Positive metallurgical results for First Point’s Decar
Vancouver – Concept is slowly becoming reality at First Point Minerals’ (FPX-V) unusual nickel project in central British Columbia, with encouraging metallurgical results the latest boost.
Canada
Bayfield insiders sell as Rainy River area play overheats
Vancouver – A 400-metre by 800-metre claim block on the eastern side of Rainy River Resources (rr-t) flagship gold project in northwestern Ontario is causing a big commotion over at Bayfield Ventures (byv-v).
Champion Minerals shares jump after shareholder rights plan
As rumours swirl that Champion Minerals (CHM-T) might become a takeover target for Arcelor Mittal (MT-N), the junior has adopted a shareholder rights plan. The news sent the company’s shares up 20% or 30¢ apiece on July 4 to close at $1.80.
Venture ends almost even in June 27-30 period
Vancouver – A shortened June 27 to 30 trading period had the S&P TSX Venture Exchange Index swinging down almost 40 points in the first half before rebounding almost as much in the latter half and ending almost even, down just over a point…
Trevali on the path to production
In the last few months Trevali Mining (TV-T) has expanded its resource base, changed its name, closed a $10-million financing, and listed on the Lima Stock Exchange. Now, it’s working to get two mines into production over the next 12 months.
Mining Association of BC donates $125,000 for First Nations language renewal
The First Peoples’ Cultural Foundation (FPCF) will receive $125,000 over three years from the Mining Association of B.C. (MABC) to assist with the documentation and renewal of endangered First Nations languages in the province.
Suppliers news
Vale awards $600M contract for Long Harbour
Aurizon expands Hosco resource
Drilling between April 2010 and January 2011 has boosted measured and indicated in-pit resources by 31% at Aurizon Mines’ (ARZ-T, AZK-X) Hosco deposit, part of the gold producer’s Joanna project in northwestern Quebec.
Premier Gold takes out Hardrock JV partner
Ewan Downie’s Premier Gold Mines (PG-T) is taking full control of the Hardrock gold project near Geraldton in northwestern Ontario, in which it owns a 70% interest. The company will acquire the remaining 30% by taking over joint-venture-partner…
Taseko posts Q1 profits, new mine plan
Taseko Mines (TKO-T, TGB-X) saw higher first-quarter profits compared to last year, but still fell below the market’s expectations.
Canada Lithium rebounds
Canada Lithium (CLQ-T) is ready to move on from a shrinking-resource fiasco at its Quebec Lithium project near Val d’Or, Que., and has recently tabled an updated feasibility study of the project that shows it is still viable.
Market unimpressed with Rubicon’s PEA for F2
Rubicon Minerals (RMX-T, RBY-X) fell $1.12 or 23.9% to close at $3.56 per share with more than 4 million shares traded in Toronto after the company released a preliminary economic assessment of its 100%-owned F2 gold system, part of its Phoenix…