Editorial: We’ll think no more of Inco…
October marked the beginning of a new era for Canadian mining, with the absorption of the iconic Canadian nickel mi…
Canada
Crew buys Nugget Pond for Nalunaq ore (October 30, 2006)
Crew Gold (CRU-T, CRUGF-O) has struck a deal to buy the dormant Nugget Pond gold mill in Newfoundland from New Isla…
Blue Note dusts off Caribou
Bathurst, N.B. — The dormant Caribou and Restigouche zinc-lead mines in northern New Brunswick are once again getting a new lease on life, thanks to robust metal prices and strong investor confidence…
More reward than risk at Kutcho Creek
Dease Lake, B.C. — The Kutcho Creek volcanogenic massive sulphide (VMS) project located 100 km east of this Northern community made it to prefeasibility in the mid-1980s, only to be put on the back b…
Gahcho Ku on path to production in 2012
With the Snap Lake underground mine in the Northwest Territories and the Victor open-pit operation in northern Ontario already under construction, De Beers, the world’s leading diamond player, is look…
CVRD scoops up 76% of Inco, extends offer (October 30, 2006)
Marking a turning in Canadian mining history, Brazil’s Companhia Vale do Rio Doce (RIO-N) has reported that 174,623,019 shares of Inco (N-T, N-N) have been deposited to its $86-per-share cash offer, r…
Cigar Lake flooded
Vancouver — Mine development at Cameco’s (CCO-T, CCJ-N) 50%-owned Cigar Lake uranium project in the Athabasca basin of northern Saskatchewan was dealt a blow recently, when a rock fall caused major f…
Zinc recycling in the North (October 30, 2006)
Doubtless helped by the price of zinc, two former Arctic zinc producers, both operated by Cominco, are getting second looks by junior explorers bent on showing that resources left behind when the mine…
UEX delivers hot uranium hole from Hidden Bay (October 30, 2006)
Vancouver — Drilling by UEX (UEX-T, UEXCF-O) on its Raven-Horseshoe deposit, situated on the Hidden Bay property in Saskatchewan’s Athabasca basin, intersected the highest-grade uranium values encoun…
St Andrew buys Holloway assets from Newmont
St Andrew Goldfields (SAS-T, SASXF-O) has agreed to buy subsidiary Holloway Mining from Newmont Mining (NMC-T, NEM-N), moving the Holloway and Holt-McDermott mines and a large land package into the St…
Campbell offering held up
A rights offering by Campbell Resources (CCH-T, CBLRF-O) to assist the restructuring of the financially troubled company is ready, its final prospectus having been approved by securities regulators. B…
Pardo trenching delivers significant values for Endurance
Vancouver — Trenching by Endurance Gold (EDG-V) on its Pardo property, located 65 km northeast of Sudbury in northern Ontario, has returned a significant interval of gold mineralization.