Promising drill results at Typhoon’s Fayolle
A 10-metre intercept averaged 7.14 grams gold per tonne at Typhoon Exploration’s (TYP-V) 100%-owned Fayolle gold project in Quebec’s Abitibi region.
Canada
Quadra FNX posts record earnings in 2010 (March 21, 2011)
Quadra Mining successfully completed its merger with FNX Mining in May 2010 and judging by the combined company’s earnings last year, the blend into Quadra FNX Mining (QUX-T) has been a success so far, with a little help from surging copper…
High-grade hits for Temex in Timmins
Exploration drilling on the 6 Vein area of the Upper Hallnor mine in Ontario’s Timmins camp has returned wide core lengths of gold mineralization, Temex Resources (TME-V) says, with 9.97 grams gold per tonne over 6.7 metres including 66 grams…
Copper Canyon ‘very pleased’ with sweetened NovaGold bid (March 21, 2011)
Just one month after dismissing the Dec. 20, 2010, takeover bid of joint venture partner NovaGold Resources (NG-T, NG-X) as “inadequate,” and only one week after suing it for allegedly failing to honour certain terms of the JV contract, the…
Problems plague Century’s Lamaque mine (March 21, 2011)
A failed cone crusher was the latest of several setbacks over the past year at Century Mining’s (CMM-V) Lamaque underground gold mine in Val d’Or, Que. The loss of the crusher shut down the Lamaque mill for nine days in February, and along with…
Tata invests in New Millennium Capital
Tata Steel of India has joined the ranks of foreign steelmakers trying to nail down long-term iron ore supply in Canada. The South Asian steel giant has signed a binding agreement with New Millennium Capital (NML-V) to develop the…
White Tiger curls up with cash-strapped Century Mining (March 18, 2011)
Vancouver – Financially troubled gold producer Century Mining (cmm-v) has agreed to an all-share takeover bid by White Tiger Gold (wtg-t), a newly listed gold miner 74% controlled by Russian mining promoter Maxim Finskiy. Century has struggled…
Federal government invests in ‘CAT scan for the earth’
Vancouver – The federal government of Canada has announced it is providing $1.8 million in funding for a new cutting-edge geophysical survey technology from Vancouver called muon geotomography. Developed by University of British Columbia…
Long intercept lifts Prodigy (March 17, 2011)
Prodigy Gold (PDG-V) continues to hit significant gold intercepts as it drives to push its Magino Mine gold project back into production. The latest results from infill drilling were highlighted by a long intercept of 261 metres grading 1.13…
Fraser Institute: Latin America trails peers as mining destination (March 16, 2011)
Vancouver – Government policies of Latin American countries such as Guatemala, Bolivia, Venezuela and Honduras have dragged down investment in the entire region according to the Fraser Institute’s Annual Survey of Mining Companies for 2010/11….
Gold Canyon brings the good news on a dark day for markets
Gold Canyon Resources (GCU-V) found some light on an otherwise cloudy day for markets as it struck a significant amount of gold near Red Lake.
People (March 14, 2011)
Colossus Minerals – Steven Poad resigned as CFO; Claudio Mancuso appointed CFO.