First Nickel on firmer ground with Lockerby
First Nickel (FNI-T, FNKLF-O)wants to put market questions around its Lockerby nickel mine, in Ontario’s Sudbury basin, to bed.
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Big resource boost at Detour Lake (July 14, 2008)
Detour Gold (DGC-T, DRGDF-O) has more than doubled measured and indicated resources at its Detour Lake project, in northern Ontario, to more than 10 million oz. gold.
Livengood results lift International Tower Hill (July 14, 2008)
VANCOUVER — A long, well-mineralized intercept from its Livengood gold project in Alaska had International Tower Hill Mines (ITH-V, THM-X) up as much as 35% in recent trading.
New copper finds needed to replace reserves: MEG
In a recent study, Halifax, N. S.-based Metals Economics Group (MEG) concludes that copper reserves in the ground maintain a comfortable cushion of about 30 years’ production. However, two potential p…
Editorial: Carbon taxes leave Canadians cold
The week ended July 5, the 27th trading week of 2008, saw two very bad ideas come to the fore in Canada.
U. S. MARKETS JULY 1-7
The surging oil price continued to weigh on equities during the July 1-7 trading session. The Dow Jones Industrial Average dropped 118 points, or 1%, to 11,232; the S&P 500 Index fell 28 points, o…
TORONTO STOCK EXCHANGE JULY 2-7
It was nothing short of a bloodbath. The S&PTSX Composite Index crashed 754.23 points, or 5.3%, to 13,712.8 during the July 1-7 trading session, while the Capped Metals and Mining Index fell 94.28…
INTERNATIONAL QUOTES (July 14, 2008)
Australia (A$) June 24 June 17 Change Bendigo Mining 0.28 0.30 -0.02 Centamin Egypt 1.15 1.24 -0.09 Kingsgate Cons. 5.28 5.50 -0.22 Lion Selection Ltd 1.88 1.82 0.06 …
Helio hitting gold in Tanzania (July 14, 2008)
VANCOUVER — Helio Resource (HRC-V, HELOF-O) has been working away at the SMP gold project in southwestern Tanzania for two years and its efforts are starting to pay off. Strong drilling results from …
Canadian Orebodies begins exploring McFaulds Lake
Canadian Orebodies (CO-V) has started early-stage exploration in the “Ring of Fire” in the McFaulds Lake area in the James Bay low- lands of northern Ontario. According to CEO Gordon McKinnon, the com…
Solex contracts SGS for bulk metallurgical test
Solex Resources (SOX-V) has enlisted SGS Minerals’ metallurgical group to produce a bulk metallurgical test for the company’s Macusani South uranium project in Peru.
AMEC, Aker Solutions to work on Mary River project
Baffinland Iron Mines (BIM-T, BIMGF-O) has hired AMEC and Aker Solutions to help with the development of its Mary River project on Baffin Island, Nunavut.