Rio Tinto to explore gold property
The Bonfim property in the northeastern Brazilian state of Rio Grande do Norte will be explored, following a deal between Rio Tinto (RTP-N) and CDN-listed junior Verena Minerals (VMCO-C).Rio Tinto can…
News
Obuasi strike could dent Ashanti
With annual production capacity of 850,000 oz., Obuasi is Ashanti Goldfields’ (AHD-T) largest gold mine, yet an extended strike at the Ghanaian operation could squeeze second-quarter earnings.”Obuasi …
PRECIOUS METALS — Don Mario gets thumbs-up
The Don Mario gold project in eastern Bolivia will be one of the lowest-cost producers in South America, according to the final feasibility study.Orvana Minerals (ORV-T) reports that the study, conduc…
NEWS ROUNDUP — Barrick backs Keltic’s efforts in Alaska
Gold giant Barrick Gold (ABX-T) has set its sights on the Goodpaster mining district in Alaska, an exploration hotspot that hosts the Pogo gold deposit, which is being advanced by Teck (TEK-T) and its…
PRECIOUS METALS — Prism farms into previously explored Aurora project
An agreement between Prism Resources (PRN-V) and Boliden (BOL-T) will enable the former to earn a 100% interest in four gold prospects in northern Ontario.At the centre of the deal is the 6,770-ha Aur…
EDITORIAL & OPINION — GEOLOGY 101 — Porphyry deposits, Pt. 1
Porphyry deposits are the quintessential low-grade, large-tonnage mineral deposit. These formations are called porphyries because they are commonly, but not solely, associated with intrusive igneous r…
China accelerates reforms
Within three years, China intends to dismantle or greatly downsize state-owned mining agencies that are not capable of making the transition to a market economy, government officials told a Canadian m…
EDITORIAL & OPINION — NEW HORIZONS — Silver ions combat legionnaire’s
Some 100 hospitals in the U.S. and Canada have installed silver-copper ionization systems to eradicate Legionella pneumophila (also known as legionnaire’s disease) from their hot water pipes.Hospital-…
Eagle Plains forms alliance with Billiton
Eagle Plains Resources (EPL-A) has entered into a financing arrangement with Billiton Exploration Canada, a wholly owned subsidiary of London-based Billiton.In return for taking down a $450,000 privat…
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PRECIOUS METALS — Geomaque extends La Chicharra
Ongoing drilling by Geomaque Explorations (GEO-T) has extended the La Chicharra zone at its producing San Francisco gold property in Sonora state, Mexico.La Chicharra lies just west of, and along stri…