Sunridge hits more high-grade copper-gold in Eritrea
Vancouver -Sunridge Gold (SGC-V) has released its second round of drill results in two weeks, with more significant gold-copper-silver hits at its Asmara project in Eritrea.
Copper
Copper Canyon board rejects NovaGold bid
Vancouver – Copper Canyon Resources’ (CPY-V) board of directors has unanimously rejected as inadequate a hostile takeover bid launched by joint venture partner NovaGold Resources (NG-T, NG-X).
Demand outpaces discoveries, Roundup delegates told
VANCOUVER – This year’s Mineral Exploration Roundup attracted 7,000 delegates from around the world, a new record for the annual conference hosted by the Association for Mineral Exploration British Columbia (AME BC). But in keeping with the…
Playfair Mining is high risk, potentially high reward
It’s usually a pretty good sign when a rival for land you stake runs out and buys stock in your company.
Commodities roundup
Vancouver – The final technical session at the Mineral Exploration Roundup in Vancouver took a look at the potential of thermal coal, uranium, vanadium, molybdenum, copper, and of course, gold.
First Quantum to expand Kansanshi in Zambia
Already one of the largest copper-producing companies in the world, First Quantum Minerals’ (FM-T, FQM-L) plans to expand production capacity in Zambia at its Kansanshi copper-gold mine by 60% to about 400,000 tonnes of copper per year by 2015,…
Copper Mountain nears production in BC
Princeton, B.C. – Since 2006 Copper Mountain Mining (cum-t) has been quietly but confidently building a large, open-pit mine near Princeton and within six months British Columbia will have its first major new metal mine in years.Well, mostly…
Western Copper plans to get more out of Casino
Western Copper (wrn-t) says its Casino gold-copper project in the Yukon can process more ore than previously believed. The company has been in the midst of updating its prefeasibility study from 2008 ever since it released a significantly…
Rio Alto secures $50M financing
Rio Alto Mining (rio-v) is raising $50 million in a private placement to fund its La Arena copper-gold project 480 km northwest of Lima in Peru.A syndicate of underwriters led by GMP Securities and including Scotia Capital, Clarus Securities…
Inmet, Lundin to merge
The proposed merger of Inmet Mining (imn-t, iemf-o) and Lundin Mining (lun-t), which both companies describe as a “merger of equals,” would create a large base-metal producer in Canada that would replace the likes of those that Canada has lost…
Deals rock Canada’s base metals miners
The second week of 2011 was a breathtaking one in the Canadian base metals scene, with three substantial deals.
Geo Minerals, Inmet drill Arizona porphyry copper targets
Joint-venture partners Geo Minerals (gm-t) and Inmet Mining (imn-t) have resumed drilling on a copper porphyry target at the Middle Mountain property in south-central Arizona.At least two reverse circulation (RC) holes are planned to test for…