Moly Mines shelves Spinifex Ridge moly-copper project in Oz
Falling metal prices and a higher Australian dollar have forced Moly Mines (MOL-T, MOL-A) to put on hold its Spinifex Ridge molybdenum-copper project in Western Australia’s Pilbara region.
News
What investors can expect from elections in CAR
After much delay the citizens of the Central African Republic (CAR) are set to head to the polls on Sunday, but the implications for miners in the region are still unclear. Francois Bozize, the current president, is favored to win. Even if he…
Gold-Ore boosts Bjorkdal resource (January 21, 2011)
The overall resource at Gold-Ore Resources’ (GOZ-T) Bjorkdal gold mine in Sweden has grown by over 50% from the last estimate reported in March 2010. Measured and indicated resources for the combined open pit and underground operation totals…
New assays at Borden Lake for Probe Mines (January 21, 2011)
Assay results from the first seven holes of a second-phase drill program at its Borden Lake gold project near Chapleau, Ontario have extended the gold zone about 300 metres northwest of previous drilling, Probe Mines (PRB-V) reports.
Lucara in $60m financing for African diamond projects
Vancouver – With two diamond projects in the pipeline, Lucara Diamond (LUC-V) has announced a $60 million private placement to help move them forward.
Aldridge likes what it sees at Papua New Guinea discovery
When Aldridge Minerals (AGM-V) acquired a 450 sq. km license in Papua New Guinea in February 2009, it fielded three requests from majors to joint-venture the property even before any samples were taken.
Rockgate boots grade and tonnage at Falea
Vancouver – Rockgate Capital (RGT-T) has significantly boosted the size and grade of the uranium and silver resource in its Falea project in southwest Mali with a resource update.
Sunridge posts strong assay results in Eritrea
Sunridge Gold (SGC-T) has released assays from the first four of 35 holes drilled to define the Debarwa copper-gold-zinc VMS (volcanogenic massive sulphide) deposit at its Asmara project in Eritrea.
Canaco Resources explores Ethiopia (January 19, 2011)
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in the Handeni district of eastern Tanzania, where in late December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1…
Nautilus secures deep-sea mining lease (January 18, 2011)
Vancouver – A pioneering deep-sea mining operation is a big step closer to reality after Papua New Guinea granted a mining lease to Nautilus Minerals (NUS-T) for its Solwara 1 project in the Bismarck Sea.
Newstrike strikes long gold hit in Mexico
Vancouver – The first set of drill results from Newstrike Captial’s (NES-V) exploration and twinning program on its Ana Paula project in southern Mexico returned several significant gold intercepts including a long stand-out.
Wood Mackenzie estimates damage of Australian floods (January 18, 2011)
In a brief analysis of the disruption of coal exports from Queensland, Wood Mackenzie estimates that more than half of Australia’s coal exports are likely to be affected and the impact will be felt strongly in the global coal markets.