NEWS ROUNDUP — Big Valley buys dormant QR mine
An agreement with Kinross Gold (K-T) sets the stage for Big Valley Resources (BV-A) to acquire the QR gold mine and related assets near Quesnel, B.C.The $26-million open-pit mine began production in 1…
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Freewest gains gold find
The acquisition of a gold skarn discovery made by a local prospector in New Brunswick provides Freewest Resources (FWR-T) with another exploration target in eastern Canada.The Montreal-based junior is…
Noranda boosts Caber resource
With a production decision imminent, Noranda (NOR-T) has tallied a new resource for the Caber massive sulphide deposit, 35 km west of Matagami, Que.The major, which is earning a 70% interest in the pr…
OBITUARY — James Sibley Hastings
James Hastings, a former vice-president of Pegasus Gold, has died. He was 73.Born into a military family in Honolulu, Hawaii, in 1925, Hastings graduated from the Georgia Military Academy before being…
Jimmy John gets slap on wrist
In what looks like the epitome of regulatory understatement, the Alberta Securities Commission has “sanctioned” Jimmy John, the former top dog at Naxos Resources (NAXOF-OTC), for issuing “misleading” …
Yamana hits bonanza grades at Martinetas
Even with gold prices at a 20-year low, Yamana Resources (YAM-T) sees near-term development potential at its wholly owned Martinetas property in Argentina’s Santa Cruz province.A recent 40-hole progra…
Hyder finances program
Junior Hyder Gold (HGI-V) has raised $200,000 to explore five claim blocks near the high-grade Pogo deposit in the Goodpaster district of east-central Alaska.The private placement consists of 1 millio…
Barrick uses spare change to shop in junior mall
Armed with a war chest of more than US$2 billion in cash and debt facilities, mega-miner Barrick Gold (ABX-T) has gone on a shopping spree in the bargain-basement junior mining sector.In the past few …
EDITORIAL & OPINION — GEOLOGY 101 — Porphyry deposits, Pt. 2
Porphyry deposits can be found in orogenic areas such as the Canadian Cordillera, the Andes Mountains of Chile and Peru, and in the southwestern Pacific regions of the Philippines, Indonesia and Papua…
EDITORIAL & OPINION — Engagement better than estrangement — China watch
A recent cover of The Economist says it all. A gigantic Uncle Sam cowering and shivering on a footstool, while a small panda bear holding a missile wearily looks up at him as if to say, “yeah right.”J…
Magnesium Alloy completes Kouilou feasibility study
Toronto-based Magnesium Alloy (MGAC.U-C) has completed a feasibility study of its Kouilou magnesium project in the Republic of Congo.Magnesium Alloy (MAC) is proposing to mine, using solution methods,…
Hopes dim at Lac Rocher
It was fun while it lasted, but the party appears to be winding down for Toronto-based Nuinsco Resources (NWI-T) at the Lac Rocher nickel prospect in northern Quebec.With drilling now suspended for br…