World Wide OKs Chinese connection
Shareholders of World Wide Minerals (TSE) have unanimously approved the company’s acquisition of Targa International’s 55% interest in the Baoziwan and Dawuyao gold exploration joint ventures in China…
News
Taylor Rand makes deal to acquire Zairian ground
CDN-listed Taylor Rand and Zairian-based Salomon Co-operative intend to join forces to develop two groups of mining properties in the central African country. In total, the properties comprise 450 sq….
Metals Commentary — Stronger metals prices expected
The summer holiday period is traditionally a time to reflect on the events of the first half of the year and assess metal demand and supply, yet this is not a traditional summer.Most metal markets con…
Formation plans Idaho drilling
Drilling is planned for the Sunshine project in Lemhi Cty., Idaho.Formation Capital (TSE), which holds an option to earn a 100% interest in the property, plans to drill 30,000 ft. The 60-hole program …
Odds ‘n’ Sods — Water, water, everywhere
We had just arrived back at our homes after a busy day at the Quirke mine in Elliot Lake, Ont., when an emergency call informed us that the mine was flooding.It was 1956 and the mine was serviced by a…
Drills turning at Butte Highlands
A 2,000-ft. program of deep drilling is under way on the Butte Highlands gold skarn project in Montana.Asarco (NYSE) plans to drill six to seven holes to test the depth extension of the Nevin Hill zon…
Work continues at OPAP pipe
Ontario’s prospecting community is hoping that the government axe will not fall on programs that fund grassroots work in northern regions of the province.”These grants have the potential to lead to ex…
LaRonde adds oomph to Agnico’s earnings
A strong performance by the LaRonde mine near Val d’Or, Que., enabled Agnico-Eagle (TSE) to boost second-quarter earnings by 75%.For the quarter ended June 30, Agnico earned $6.3 million (or 17 cents …
Hillsborough finances expansion
An agreement with Sprott Securities will help provide Hillsborough Resources (TSE) with sufficient funds to expand its 63%-owned Quinsam coal mine near Campbell River, B.C.The company will issue 2.4 m…
New set of directors placed at the helm of Minefinders
The new management team of Minefinders (TSE) is gearing up to explore the Bolsa and Dolores properties in Mexico.Arthur Dalfen, Mark Bailey and Marc Henderson were recently appointed directors of the …
Inco starts feasibility studies for its Goro nickel project
In keeping with its plan to boost nickel production by 20% over the next decade, Inco (TSE) will proceed with a feasibility study at its Goro nickel project in the French island of New Caledonia.The s…
COMMENTARY — The origin of diamonds
Diamonds are being found in geological environments outside cratons and in rocks other than kimberlites. As a result, different sources and origins of diamonds must be considered.Experiments at severa…