Polyus Gold plans ambitious expansion
Anchorage, Alaska — Apparently at least one Russian oligarch isn’t too worried about being forced out of the country or arrested. Vladimir Potanin is so confident of his position that he’s hosting th…
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More reward than risk at Kutcho Creek
Dease Lake, B.C. — The Kutcho Creek volcanogenic massive sulphide (VMS) project located 100 km east of this Northern community made it to prefeasibility in the mid-1980s, only to be put on the back b…
Gahcho Ku on path to production in 2012
With the Snap Lake underground mine in the Northwest Territories and the Victor open-pit operation in northern Ontario already under construction, De Beers, the world’s leading diamond player, is look…
Full Metal cuts silver in Alaska
Vancouver — Full Metal Minerals’ (FMM-V, FLMTF-O) initial drill hole on the LWM prospect at its 40 Mile property in eastern Alaska has intersected a near-surface interval of silver-rich massive sulph…
Zinc recycling in the North (October 30, 2006)
Doubtless helped by the price of zinc, two former Arctic zinc producers, both operated by Cominco, are getting second looks by junior explorers bent on showing that resources left behind when the mine…
Midway drilling pushes Spring Valley north
Vancouver — Drilling by Midway Gold (MDW-V, MDWGF-O) on the North Hill target at its Spring Valley project in northwestern Nevada has hit a new zone of gold mineralization.
Spot Prices Courtesy of Scotiabank Tuesday, Oct. 23, 2006
Precious Metals Price (US$/oz.) Change Gold $578.40 -16.50 Silver $11.57 -0.28 Platinum $1065.00 -29.00 Palladium $317.00 -6.00 Base Metals Price (US$/lb.) Change Nickel $15.42 +0.16 Lead $0.69 +0.01 Copper $3.38…
Nautilus contracts to build deep-sea mining vessel (October 30, 2006)
Vancouver — Nautilus Minerals (NUS-V, NUSMF-O) and Belgium-based Jan De Nul Group have reached a tentative agreement that would see a deep-sea mining vessel built for use at a Nautilus project in the…
UEX delivers hot uranium hole from Hidden Bay (October 30, 2006)
Vancouver — Drilling by UEX (UEX-T, UEXCF-O) on its Raven-Horseshoe deposit, situated on the Hidden Bay property in Saskatchewan’s Athabasca basin, intersected the highest-grade uranium values encoun…
AngloGold cements new Russian alliance (October 30, 2006)
AngloGold Ashanti (AU-N, AGD-L, ANANO-J) has concluded a deal with Russian gold producer Polymetal for a strategic alliance in gold exploration in the Russian Federation, which has left one London-lis…
Rio Tinto throws weight behind Oyu Tolgoi
Ivanhoe Mines (IVN-T, IVN-N) wowed the market in mid-October, by laying the groundwork for a partnership with Rio Tinto (RTP-N, RIO-L) to get its massive Oyu Tolgoi copper-gold project in southern Mon…
Blue Note dusts off Caribou
Bathurst, N.B. — The dormant Caribou and Restigouche zinc-lead mines in northern New Brunswick are once again getting a new lease on life, thanks to robust metal prices and strong investor confidence…