The need for innovation
It is marvelous to witness the growth and spread of technology, though we must be wary of the tendency to over-invest in some sectors while neglecting others.Consider mining. The industry has invested…
News
Noranda cuts new zones in Matagami camp
Only two months since announcing its discovery, Noranda (NOR-T) has attached a resource to the Perseverance zinc-copper zone near its Matagami concentrator in northwestern Quebec.Inferred resources ar…
Junior uranium explorer picked as speculative buy
Dale Hoffman’s JNR Resources (JNN-V) was recommended as a speculative buy at 20 by Wolverton Securities analyst Tracy Hurley, based on the recent discovery of unconformity-type uranium mineralization…
International Wayside still in the doghouse
The Canadian Venture Exchange index tacked on 54.01 points, or 1.6%, to close the report period ended June 13 at 3,464.6. All indices posted minor gains, included the mining index, which was up 93.28 …
Con
Metallica Resources (MR-T) has drawn up a simplified mine/mill plan for its 50%-owned Cerro San Pedro gold-silver project in central Mexico.The simplification entails eliminating the crushing circuit …
Law change eases claim backlog
Alaska Governor Tony Knowles has signed a bill that will amend the Alaska State Mining Law to ease the backlog of unprocessed claims.Under Bill 175, which takes effect in late August, claims can be pr…
Kassandra division upheld
The Court of Appeal for Ontario has dismissed opposing appeals brought forth by a group of investors known as the Alpha Group and TVX Gold (TVX-T) in relation to their advanced Kassandra property in G…
Ashton closes offering
Ashton Mining of Canada (ACA-T) has raised $5.7 million through a rights offering.Approximately three-quarters of the net proceeds will be used to fund the company’s continuing exploration programs in…
Geita pours first gold
It came three months early and weighed 6 kg.Ashanti Goldfields (ASL-N) and AngloGold (AU-N) are the proud parents of a gold bar — the first to be poured at the Geita mine, in Tanzania’s Lake Victoria…
Impala to buy Platexco for $191 million
The long wait for Platexco (PTX-T) shareholders is over.South African platinum-miner Impala Platinum Holdings has announced a cash offer to acquire all of Platexco’s 20.1 million fully diluted shares …
PolyMet inks deal with North in NSW
Cash-strapped PolyMet Mining (POM-V) has signed a letter-of-intent with Australia’s North Limited that would provide the capital and technical assistance necessary to advance the NorthMet polymetallic…
Nord Pacific buys Tritton
Albuquerque, N.M.-based Nord Pacific (NPF-T) has purchased the remaining half of the Tritton copper deposit in Australia it did not already own.Its partner, Australian-listed Straits Resources, receiv…