Crown Butte swaps New World for federal assets
After lengthy negotiations with the U.S. government, Crown Butte Resources (CBL-T) has agreed in principle to a land exchange that would block further development of the US$100-million New World gold …
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Arequipa intensifies drilling as Barrick waits
Junior Arequipa Resources (AQP-T) has stepped up its drill program in the hope that more geological information will help directors and shareholders assess the takeover offer from Barrick Resources (A…
United Keno on track to reopen Yukon silver mines
Positive exploration results from the Elsa properties in the Yukon are bringing United Keno Hill Mines (UKH-T) one step closer to resuming production.The properties, situated 280 miles north of Whiteh…
Drilling under way near Detour Lake
Gowest Amalgamated Resources (GWA-A) has begun drilling on its property near the Detour Lake mine in northeastern Ontario. Early results from the program, which is being supervised by Placer Dome (PDG…
Caledonia calculates Nama resource
Following the recent flurry of drilling on its Nama project, Caledonia Mining (CAL-T) has announced a reserve calculation for one of its cobalt-copper deposits in Zambia.The company reports a prelimin…
Date set for acquisition of DFR
The end of Diamond Fields Resources (DFR-T) is in sight.The closing date for the acquisition of DFR by Inco (N-T) has been set for Wednesday, Aug. 21. DFR shareholders have until 5 p.m. on the precedi…
METALS COMMENTARY — Nickel analysts glued to Baywatch
The potential impact of more than 122,000 tonnes per year of Voisey’s Bay nickel production by the turn of the century has nickel analysts focusing their attention on the small, isolated inlet on the …
Atlas eyes polymetallic producers in Bolivia
In hopes of regaining its producer status, Atlas (AZ-N) plans to buy four mines in Bolivia.The company signed a letter of intent to acquire Arisur, a joint venture company owned by Arimetco Internatio…
Juniors eye African copper-cobalt
Zaire ‘s copper and cobalt potential will be explored by two Canadian juniors in partnership with La Generale des Carrieres et des Mines (GECAMINES).As part of a preliminary agreement with Trillion Re…
BHP to manage Increible gold prospect in Venezuela
The Increible gold property of Bard Silver & Gold (BDS-V) is now being managed by Australian mining giant BHP Minerals, following the major ‘s agreement with Bard and Venezuela-based Greenwich Resourc…
Altai explores Philippine project
Junior Altai Resources (ATI-T) is testing the potential of the Mabulao copper-gold property in the past-producing Paracale gold camp, 200 km south of Manila in the Philippines.The camp has recorded pr…
Low copper prices force Similco closure
Once again, the Similco open-pit copper mine in southern British Columbia is forced to shut down as a result of weak copper prices.Princeton Mining (PMC-T) plans to suspend operations in December, thr…