News

Junior Major General Resources (MGJ-V) continues to search for polymetallic mineralization at its Spider Lake project in northwestern Ontario.Efforts are focused on a high-chargeability and low-resisi…

In 1998, an estimated $236 million was budgeted for worldwide zinc exploration, a 13% decline from the year before. Although exploration budgets are being cut significantly again this year, the relati…

Following a host of mine closings in the copper industry, Phelps Dodge (PD-N) has announced production cuts and restructured its wire and cable business.The Phoenix, Ariz.-based company plans to decre…

The total in situ “global tonnage” resource for the NW Snap Lake kimberlite dyke is estimated at 23.4 million tonnes, with an average vertical thickness of 2.44 metres.Snap Lake is part of the Camsell…

Cambior (CBJ-T) subsidiary Cambiex Exploration (CBX-T) is acquiring Broken Hill Proprietary’s (BHP-N) Hope Bay gold properties in western Nunavut.Cambiex will pay US$23 million in four stage…

Banro Resource (BNRS-C) reports that two employees from its Congolese subsidiary and two attorneys from Banro’s legal advisor, Mitchell and Associates, were charged with “high treason” in the Democrat…

The Ekati diamond mine in the Northwest Territories is operating at full capacity of 250,000 carats per month, with 308,000 carats having been produced in May alone.BHP Diamonds, a subsidiary of Broke…

It’s hard to imagine why any investor would sell shares at discounted prices when they could easily realize better prices on the open market. Yet enough are selling to keep a Phoenix-based firm busy e…