Canarc outlines gold anomalies in Suriname
Three large gold soil anomalies have been found on the Kaka grid at Canarc Resources’ (TSE) Sara Kreek property in Suriname. The grid covers 11% of the 22,500-hectare property, which was the second-la…
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METALS COMMENTARY — Strong demand boosts metal prices
Volatile metal prices have romped upwards over the past few weeks, spurred by strong demand and ever more price speculation. While long-term metals consumption remains positive, some retrenchment in p…
Asarco drilling at Butte Highlands
Drilling on the Nevin Hill zone at the Butte Highlands property near Butte, Mont., has now tested the deposit over a 1,000-ft. strike length and to a depth of greater than 1,400 ft. Asarco (NYSE) has …
Atna explores Yukon properties
The 16-claim Toe property has been added to the holdings of Atna Resources (VSE) in the Finlayson Lake area of southeastern Yukon. The Toe and two other properties, the Pak and Foot, lie within a stra…
Caretech drills Thunder Lake W.
CDN-listed Continental Caretech has received results from nine holes which it drilled at the Thunder Lake West project near Dryden, Ont. The first three holes, drilled between 1,640 and 2,590 ft. east…
STOCK MARKETS — Inflation fears limit TSE gains
Renewed inflation fears spooked investors and put a damper on the Toronto Stock Exchange over the 5-day report period ended Nov. 1. The composite 300 index edged up 21.68 points to end the week at 4,2…
Cambior increases Argentine exposure
Montreal-based Cambior (TSE) will buy a 40% interest in a company that owns a project with a mineral inventory of 500 million tonnes averaging 0.75% copper, based on a cutoff grade of 0.5% copper. Pac…
NEWS ROUNDUP — Strike loses claims to rival
The mining recorder in Ontario’s Larder Lake mining division has made a ruling regarding the conflict between Sudbury Contact Minerals (TSE) and CDN-listed Strike Minerals. The case concerns three dis…
NEWS ROUNDUP — Van Ollie passes on Kremzar play
CDN-listed Van Ollie Explorations and three partners have opted out of a plan to buy the Kremzar gold mine near Wawa, Ont. The companies were to pay Canada Tungsten $2.5 million (of which $500,000 had…
NEWS ROUNDUP — Drills turning at Galena Giant
Diamond drilling is under way on the Galena Giant property on the Idaho-Montana border. The work is part of a 50-50 joint venture between Arbor Resources (VSE) and Wealth Resources (VSE). The partners…
NEWS ROUNDUP — Noveder funding Nugget Pond work
Rouyn-Noranda-based Novender (ME) is busy raising money to finance a 10,000-ton bulk sample at its Nugget Pond gold property in Baie Verte, Nfld. A $1.1-million private placement has been completed, a…
Roycefield boosts its stake in Newfoundland antimony play
Alberta-listed Roycefield Resources has agreed to acquire the remaining half interest in the 1,920-acre Beaver Brook antimony property in central Newfoundland. To do so, it will issue 2.3 million trea…