Yamana, Noranda explore Fin del Mundo project
As the search for base metals becomes more and more difficult, many Canadian exploration companies are venturing farther and farther abroad.Exemplifying this trend are Yamana Resources (TSE) and Noran…
News
Hemlo expects growth from project portfolio
First-quarter production from Hemlo Gold’s (TSE) two Canadian gold producers was higher than anticipated, and overall production is expected to expand further.Hemlo’s wholly owned Golden Giant mine ne…
Murgor drilling continues
More assay results were released by Murgor Resources (VSE) from drilling on its gold property in Quebec’s Barry Twp.The junior reported results from seven holes of its second-phase, 8-hole program. Al…
Coeur d’Alene, Echo Bay at odds over Kensington
A dispute has arisen between partners Coeur d’Alene Mines (NYSE) and Echo Bay Mines (AMEX) over their Kensington gold project in southeastern Alaska.Based on its understanding of the terms of the agre…
Metall increases budget for exploration spending
TSE-listed Metall Mining has increased exploration spending by about one-third, to $20.1 million, as it continues to focus on North and Latin America and Europe.At the Gataga project, north of McKenzi…
SEC lists broker compensation procedures
In an effort to reduce conflicts of interest between brokers and investors, the U.S. Securities and Exchange Commission (SEC) in Washington has unveiled a report highlighting “best practices” that bro…
Royal Oak moves to buy El Condor
Gold producer Royal Oak Mines (TSE) intends to acquire El Condor Resources (VSE) for about $95 million.El Condor’s principal asset is a 60% interest in the Kemess South gold-copper deposit in north-ce…
Aurex reports increase in reserves at Cobrex
Reserves at Minera Cobrex’s copper-silver project in northern Chile are on the rise.Aurex Resources (TSE), which holds a 70% interest in Cobrex, now estimates the project’s resource at more than 5 mil…
Diamond News Roundup — United Reef plans May production
Diamond production is scheduled to begin next month on United Reef’s (TSE) Bamingui property in Central African Republic (CAR).The advancement of the project has been facilitated through a previously …
Latest Voisey Bay results spark new wave of interest
Results from the latest round of drilling at Diamond Fields Resources'(TSE) Voisey Bay nickel-copper project in Labrador have sparked a new wave of interest in the area.To date, 51 holes have been dri…
Black Swan drill program tests Brazilian property
A widely spaced, 16-hole program of reverse-circulation drilling has confirmed the continuity of the main mineralized shear zone at the Santa Helena property in Brazil.Owner Black Swan Gold Mines (TSE…
Pacific Vangold makes African plans
A drill program is planned for the Kafunzo anomaly in Uganda.Pacific Vangold Mines (VSE), which holds more than 9,600 sq. km of exploration licences in the East African country, expects to drill some …