Linear finds gold at Ixhuatan
An initial pair of holes collared some 450 metres southwest of the Campamento gold deposit on the Ixhuatan project, in Mexico’s northern Chiapas state, has yielded encouraging results for Linear Gold…
News
People (June 12, 2006)
Augusta Res. — Bruce Nicol appointed senior VP and CFO effective Sept. 1; Donald Clark resigned as CFO but remains a director….
Slow but steady at Leadbetter
Shares of Dianor Resources (DOR-V) have not escaped the downdraft of the junior mining market in recent weeks, touching as low as $1.20 per share in May after nearly topping $2.00 in March….
FT estimate to come soon
A drill campaign by North Atlantic Resources (NAC-T, NOATF-O) has wound up at the FT property package in southern Mali, and the company is ready to turn the numbers over to a consultant for an indepen…
Rough trade
With the union’s rejection of management’s latest and “final” counter-offer on May 31, the two sides at BHP Billiton’s (BHP-N, BLT-L) Ekati diamond mine appear further apart than ever, more than eight…
Inco, Falco close ranks to foil Xstrata bid
In a move designed purely to bolster support for an Inco (N-T, N-N) and Falconbridge (FAL.LV-T, FAL-N) union rather than a marriage between the latter and Swiss metals titan Xstrata (XTA-L), Inco says…
Drilling defines Ming sulphides
A directional drilling program at the Ming massive sulphide deposit in north-central Newfoundland is showing that lower-grade stringer mineralization exists in the footwall of the former producing min…
St Andrew to restructure equity side
Timmins-camp gold developer St Andrew Goldfields (SAS-T, STGFF-O) plans a consolidation of its shares and with it, a $20-million financing to develop its projects….
Northgate sees ‘mine in waiting,’ at Young-Davidson
Recent drilling by Northgate Minerals (NGX-T, NXG-X) has returned more encouraging results from the Young-Davidson mine project in the Matachewan camp of Ontario, including a 66.59-metre intersection…
Alcan growing to meet aluminum shortage
Alcan (AL-T, AL-N) has secured 40% of the energy it would need to significantly expand its aluminum smelter in Iceland….
LME Warehouse Levels (June 12, 2006)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 5, 2006 (change from May 29 in brackets):…
Arctic diamond hunt heads east
Vancouver — With most of the best prospects in the Lac de Gras diamond camp already in senior company hands, Canadian diamond exploration companies have shifted their focus to less explored areas con…