Nyrstar to acquire Farallon
Vancouver – Emerging producer Farallon Mining (FAN-T) has agreed to a friendly takeover bid by zinc giant Nyrstar in an all-cash deal valued at $409-million fully diluted.
Gold
MDN looks north in Tanzania
The latest drill results from MDN’s (MDN-T) Ikungu gold property in Tanzania show the company to be following through on its goal of proving up mineralization at depth. The latest assays come from four holes that are part of its ongoing 13…
High grade hits at Long Canyon for Fronteer
Vancouver – Fronteer Gold’s (FRG-T) Long Canyon project in Nevada is churning out long, high-grade gold intercepts at six drill rigs work to complete a 70,000-metre drill program in the run-up to an initial economic assessment.
Jayden pulls high grade at Silver Coin (November 15, 2010)
Vancouver – When results from the first five holes of a drill program include such intercepts as 40.6 metres grading 3.12 grams gold per tonne and 55 metres grading 8.42 grams gold, the program can be labelled a success even before it is half…
Western Copper doubles down on Casino
SITE VISIT CARMACKS, YUKON — Western Copper’s (WRN-T) Casino gold-copper- molybdenum deposit in the Yukon is huge. Standing atop the hill in its centre, the bright orange flags that mark…
Glencore to buy US$30m in PolyMet stock
Vancouver – PolyMet Mining (POM-T, PLM-X) has agreed to sell US$30 million worth of shares to Glencore International as it works towards securing final permitting of its NorthMet open pit project in northeastern Minnesota.
Avala pulls shallow gold in Serbia
Vancouver – Recently restructured Avala Resources (AVZ-T) has released a significant shallow gold hit from its Korkan-Bigar target in eastern Serbia as it works to advance several prospects in the area.
Alturas looks to Peru for revival of its fortunes
When Miguel Cardozo, Paul Pearson and Augusto Baerti got together to form Alturas Minerals (ALT-V) their collective vision was to enhance Peru’s mining reputation with some big finds.
Allied Gold plans growth in Papua New Guinea
Vancouver – Allied Gold (ALG-T, ALD-A) has big plans for its Simberi gold mine in Papua New Guinea: the company has embarked on an expansion of the mine’s oxide processing unit and now a prefeasibility study has shown that the mine could…
Granada gets interesting for Gold Bullion (November 10, 2010)
Vancouver – Gold Bullion Development (GBB-V) is hitting the best grades to date at its Granada gold project in Quebec as it explores the Eastern Extension of its Long Bars zone.
Agnico-Eagle invests $1 million in Western Troy
Western Troy Capital Resources (wry-v) is looking to raise $3.5 million on the back of a new copper-gold discovery at Deborah Lake, near Schefferville in northeastern Quebec. The junior announced a series of brokered and non-brokered private…
Alaskan rock sample returns 50.80 grams gold for Rhyolite
Rock and soil samples from highly altered metasediments at the Paxson project in eastern Alaska have yielded s…