News

PDAC offers e3 photo contest

The Prospectors and Developers Association of Canada is offering a 1-ounce maple leaf gold coin worth about US$600 to the overall winner of the e3 Environmental Excellence in Exploration photo contest…






New estimate for Rio Blanco (April 17, 2006)

Consultants for Monterrico Metals (MMTLF-O, MNA-L) have calculated a new resource estimate for the Rio Blanco copper-molybdenum deposit in northern Peru, reflecting another 15,000 metres of drilling o…


QUEENSTAKE RESOURCESTwo underground miners conduct production drilling underground at the Jerritt Canyon mining complex in Nevada. Owner Queenstake Resources posted a net loss of US$19.7 million in 2005 on production from Jerritt Canyon, a slight improvement over 2004.

Queenstake’s losses narrow

Vancouver — Staying on track with its redevelopment plan, Queenstake Resources (QRL-T, QEE-X) reported 2005 gold production of just over 204,000 oz. from its Jerritt Canyon operations in northeastern…


Metalex recovers more diamonds from T1 kimberlite

Vancouver — A total of 243 diamonds has been recovered from a recent hole drilled by Metalex Ventures (MTX-V, MLXVF-O) to further test the T1 kimberlite pipe at the company’s 92%-owned Kyle Lake proj…


Cameco’s Cigar doused (April 17, 2006)

Saskatoon, Sask.-based uranium giant Cameco (CCO-T, CCJ-N) has suspended construction of the ventilation shaft at its Cigar Lake uranium project in northern Saskatchewan, owing to a water leak at the…



Indicator discovers diamonds at Barrow

The recent recovery of 176 diamonds from a piece of kimberlite float has Indicator Minerals (ime-v, imeef-o) gearing up for a busy exploration season at its 80%-owned Barrow project in the Franklin di…


Sydney, Band-Ore plot merger — and demerger

Sydney Resource (SYR-V, SYROF-O) and Band-Ore Resources (ban-t, bndof-o) have unveiled a plan to amalgamate the two companies and then divide the assets between two new companies, one to control Band-…


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