Adanac Avoids ‘Fire-Sale’ For Now
VANCOUVER — With more than US$80 million owed on a bridge loan maturing Jan. 31, and about $100 million committed to construction of its Ruby Creek molybdenum project, but only $16 million in the ban…
Canada
Avalon Gets Top Drill Grades From Lake Zone
Avalon Ventures (AVL-T, AVVTF-O) set out to define the eastern, southern and western margins of the Lake zone at its Thor Lake rare metals project near Yellowknife, N. W. T. But encouraging drill resu…
Updated Scoping Study Beefs Up Canarc’s New Polaris
Work on a preliminary assessment for the New Polaris gold project, in northwestern B. C., has yielded improved economics for owner Canarc Resource (CCM-T, CRCUF-O).
Columbia Yukon Casts Wider Net
A set of seven drill holes from the Storie molybdenum deposit, near Cassiar in northern British Columbia, point to expansion potential for Columbia Yukon Explorations (CYU-V, CYUXF-O).
Strongbow To Tally Nickel King Resource
In September, Strongbow Exploration (SBW-V, SBWFF-O) received assay results for the final 14 holes of its 2008 drill program at its Nickel King project in the Northwest Territories.
Monument Starts To Sparkle For New Nadina
VANCOUVER — Drill results from the Monument diamond project in the Northwest Territories point to the possibility of finding sizable stones, say its joint-venture owners.
Bard Awaits Lone Pine Moly Resource
As Bard Ventures (CBS-V, BVTLF-O) awaits a resource estimate for its Lone Pine molybdenum project, 15 kmnorthwest of Houston, B. C., the company has received initial metallurgical testing results.
Alexco Rises On Silver Wheaton Payment
VANCOUVER — On news that it received its first US$15-million payment from Silver Wheaton (SLW-T, SLW-N) in December, Alexco Resource (AXR-T, AXU-X) got a nice share price lift from investors who know…
Cost-Cutting Delays Rio Tinto’s Move Underground At Diavik Until Q3
In December, Rio Tinto (RTP-N, RIO-L) said it would cut jobs and spending and sell non-core assets to manage its roughly US$39-billion debt load and the aftershocks are being felt everywhere — includ…
Hawthorne Gold Bullish On Taurus
Hawthorne Gold (HGC-V, HWTHF-O) is boosting its gold resources by buying American Bonanza Gold’s (BZA-T, ABGFF-O) Taurus gold deposit near Cassiar, in British Columbia.
Dip In Dollar Good For Fortune
The drop in the Canadian dollar is good news for Fortune Minerals’ (FT-T, FTMDF-O) Lost Fox deposit at its Mount Klappan anthracite coal project, located 330 km northeast of Prince Rupert, B. C.
Teck Slashes Jobs, Coal Production
VANCOUVER– Another day, another announcement of job and production cuts: Teck (TCK. B-T, TCK-N) is letting go of 1,400 workers and reducing its 2009 coal production target to 20 million tonnes.