News

Freeport expands potential of Indonesian operations

Though they may be typical assays for the rich Grasberg deposit, the latest figures reported by Freeport-McMoRan Copper & Gold (NYSE) from its operations in Irian Jaya, New Guinea, would make any geol…


Azco and Princeton announce merger plans

In attempt to form a multi-mine, low-cost copper producer, Princeton Mining (TSE) and Azco Mining (TSE) announced plans to merge into a single company.The proposed merger would see Princeton consolida…


Green light flashes for Collahuasi

Toronto-based Falconbridge (TSE) and joint-venture partner Minorco will spend $1.75 billion to develop the Collahuasi copper project in northern Chile.Collahuasi is one of the world’s largest undevelo…


Echo Bay gets nod for Lamefoot

Development plans are in the works for the Lamefoot gold deposit now that Echo Bay Mines (TSE) has received approval from the U.S. Bureau of Land Management (BLM) to expand its Kettle River operations…


CanTung secures loan for Andacollo

Guarantees from Aur Resources (TSE) will secure a US$55-million loan to Canada Tungsten (TSE) for preproduction development of the Andacollo copper deposit in Chile.Dresdner Bank Canada is providing t…



Production decision nears for Nugget Pond project

While many Canadian gold miners are flocking to mammoth, low-grade properties in faraway lands, partners Richmont Mines (TSE) and Noveder (ME) don’t mind being out of step with the times.The juniors’ …


Metallica expands resource

Results are in from the six most recent drill holes at the Cerro San Pedro gold-silver deposit near San Luis Potosi, Mexico.Including results of five holes drilled earlier this year, owner Metallica R…


Cambior boosts reserves at Metates deposit

Detailed drilling at its Metates project in northwestern Durango state, Mexico, has enabled Cambior (TSE) to double the gold deposit’s mineral inventory.The company will now turn its attention to the …



Trillion drilling confirms grades

Drill-testing at the Forrest property in Zimbabwe confirms that the gold mineralization exposed on surface persists underground.Trillion Resources (TSE) made the announcement after testing three of ei…


Diadem and Ateba begin search for base metals

An exploration crew from Diadem Resources (ME) has started surface mapping and prospecting at the Pekan River copper-nickel-cobalt prospect in Quebec’s Couchesne Twp., 60 km south of Wabush, Nfld.Mine…


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