Canada

Prophecy Platinum starts winter drill program at Wellgreen

Burwash Landing, Yukon – Fifteen km off the paved Alaska Highway in southwestern Yukon, the Wellgreen nickel-copper-PGM project sits largely as it has since 1973, when Hudson-Yukon Mining abandoned underground mining there after one year of…


Mine expansion approved at Huckleberry

The board of Huckleberry Mines, in which Imperial Metals (III-T) holds a 50% stake and a consortium of Asian companies (Materials Corp., Marubeni Corp., Dowa Mining Co. and Furukawa Co.) owns the remainder, has approved a plan to extend the…


Venture ends 2011 at under 1,500 points

The S&P TSX Venture Composite Index managed a modest year-end rally of 77.27 points over the holiday-spanning December 21-30 trading period, bringing the index to a year-end close of 1,484.66 points. In comparison, at the end of 2010 the…


Independence Gold advances 19 properties in B.C., Yukon

With $15 million in the till, newly listed Independence Gold (IGO-V) is looking to recreate past success in British Columbia and the Yukon searching for gold and silver. The company was spun out of Randy Turner’s former Silver Quest Resources…


Xstrata works to expand Canadian footprint

After a decade of expansion through mergers and acquisitions, diversified Swiss miner Xstrata (XTA-L) is turning to organic growth to provide its next generation of mines and to increase production through the expansion of others.


Brigus grows Black Fox

Brigus Gold (BRD-T, BRD-X) has added to its gold resource at the Black Fox complex in Timmins, Ont., and reported an initial resource estimate exceeding half a million oz. gold for its 147 and Contact zones. 



Thompson Creek raises $270M with gold stream sale

Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan copper-gold project in B.C. to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two mines under…


The road to the exploration camp at First Point Minerals' Decar nickel-iron alloy project in central British Columbia. Photo by Matthew Allan

First Point’s Decar takes shape

First Point Minerals (FPX-V) has released encouraging assays from the first nine of 36 holes from the 2011 drill program at its flagship Decar nickel-iron alloy project in central B.C.


People

Arianne Resources – Lucie Hébert resigned as CFO; Luc Boivin appointed interim CFO.


Matamec signs MOU with Toyota Tsusho on Kipawa

Shares of Matamec Explorations (MAT-V) have taken off following the junior’s announcement that it signed a memorandum of understanding with the trading arm of Toyota Motor Group to fast track the development of its Kipawa rare earth deposit in…


CaNickel cuts back operations

CaNickel Mining (CML-T) is scaling back operations at its Bucko Lake mine near Wabowden in Manitoba due to “unfavourable” nickel prices, the company has announced.


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