News

Although multinational De Beers Consolidated Mines has dropped its option to earn a 60% interest in the Yamba Lake joint venture in the Lac de Gras region of the Northwest Territories, its wholly owne…

Drilling has extended the Olcott zone at depth and in a southeasterly direction, Allegheny Mines (ASE) reports from its northwestern Ontario gold project. Six holes intersected the structure to a vert…

Mining giant Barrick Gold (TSE) has released the results from the first 1,927 metres of drilling on the Michaud claims north of Kirkland Lake, Ont. Three holes were drilled to test the Porcupine Desto…

Junior Da Capo Resources (VSE) continues to work its Bolivian properties, with promising results. Assays from diamond drilling on the Capa Circa property include 126.4 metres of 0.98 gram gold per ton…

A private placement is expected to provide Black Swan Gold Mines (TSE) with $1.2 million, which it will use to acquire and develop the Santa Helena and Novo Mundo gold prospects in Brazil. The placeme…

Gearing up for production during the third quarter of this year at its Eagle River gold project near Wawa, Ont., River Gold Mines (TSE) has reached a leasing deal for the nearby Magnacon mill. The mil…

Week’s Price (US) Change Gold* $383.10 + $6.80 Silver* $4.68 + $0.21 Platinum* $419.50 + $10.50 Nickel** $3.47 + $0.22 Lead** $0.26 + $0.01 Copper $1.32 + $0.04 Zinc $0.46 + $0.01 Courtesy of Scotiaba…

A report by the Environmental Protection Agency (EPA) is stalling the permitting process required to reopen the historic Alaska-Juneau gold mine. The project is owned by Echo Bay Mines (TSE). A Techni…

The mineral industry in New Brunswick received a boost when it was announced that the province will undergo an airborne geophysical survey. Aimed at identifying exploration targets, the survey will be…

London Metal Exchange Spot closing prices in $US per tonne Date March 7 March 6 March 3 March 2 March 1 Copper 2877-2878 2897-2898 2924-2925 2872.5-2873.5 2815-2816 Lead 573-574 585-587 590-592 570.5-…

The mining industry had been lobbying for measures that would allow companies to defer tax on the earnings in Mine Reclamation Trust Funds until withdrawn for reclamation purposes. The budget did not …

Consolidated Bonanza Metals (CZT:ASE) has changed its name to Mincor Resources (CZT:ASE) on a share-for-share basis.