Franco-Nevada swallows Redstone
Franco-Nevada Mining (TSE) has succeeded in taking over Redstone Resources, its major shareholder.Franco offered Redstone shareholders one Franco-Nevada common share for every 20 Redstone shares held….
News
Breakwater, Noranda ink deal on zinc property
Noranda Mining & Exploration, a division of Noranda (TSE), has signed a deal with Breakwater Resources (TSE) for a majority share of Breakwater’s Cadieux zinc property.Noranda can earn a 51% stake in …
Gold Reserve ups Brisas Resource
Spokane-based Gold Reserve has increased the geological resource at its Brisas concession in Venezuela’s Kilometre 88 district.The addition of 631,000 oz. gold and 83 million lb. copper brings the tot…
Nuclear waste topic of AECL hearings
Atomic Energy of Canada’s proposals for managing the disposal of nuclear fuel waste will receive public hearings in Ontario in March, April and May.Phase I hearings will take place in Toronto and Pick…
Rates to be discussed at meeting
Discount rates used in mineral project evaluation will be the topic of discussion at the Feb. 22 meeting of the Mineral Economics Society of the Toronto branch of the Canadian Institute of Mining, Met…
Arequipa enlarges surface area of gold zone
Test-pitting at the Pierina property in the northern Peruvian province of Ancash has enlarged the surface area of a potential ore-grade gold zone.In a second phase of sampling, Arequipa Resources (TSE…
Castle Mountain continues profitability
The Castle Mountain open-pit, heap-leach mine and mill in San Bernardino Cty., Calif., continue to pump out cash for Viceroy Resources (TSE) and MK Fold (NASDAQ), 75-25 owners of the project. The mine…
Yanacocha mine pours millionth oz. of gold
Newmont Gold (NYSE) and its partners at Minera Yanacocha in Peru have poured their one-millionth ounce of the yellow metal.The open-pit, heap-leach mine, 375 miles north of Lima, started up in August …
Construction nears end at Moris gold mine
The Moris gold mine in the Mexican state of Chihuahua is scheduled to enter production by the end of February.Manhattan Minerals (VSE) is putting the finishing touches on its newly constructed open-pi…
Bresea enters joint ventures
The pace of land acquisition in Indonesia appears to be picking up, as more and more Canadian companies strike deals in this latest hot spot of exploration.One company, Bresea Resources (ME), recently…
Newminex drills Newfoundland base metal property
Newfoundland Mining & Exploration (or Newminex) has hit base-metal mineralization in three of seven holes drilled at its property near past-producing mines in central Newfoundland.Results from the thr…
Cuban drilling yields results for MacDonald
Assays of the latest drill holes at the Golden Hill project in east-central Cuba reveal strong gold mineralization.Half the project is owned jointly by MacDonald Mines Exploration (ASE) and Golden Hil…