News

Under a Canadian court action, the sale of Glimmer Resources (GME-V) may proceed.The General Division of the Ontario Court ruled that the right of first refusal in the Glimmer mine joint-Venture agree…

Mountain View Ventures (MVI-V) has changed its name to Blackrun Ventures (BKV-V) on a 1-New-for-4-old-share basis.

Colin Macaulay, a former vice-Chairman of Rio Algom, has died. He was 66.Born in Montreal, Que., Macaulay graduated from McGill University’s engineering program with a bachelor’s degree in 1954 and a …

Almazy Rosii-Sakha, Russia’s largest producer and exporter of rough diamonds, has formed a company to develop kimberlite pipes in the Nyurba district of Yakutia.Alrosa-Nyurba was set up to mine two di…

South African mining house Gencor has joined with Aber Resources (ABZ-T) to explore that company’s Kuujjua nickel project on Victoria Island in the Northwest Territories.Gencor can earn a half interes…

The Vancouver Stock Exchange composite index closed up six points at 809.45 over the report period ended July 29, for a 0.7% gain. The mining index followed suit, rising 6.09 points, or 0.8%, to finis…

Although the nickel values remain uneconomic, NDT Ventures (NDE-V) is encouraged by the latest drill data from its projects in Labrador.On Project 11-3, a joint venture with Essex Resource (ESX-V), ho…

GeoNova Explorations (GNE-M) has boosted by 33% the estimated resource of the Discovery zone at its contiguous Desjardins and Borduas-Martel gold properties, 45 km north of Lebel-sur-Quvillon in north…

Toronto-based diamond producer United Reef (URP-T) has sold 1,440.5 carats of diamonds from its Mbala mine in the Central African Republic (C.A.R.) for just under US$300,000.The average selling price …