News

Vancouver — NovaGold (NG-T) has tabled a positive scoping study of its Galore Creek copper-gold-silver project in northwestern British Columbia, while confirming additional mineralization through drilling.

Proposed changes in Honduran mining regulations have prompted Defiance Mining (DM-T) to drop its option on the Zopilote gold property, in the western department of Santa Barbara.

Iron miner Cleveland-Cliffs (CLF-N) says workers at four operations it manages have ratified 4-year labour agreements that call for a 9% wage increase over the course of the deals. The contracts expire Sept. 1, 2008.

Drilling has begun at Yamba Lake, near Yellowknife, N.W.T., where SouthernEra Resources (SUF-T) is hunting for diamonds.

Independent metallurgical studies have confirmed positive results for the treatment of copper ore from the Mirador deposit in Ecuador.

Virginia Gold Mines (VIA-T) reports impressive gold assays over minable widths from channel samples at the Eleanore project, 320 km north of Matagami, Que.

Osisko Exploration (OSK-V) continues to intersect significant gold at shallow depth at its Barry project, 180 km southwest of Chibougamau, Que.

Vancouver — Metallurgical testing on material taken from the Huevos Verdes gold-silver vein in southern Argentina has resulted in encouraging recoveries for 49-51 partners Minera Andes (MAI-V) and Mauricio Hochschild &…