Metallica options Frida concession
An option agreement has been signed, affecting the Frida gold concession in southeastern Venezuela. Over a 30-month period, Metallica Resources (CDN) can buy all the shares of vendor Minera Sabine for…
News
NEWS ROUNDUP — Madsen suing ministry
In an unusual reversal of roles, a mining company has announced its intention to sue the government of Ontario. Madsen Gold (TSE) has served the required 60-day notice of its intention to take legal a…
U.S. MINING REPORT — Exploration revival on Battle-Eureka
The southern portion of the Battle Mountain-Eureka Trend in eastern Nevada has heated up since Homestake Mining (NYSE) announced an impressive gold discovery there late last year. Since the discovery …
NEWS ROUNDUP — Republic finds new gold zones
Two potential open-pit gold zones have been identified on the dormant Congress property in Arizona. The Golden Wave and Bellick zones are north and east, respectively, of the Congress mill. Republic G…
El Abra hits snag
A deal that would have Lac Minerals (TSE) and Cyprus Amax Minerals (NYSE) buy a majority stake in the Chilean El Abra copper deposit has hit a snag. The deal will be delayed pending the resolution of …
Chinese gold demand on the rise
Early signs of market instability and economic overheating have triggered another speculative runup in China’s gold demand, revealed by renewed hoarding of gold jewelry in major Chinese cities. Many r…
Ukraine, China supplying silico-manganese market
Ukraine and China are increasing their share of the Western World’s silico-manganese market. In its study The Costs of Producing Manganese Ferro-alloys, CRU International says the two countries more t…
Acid drainage conference set for April in Pittsburgh
The third international conference on the abatement of acid drainage is scheduled for April 24-29 in Pittsburgh, Pa. More than 1,200 delegates are expected to attend the conference, which will feature…
LAST BUT NOT LEAST — Joint venture to buy Cassiar assets
Three companies have exercised an option to acquire the relevant assets and properties of Cassiar Mining. Cliff Resources (TSE) holds 30% in the joint venture, with an overriding 3.3% royalty on gross…
LAST BUT NOT LEAST — Keno compiles reserve data
Consulting firm Watts, Griffis & McOuat is poring over exploration and reserve figures for the Galena Hill silver-lead mine in the Yukon in preparation for underground drilling, to begin in May. Owner…
LAST BUT NOT LEAST — Golden Star affiliate in French Guiana
New York-listed Asarco has signed an option agreement with Guyanor Resources S.A., a wholly owned subsidiary of Golden Star Resources (TSE). Asarco will earn a half interest in Golden Star’s St. Elie …
Mini-rush to the Klondike — Kennecott commits to
The Klondike gold rush days may be long gone, but it would seem Kennecott Canada is of a different opinion. The company will spend more than $500,000 this year exploring properties in the Klondike cam…