Volta Power Cuts to Hit Gold Mines
Low water levels in the Volta River system have led the Ghanaian power generation agency, the Volta River Authority, to begin a program of load management that includes some power cuts to users, inclu…
News
NovaGold Thwarted in Attempt to Block Barrick Bid
Vancouver — NovaGold Resources (NG-T, NG-X) was dealt a blow recently, when the U.S. District Court of Alaska declined to grant a preliminary injunction that would temporarily suspend Barrick Gold’s…
New World Cuts Higher Grades at Lipea
Vancouver — The second and third holes by New World Resource (NW-V, NWFFF-O) at the Lipea project in southwestern Bolivia indicate a wide zone of higher-grade copper-gold mineralization….
Anatolia Recharges Treasury for Cpler
Vancouver — Anatolia Minerals Development (ANO-T, ALIAF-O) has lined up a $61.5-million financing to fund development of its pler gold project, located about 500 km east-southeast of Ankara in Turk…
Delay Dehcho Plan, Says PDAC
COMMENTARY…
Suppliers News (October 02, 2006)
CVRD shipping more iron to China…
Kyrgyz Authorities Seize Jerooy
With the development licence for the Jerooy gold deposit in Kyrgyzstan still up in the air, Kyrgyz authorities descended on the property Sept. 7 and seized the buildings there….
Patrician Diamonds’ Sahtu Drilling Disappoints
Vancouver — Drill results from Patrician Diamonds’ (PXC-V, PCGDF-O) Sahtu project, in the McKenzie River Valley region of the Northwest Territories, disheartened investors and prompted a sell-off in…
Diamonds North Finds More Amaruk Kimberlites
A first pass of drilling by Diamonds North Resources (DDN-V, DNORF-O) on its wholly owned Amaruk property in the Pelly Bay area of Nunavut has resulted in the discovery of four new kimberlite bodies,…
Newmont Drops Matrix
Vancouver — After spending US$2.2 million on exploration over three years, Newmont Mining (NMC-T, NEM-N) has terminated an option to earn up to a 70% interest in the Matrix gold project west of Arvia…
LME Warehouse Levels (October 02, 2006)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 26, 2006 (change from Sept. 19 in brackets):…
Drilling and Prestripping Continue at Minto
Vancouver — Recent exploration drilling by Sherwood Copper (SWC-V, SWOPF-O) has intersected additional high-grade mineralization at the Minto copper-gold project being advanced to production in the Y…