Desert Sun confirms zone in Brazil
The first hole of an underground drill program has confirmed the existence of a new zone at the past-producing Jacobina mine in the Bahia gold belt.Desert Sun Mining (DSM-T) is in the midst of a 41,50…
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Casa Berardi extensions take shape under Aurizon
Aurizon Mines (ARZ-T) has wrapped up a drill program of widely spaced holes on the extension of zone 113 and zones 118-120 at the Casa Berardi gold project, 100 km north of Rouyn-Noranda, Que.Results …
Celtic explores Malaumanda project
Drill crews are testing along strike and downdip of a recently discovered zone of mineralization on Celtic Minerals’ (CME-V) Lodon Tops prospect, part of the Malaumanda project in Papua New Guinea.The…
IMC, Cargill create titan
The largest deal over the report period ending Jan. 27 was the announcement of a merger between Illinois-based fertilizer giant IMC Global and the fertilizer division of the secretive agri-business co…
Junior exchange takes breather
Vancouver — Canada’s junior exchange tacked on a few points during the report period ended Jan. 27. The S&P-TSX Venture Exchange composite index closed at 1799.72, up 4.46 points, or 0.25%.EuroZinc M…
Mustang drills nickel
Vancouver — Drilling by Mustang Minerals (MUM-V) has resulted in the discovery of nickel mineralization at the Bannockburn project, 100 km southeast of Timmins, Ont.Nine drill holes tested 120 metres…
Gold dips, producers trip, yet again
No thanks to resource issues, the S&P-TSX composite index slipped 35.47 points over the Jan. 21-27 report period, finishing the week at 8,588.15.Precious metals had a generally bad week, and so it was…
Endeavour to aquire silver-gold mine
Vancouver — Endeavour Gold () has inked a deal to acquire a full interest in the producing Santa Cruz silver-gold mine and Guanacevi mineral processing plant in Mexico’s Durango state.The company can…
Aquiline explores Argentine project
Aquiline Resources () is receiving encouraging drill results from the Calcatreu gold-silver project in Argentina’s Rio Negro province.The latest batch of nine angled (minus 55) holes collared on the …
Stronger rand sinks DFI
Shares in marine diamond miner Diamond Fields International (DFI-T) dove 15, or 25%, to 45 in early trading in Toronto on Jan. 26 after the company said it had suspended mining operations off the co…
Defiance makes progress in Mauritania
The government of Mauritania has granted Defiance Mining (DM-T) an exploitation permit for its Tasiast gold project, east of the port of Nouadhibou.The permit is for 312 sq. km surrounding the Tasiast…
Alamos sizes up Mulatos
Vancouver — Alamos Gold (AMI-V) has released a new resource estimate for the Mulatos deposit in Mexico.Based on a cutoff grade of 0.2 gram gold per tonne, the measured and indicated resource now stan…