DIAMONDS — Newcomer picks up Kelsey Lake
London-based Redaurum (rrk-t) has signed an agreement to sell North America’s first diamond mine to McKenzie Bay International (MKBY-O).The company will transfer all the shares of its subsidiary, Diam…
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DIAMONDS — Guyanor and Rio Tinto explore Dachine property
Having signed a joint-venture agreement, Guyanor Ressources (GRL.NB-T) and Rio Tinto (RTP-N) are mobilizing equipment to begin exploration of the Dachine diamond property in French Guiana.The program …
DIAMONDS — Black Swan drops Tejucana option
After completing due diligence, Black Swan Gold Mines (BSW-T) has dropped an option to buy the Tejucana operations of a Brazilian company with diamond mining interests along the Jequitinhonha River in…
Valdez finds gold in Chihuahua
Junior Valdez Gold (VAZ-A) has found low-grade gold mineralization on its Gaby property in Chihuahua state, Mexico.Anomalous gold values were found in soil samples from the Los Jarros prospect, which …
EDITORIAL & OPINION — COMMENTARY — Ontario mining in the veins
“There is no failure except in no longer trying.” — Elbert HubbardQuotations such as the one above are lived out daily in the mining business. If the town of Kirkland Lake had given up hope, it could…
Standard Bank sponsors mining conference in Iran
The Standard Bank of London, England, is sponsoring the first Internationl Mines and Metals Investment Forum. The event, scheduled for Oct. 19-20, will be held in Tehran, Iran.The event, being organiz…
Year of the accountant — The numbers game
We called it the year of the gilded reptile, and for good reason. We still shudder looking back at 1997, the annus horribilus that brought us the Busang salting scandal and assorted lesser scandals. R…
New zone found near Caber, Caber North
Drilling has intersected a narrow zone of zinc-copper-silver massive sulphide mineralization in an untested area between the Caber and Caber North deposits near Matagami, Que.Noranda (NOR-T) can earn …
Kimberley to host conference
The historic city of Kimberley, South Africa, will host the World Diamond Conference Nov. 1-4.Nicky Oppenheimer, chairman of diamond mining giant De Beers Consolidated Mines, will present the opening …
Abandoned mines get attention
Ontario’s Ministry of Northern Development and Mines has unveiled a $27-million program aimed at rehabilitating abandoned minesites throughout the province.Work will begin immediately on up to 30 open…
MINING MARKETS & INVESTMENT NEWS — JNR targets W Bear uranium
Vancouver-based JNR Resources (JNN-V) has started drilling at its West Bear property in northern Saskatchewan. The property is near the West Bear uranium deposit (124,000 tonnes grading 0.37% uranium)…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — Jaguar drills copper prospect
A drill program by International Jaguar Equities (JAG-V) is testing a copper-silver porphyry system at the Northwest copper prospect in the Taseko Lakes region, 200 km north of Vancouver, B.C.The 4-ho…