Donner, N. Abitibi hit Labrador nickel
Drilling on the South Voisey’s Bay property in Labrador has returned three separate narrow zones of massive sulphide mineralization for equal partners Northern Abitibi Mining (NAI-A) and Donner Resour…
News
STOCK MARKET — TSE robust despite poor showings by golds, base metals — Positive results boost value of SouthernEra; royalty sisters Euro and Franco hold steady
The Toronto Stock Exchange shifted into high gear over the report period ended Oct. 7, setting records on each of the five trading days. The TSE 300 index closed the week at 7,209.93 for a gain of 169…
Wheaton turns its attention to Costa Rica
Toronto-based Wheaton River Minerals (WRM-T) has added nearly 2 million oz.to its gold mineral base by acquiring the Bellavista gold project in Costa Rica from Minera Rayrock (MRN.Z-T).Wheaton conclud…
First Quantum to acquire International Ballater
Copper producer First Quantum Minerals (FM-V) will acquire junior gold producer International Ballater Resources (IBA-V).Under terms of the deal, which is expected to close in December, one Quantum sh…
Crew Development picks up Zambian copper-cobalt mine
The Canadian-South African Consortium, in which Crew Development (CRU-T) holds a 48% direct and indirect interest, has acquired the Chibuluma copper-cobalt project from state-owned Zambia Consolidated…
Birch Mountain hits sulphides at Swift River
Drilling at Birch Mountain Resources’ (BMD-A) 12,000-ha Swift River property in southern Yukon has encountered sulphide mineralization in three of nine drill holes.Last summer’s exploration program in…
Cambior, Golden Star boost reserves at Gross Rosebel — Resource figures climb at La Arena project
Once again, Cambior (CBJ-T) and partner Golden Star Resources (GSC-T) have increased the reserve estimate at their Gross Rosebel gold project in Suriname, South America, by almost one-third.The Gross …
Romarco drills new gold-silver veins at Midas project in Nevada
Exploration drilling by Romarco Minerals (R-T) on the Belnap claims of its wholly owned Midas project in Nevada has encountered two new high-grade gold-silver veins.The new veins are known as Footwall…
DIAMOND BRIEFS — DiamondWorks sells gems for US$3.1 million
Vancouver-based DiamondWorks (DMW-T) has received more than US$3.1 million from the sale of its first parcel of diamonds from the Luo diamond mine in northeastern Angola.The parcel, sold in Antwerp, B…
MOST ACTIVE ISSUES, Oct. 1-7
ExchgVol(000’sCloseCross Lake MnrV87871.33Placer DomeT…
World exploration salaries at comparable levels
A survey suggests that salaries for those employed in the upper levels of exploration are consistent throughout many countries that have a substantial mining industry.Salaries for exploration professi…
DIAMOND PAGE — SouthernEra confirms Marsfontein diamond grades
Assays of a bulk sample taken from the M-1 kimberlite pipe on the Marsfontein farm at the Klipspringer project in South Africa have confirmed earlier grade estimates, reports SouthernEra Resources (SU…