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.
News
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).
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).
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.
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…
Fronteer Readies Long Canyon Resource
Fronteer Development Group (FRG-T, FRG-X) has released some strong grades from recent drilling on its 51%-owned Long Canyon gold project, in Elko Cty., Nev., that will be included in an initial resour…
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…
Franco-Nevada Takes On Gold Quarry Royalty
Franco-Nevada (FNV-T, FNNVF-O) has more than US$500 million in cash and other facilities to pay for new investments and the company’s management says it is putting some of it to good use by acquiring …
Avalon Gets Top Drill Grades From Lake Zone
Avalon Ventures (AVL-T, AVVTF-O) set out to define the eastern, southern and western margins of the Lake zone at its Thor Lake rare metals project near Yellowknife, N. W. T. But encouraging drill resu…
Sprott’s Moly Fund Is Done
Falling molybdenum prices have ended the Sprott Molybdenum Participation Corp. (MLY-T) fund.
Monument Starts To Sparkle For New Nadina
VANCOUVER — Drill results from the Monument diamond project in the Northwest Territories point to the possibility of finding sizable stones, say its joint-venture owners.
International Quotes (January 19, 2009)
Australia (A$) Jan 13 Jan 6 Change Bendigo Mining 0.15 0.15 0.00 Kingsgate Cons. 3.36 3.53 -0.17 Lion Selection Ltd 0.75 0.78 -0.03 Newcrest Mining 31.48 31.60 -0.12 …