CIM group to tour Black Hills
The Canadian Institute of Mining and Metallurgy (CIM), Toronto Branch, is organizing a spring field trip to the Black Hills of South Dakota. Scheduled for the week of May 17-24, the trip will take in …
News
Cathedral’s Sterling mine in Nevada pours 100,000th oz.
The Sterling mine produced its 100,000th oz. of gold in March, a day of celebration for Cathedral Gold (TSE) which owns 52% of the heap leach operation near Beatty, Nevada. The mine has been in produc…
Companies provide funding for co-operative exploration effort
A group of 14 Canadian mining companies have contributed a total of $192,000 to start up an exploration division within the Mining Industry Technology of Canada (MITEC). With research and development …
Cyprus completes first phase of smelter expansion project
The first phase of a US$100-million modernization and expansion project was recently completed by Cyprus Minerals (NYSE) at its copper smelter in Miami, Ariz. Copper concentrate feed was loaded into t…
Galactic looks to the future
With the recent sale of its 50% interest in the Ivanhoe joint venture in Nevada for US$13.4 million, Galactic Resources (TSE) is a step closer to completing a restructuring of its assets. The company …
Selling pressures push down gold price
Gold: Prices of the yellow metal continue to retreat under mild selling pressures to the US$340-per-oz. level. Rumored sales by “large sellers” added little to the movement. While traditional uses for…
Pine Cove wins environmental OK, seeks financing
Having won environmental approval for its Pine Cove gold project in Newfoundland, NovaGold Resources (TSE) is preparing to raise $14 million to build a 1,500-ton-per-day vat leach operation. NovaGold …
Size of zone growing: Vior
Drilling at the Douay gold property in the Casa Berardi region of Quebec is extending the boundaries of the targeted zone’s mineralization, Societe d’Exploration Miniere Vior (ME) reports. The zone, w…
Manitoba woos mineral exploration with grants, tax holiday for
Manitoba is introducing new incentives designed to stimulate mineral exploration and development in the province. Unveiled recently at the annual Prospectors and Developers Association of Canada (PDAC…
Major examines Taurus prospects
An undisclosed major mining company recently entered into negotiations with Lodestar Explorations (VSE) to earn a joint venture position in Lodestar’s East and West Taurus properties in eastern Alaska…
Windy Craggy comes under attack in U.S.
A river conservation organization in the U.S., American Rivers, says the Tatshenshini-Alsek river system in northwestern British Columbia (and near Alaska), in the area of the Windy Craggy copper mini…
Agnico drilling Vezza project, considers going underground
Drilling is under way on the Vezza gold project in northwestern Quebec, where Agnico-Eagle Mines (TSE) is earning a 51% interest from North American Rare Metals (ME) and Dundee-Palliser Resources (TSE…