Studies firm up Komis deposit
A feasibility study by project operator Waddy Lake Resources (TSE) and Kilborn Engineering is giving shape to the Komis gold deposit in northern Saskatchewan.The feasibility calculated proven and prob…
News
Jordex Resources opts to sell portion of Loma de Hierro
Joint-venture partners Jordex Resources (TSE) and Venezuelan company Corporacion Caracas have filed notice that they intend to sell a further 75% interest in the Loma de Hierro laterite nickel deposit…
Exploration by Wheaton River boosts tonnage at Ursa zone
The first phase of this year’s exploration work on the Golden Bear mine property in northwestern British Columbia is complete.Wheaton River Minerals (TSE), which controls the property through majority…
Minnesota Geologic Survey releases new field-mapping data
The Minnesota Geological Survey (MGS) has released a geologic map of the state’s east-central region at the scale of 1:100,000.The map is a product of recent field mapping, analysis of existing drill …
OK Tedi compensation agreement signed
The government of Papua New Guinea and its partners in the Ok Tedi copper-gold mine have signed a compensation agreement aimed at ending a claim for environmental damages launched by local landowners….
Senate spares Bureau of Mines
The U.S. Bureau of Mines received a vote of confidence when the Senate approved US$128 million for continued operation of the agency in its Department of Interior appropriations bill.In July, the Hous…
Golden Shamrock raises funds for work program in Ghana
Holders of special warrants issued by Australian-based Golden Shamrock Mines (TSE) will be issued 7.5% convertible debentures. The offering has a total face value of US$25 million.Golden Shamrock will…
Birim drills on Ghanaian prospect
Reverse-circulation drilling will commence at the Dunkwa gold property in the Obuasi gold belt of Ghana.Birim Goldfields (CDN) has contracted an initial 2,000 metres of testing on the Mampon occurrenc…
Minefinders announces start of drill program at Bolsa property
The new president of Minefinders (VSE) expects drilling will begin this September on La Bolsa, a gold property in Mexico’s Sonora state.Mark Bailey, who is also a geologist, heads up a new management …
Windy Craggy settlement prompts Kemess development
The British Columbia government and Geddes Resources (TSE) have resurrected a compensation agreement for the 1993 expropriation of the Windy Craggy copper deposit in the northwestern corner of the pro…
Stock Markets — Voisey Bay trading enters wait-and-see phase
Trading activity on the western markets has succumbed to the summer doldrums. The markets’ enthusiasm for the Voisey Bay nickel-copper-cobalt play in Labrador has dampened, with investors assuming a w…
FirstMiss delayed at Turquoise Ridge
The necessity of interpreting new exploration data for the Turquoise Ridge deposit in northern Nevada will delay completion of a prefeasibility study.FirstMiss Gold (NASDAQ) reports that new data on 1…