News

Southern Arc proves up initial West Lombok resource

VANCOUVER – After more than 40,000 metres of drilling, Southern Arc Minerals (TSXV: SA) has calculated an initial resource for its West Lombok property in Indonesia that supports the company’s plan to develop a multi-pit gold mine at the…


Mega Uranium eyes JV with Cameco at Kintyre

VANCOUVER — It’s been a busy month on the deal front for Toronto-based junior Mega Uranium (TSX: MGA). In mid-June Mega announced a proposed merger with peer Rockgate Capital (TSX: RGT), which would create a cashed-up…






Drill rigs at Torex Gold Resources' Morelos gold project in Mexico, 180 km southwest of Mexico City. Source: Torex Gold Resources

Torex delivers the goods at Morelos

Torex Gold Resources (TSX: TXG) is proving that its Morelos gold-silver pro­ject in Mexico isn’t just about near-term production, but also exploration upside.




A drill rig at Eurasian Minerals' Copper Basin copper project in Arizona. Photo by Gwen Preston.

Eurasian rethinks Arizona’s copper riches

PHOENIX, ARIZONA — “Here we are, in the middle of one of the most productive copper districts in the world — Arizona — and we were able to just stake this ground,” says David Cole, president and CEO of Eurasian…


A truck hauls ore at Fortune Minerals' NICO gold-cobalt-bismuth-copper project in the Northwest Territories during test mining conducted in 2006 and 2007. Source: Fortune Minerals

Procon invests $12M in Fortune Minerals

Procon Resources, a Vancouver-based mining contractor that is majority owned by China CAMC Engineering, is making an $11.7-million strategic investment in Fortune Minerals (TSX: FT) at a price of 40¢ per share — a 14% premium over…


Mongolian voters re-elect president Elbegdorj

The re-election in Mongolia in late June of incumbent President Tsakhia Elbegdorj of the Democratic Party has elicited a lot of commentary on just what the result may mean for foreign mining companies in this enormous country of mountains,…


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