Transition to gold
When Scott McLean packed up and left Xstrata (XTA-L) after a long and illustrious career with Falconbridge, he knew exactly what he wanted to do with his time: Find another world class mine.
News
Avion triples Hounde resource to 1.6M oz. gold
In less than two years, Avion Gold (AVR-T) has turned a group of early stage mineral concessions in Burkina Faso into a 1.6-million-oz. gold project, with management convinced of its further potential for growth.
Abacus advances its Ajax copper-gold project
Abacus Mining & Exploration (ame-v) has painted an interesting prospect at its joint-ventured Ajax copper-gold project near Kamloops, B.C., with a feasibility study showing the project could support a 60,000-tonne-per-day operation…
Claude finds more gold deep at Madsen
Claude Resources (CRJ-T, CGR-N) went deeper at its Madsen Project near Red Lake and found more high grade gold.
Short Position Report
Salmon River posts resource at Mt. Manning North
The Mt. Manning iron ore deposit in the Yilgarn region of Western Australia has inferred resources of 124 million tonnes grading 25.4% iron at a cut-off grade of 20% iron, reports Salmon River Resources (SAL-V).
Anglo American meets organic growth milestones
Over the last year Anglo American (AAL-L) has commissioned three of its four major growth projects in three different metals: iron ore, nickel and copper.
Richmont adds ounces at Monique and Wasamac
Vancouver – Richmont Mines (RIC-T) has released a resource estimate for its potentially near-term producing Monique gold deposit in Quebec shortly after issuing a resource update at Wasamac.
Welsh gold – the ‘rarest gold in the world’
London, U.K. – If you’re looking for expensive gold jewellery this holiday season -not just any old gold jewellery, mind you, but gold of such fine quality and such rarity as befits a royal family – you might want to consider passing on Welsh…
San Gold rises sharply on drill review
A review of drilling results at San Gold’s (SGR-T) Rice Lake mining complex in Manitoba did the trick, as the release seemed to remind the market of the projects prospectivity.
International Minerals completes PEA on Converse
At a base-case gold price of US$1,300 per oz. and US$25 per oz. for silver and throughput of 45,000 tonnes per day, an open-pit mine at International Minerals’ (IMZ-T) Converse project in Nevada returns a pre-tax non-discounted cash flow of…
Adriana joins forces with WISCO
Adriana Resources (ADI-V) is back up after dropping 15% yesterday as the company reported late in the day that it’s partnering with WISCO International Resources to develop and run the Lac Otelnuk and December Lake iron ore properties in…