Survey Says Gold Is Metal of Choice for Juniors
Vancouver — Despite soaring uranium and molybdenum prices, gold remains the junior explorer’s metal of choice, according to a PricewaterhouseCoopers review of trends in the sector.
News
High-Grade at Midwest
Vancouver — Winter drilling by joint-venture partners Areva Resources Canada, a subsidiary of French energy company Areva (ARVCF-O), and Denison Mines (DML-T, DMLCF-O) hit considerable intervals of h…
Lundin to Absorb Tenke
Vancouver — Advancing its plan to become a major international mining house, Lundin Mining (LUN-T, LMC-X) has tabled a $1.4-billion all-stock deal to acquire sister company Tenke Mining (TNK-T, TNKDF…
Intercepts Buoy New Guinea Gold
Vancouver — Recent drilling by New Guinea Gold (NGG-V, NGUGF-O) at its Sinivit project in East New Britain province, Papua New Guinea, cut a number of shallow, high-grade gold intervals giving the as…
Energy Metals Readies La Palangana for Production
The South Texas project held by Energy Metals (EMC-T, EMU-N) and privately held Everest Exploration are now at the permitting and engineering stage, offering hope that the two projects can be in produ…
Diavik Worker Wins Award
The Arctic Energy Alliance, a not-for-profit organization that helps northerners reduce energy use through new initiatives, has awarded Nick Strus of Diavik Diamond Mines its 2006 Energy Efficiency Aw…
Azimut Employs JV Strategy at Quebec Properties
Montreal’s Azimut Exploration (AZM-V, AZMTF-O) has signed several letters of intent for $14.6 million worth of exploration over the next five years on its northern Quebec uranium properties.
Announcement
New Millennium Capital, a Canadian iron ore development company, announced that the Honourable A. Anne McLellan has joined the Company as a Strategic Advisor.
Sprott Moly Closes $189M IPO
Vancouver — Sprott Molybdenum Participation (MLY-T) closed a highly successful initial public offering (IPO) to raise gross proceeds of $189 million on the sale of 37.8 million units at $5.00 apiece.
Going Underground at Shea Creek
Vancouver — Areva Resources Canada, a subsidiary of French energy giant Areva (ARVCF-O) has informed its joint-venture partner UEX (UEX-T, UEXCF-O) that it plans to sink a shaft at their Shea Creek u…
Attack of the Killer Bs: New Life for Old Camps
Very few explorers are doing grassroots exploration for uranium these days. Why should they? There’s no real need.
More Gold at Hope Bay
In a drilling program intended to increase confidence in previously known resources, Miramar Mining (MAE-T, MNG-X) has had its plans derailed by the discovery of significant new resources on the Hope …