SETTING NEW STANDARDS — The CIM definitions
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) is considering modifications to its classification system for defining the various categories of reserves and resources.The modifications…
News
Huge South African gold project could double Placer Dome reserves — US$235m deal part of plan to boost company to No. 1, says Willson
Placer Dome (PDG-T) has reached an agreement with Johannesburg-based Western Areas to acquire a 50% operating interest in a property in the Witwatersrand district of South Africa.The property contains…
SETTING NEW STANDARDS — Strict national disclosure rules envisioned
“Management is pleased to report drilling at the Golden Glow prospect has intersected minable widths of gold-bearing mineralization.”National Instrument 43-101 and its Companion Policy propose to put …
SETTING NEW STANDARDS — Questions & Answers
Q1.We realize that the final report will not be ready until sometime early next year. However, could you comment on the general response to the report and its key recommendations? Will these comments…
Verena Minerals, Ouro Brasil sign deal
A joint venture between Verena Minerals (VMCO-C) and Ouro Brasil (OOB-V) sets the stage for ongoing exploration of the Conceicao do Norte property, 500 km north-northeast of Brasilia, Brazil.Verena ha…
Black Hawk keeps head above water
Although Black Hawk Mining (BHK-T) reported a loss of US$300,000 on sales of US$8.7 million for the third quarter, the company posted a profit of US$700,000 for the nine months ended Sept. 30.The quar…
William Resources posts quarterly loss
Lower production translated into a third-quarter loss for William Resources (WIM-T).For the three months ended Sept. 30, the company lost $4.2 million (or 7 cents per share) on revenue of $17.9 millio…
SETTING NEW STANDARDS — Twenty (plus) questions for the TSE/OSC Task Force
Interim report deemed on right track, despite some confusion about role of QP Early next year, the Mining Standards Task Force, established by the Toronto Stock Exchange (TSE) and the Ontario Securiti…
Teck eyes Moosehead
In hopes of finding an epithermal gold deposit in the midst of what is now road-accessible moose pasture, Teck (TEK-T) has signed an option agreement to earn up to a 60% interest in the Moosehead prop…
Asia expands Copperstone
Drilling on the Copperstone property in Arizona has extended the high-grade Northwest zone, reports Asia Minerals (AMP-A).The Vancouver-based junior, which has a 25% interest in the project and the op…
DIAMOND PAGE — Kennecott finds more kimberlite in Alberta
The final two targets of this year’s drilling program on the Legend property in northeastern Alberta have proved to be kimberlites, raising to seven the number of bodies found there.Kennecott Canada E…
Atna loses court challenge
The Supreme Court of British Columbia has dismissed a legal challenge by Atna Resources (ATN-T) against the proposed sale of Boliden’s (BOL-T) 60% interest in the Wolverine project to Expatriate Resou…