News


Dispute filed in Saskatchewan

James Parres, president of CopperQuest (COPQ-C), has filed a lawsuit against Ipsco, a Regina-based steel firm, over rights to ground south of Choiceland, Sask., believed to be prospective for diamonds…



William tightens belt in Europe, South America

Mid-tier gold producer William Resources (WIM-T) is implementing an operating plan designed to trim its European output and suspend South American production.At its flagship Bjorkdal open-pit mine in …


Barrick leaves Chesbar on its own

Barrick Gold (ABX-T) has advised Chesbar Resources (CBI-M) that it will not proceed with further investment in the company and will therefore forfeit its rights at the junior’s gold properties in the …


Falconbridge eyes Darnley Bay anomaly

Subject to due diligence and the approval of the Inuvialuit people of the western Arctic, Falconbridge (FL-T) plans to participate in the ground evaluation program of the Darnley Bay anomaly at Paulat…


Franco-Nevada picks up 25% of Inco VBN

Somebody, at least, is prepared to invest in nickel mining in Labrador: Franco-Nevada Mining (FN-T) has purchased just over 25% of the VBN shares of nickel producer Inco (N-T).The $50-million deal giv…



More high-grade zinc at Bongara

Stepping out from known mineralization at the Bongara zinc property in northern Peru, partners Cominco (CLT-T) and Solitario Resources (SLR-T) have encountered more high-grade zinc.Some 500 metres nor…



Maude Lake raises funds

Over the past three months, Montreal-based junior Maude Lake Exploration (MAU-M) has secured $200,000 from various provincial government bodies and pension funds.In August, Sodemex and Sodemex II each…


DIAMONDS — The Tli Kwi Cho fiasco

In the end, quality — not quantity — determines the economics of a diamond-bearing kimberlite. If the diamonds can’t be marketed as gems, the deposit — no matter how high-grade — is virtually wort…


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