to two days this issue because The Northern Miner office is moving. The Aug. 10-11 period saw the price of gold close down US$5.15 at US$393.85 per oz. in the afternoon in London.

Drilling by Wolfden Resources (WLF-T) at the Ulu gold deposit in western Nunavut has indicated the mineralization could extend updip and downdip from known mineralized zones.

The costs of a failed merger plan with Wheaton River Minerals and a takeover fight with Golden Star Resources added up to corporate charges of US$5.7 million, which nearly wiped out second-quarter profits at Iamgold (IMG-T).

With big increases in metal prices pumping up its top line, Sherritt International (S-T) posted record earnings in its second quarter.

Seasonal malaise and lack of interest in the TSX-Venture junior market once again resulted in a weakening of the index with sagging volumes.

Vancouver — Through a private placement, Bema Gold (BGO-T), is investing $4 million in Victoria Resource (VIT-V), thereby raising its stake in the company to 33% from 30%.