Detour Drills 101,000 Metres In ’09
Detour Gold (DGC-T) says assays from the latest batch of infill drilling results at the Detour Lake open pit project 180 km northeast of Cochrane, Ont., were “as expected,” confirming continuity of go…
Volume 95 Number 47 - Jan 11 - Jan 17, 2010
FNX To Boost Production In 2010
FNX Mining (FNX-T) forecasts production from its Sudbury mining assets in 2010 will reach 891,000 tons of ore shipped, a 31% increase over the company’s 2009 production plan.
Russian Mountain Robust For Full Metal
Drill results from its 2009 exploration season at the Russian Mountain project in Alaska demonstrated multiple gold-silver- copper-bearing structures for Full Metal Minerals (FMM-V).
Haile Grows For Romarco
VANCOUVER– The extent of mineralization at Romarco Minerals’ (R-V) Haile project in South Carolina continues to grow.
SouthGobi Sells Indonesian Coal Property
SouthGobi Energy Resources (SGQ-T) is selling its stake in the Mamahak coal project in Indonesia to focus on developing its coal assets in Mongolia, the company says. The news sent SouthGobi’s shares …
Patience Pays Off For Cameco In Centerra Sale
After years of talking about selling its stake in Centerra Gold (CG-T) to focus on its core uranium business, Cameco (cco-t, ccj-n) has successfully struck while the gold price is hot.
UN Sanctions Against Eritrea To Impede Miners?
Sunridge Gold (SGC-V) says new United Nations Security Council sanctions against Eritrea won’t interfere with its ambitious drilling and exploration plans there in 2010.
Duluth Metals Soars On Nokomis Resource
An expanded resource for the Nokomis polymetallic deposit in Minnesota “confirms” the deposit is “one of the largest valuable mineral assets in the world,” says Henry Sandri, president and chief execu…
Chinese Bid $679M For Corriente
VANCOUVER — After a year of negotiations, Corriente Resources (CTQ-T) has inked a deal to sell itself and its massive copper-gold projects in Ecuador to two Chinese companies for $679 million.
First Quantum Picks Up Ravensthorpe From BHP
BHP Billiton (BHP-N, BLT-L) suspended operations at its Ravensthorpe nickel project in Western Australia in January after nickel prices plunged in late 2008 and it encountered a series of operating an…
Queenston Banking On Kirkland Lake To Return To Producer Status
New resource estimates for two of its deposits in the Kirkland Lake camp have brought Queenston Mining’s (QMI-T) gold resources in this corner of northeastern Ontario to 640,000 measured and indicated…
Big Paydays For Canplats, Corriente
In what may be a sign of a lively year ahead, the last trading week of 2009 was dominated by cash-rich bids for two Canadian juniors with advanced projects in Latin America.