First Metals heading underground at Fabie
The province of Quebec has issued a permit to First Metals (FMA-T) to extract a 50,000-tonne bulk sample from the Fabie Bay copper deposit in northwestern Quebec, allowing quick feasibility work on th…
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Nuinsco readying estimate at Lac Rocher (October 23, 2006)
A 2,087-metre drill program at the Lac Rocher nickel prospect in northwestern Quebec should allow Nuinsco Resources (NWI-T, NUIRF-O) to put together a resource figure for the zone it discovered in 199…
Barrick extends NovaGold bid, again
Vancouver — Barrick Gold (ABX-T, ABX-N) has again extended its takeover bid for NovaGold Resources (NG-T, NG-X), pushing back the expiry date for the offer until Oct. 24.
Schaft Creek drilling returns high-grade gold for Copper Fox (October 23, 2006)
Vancouver — Partial assays from initial 2006 drilling at Copper Fox Metals’ (CUU-V, CPFXF-O) Schaft Creek project, in northwestern British Columbia, indicate a new high-grade gold zone.
Axmin tallies Sierra Leone gold resource (October 23, 2006)
Axmin (AXM-V, AXMIF-O) has released an initial resource estimate for its grassroots Komahun prospect, which forms part of its Nimini Hills project in Sierra Leone.
International Quotes (October 23, 2006)
Australia (A$) Oct 16 Oct 9 Change Bendigo Mining 1.00 1.02 -0.02 Centamin Egypt 0.65 0.67 -0.02 Croesus Mining 0.28 0.28 0.00 Emperor Mines 0.33…
Lending Rates (October 23, 2006)
as of 4 pm ET, Oct. 16, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S….
Exchange Rates (October 23, 2006)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Inco saves best for last
Tabling its final quarterly report before its takeover by Brazil’s Companhia Vale do Rio Doce (RIO-N), Inco (N-T, N…
Westchester Resouces wants back into the mineral sector
Westchester Resources (WSR-T) is getting in on Guyana Goldfields’ (GUY-T) Peters Mine property in Guyana and the n…
Zinc recycling in the North (October 20, 2006)
Doubtless helped by the price of zinc, two former Arctic zinc producers, both operated by Cominco, are getting …
Shareholders approve EuroZinc/Lundin merger
Vancouver – Shareholders of Lundin Mining (LUN-T) and EuroZinc Mining (EZM-T, EZM-X) voted in favor of a merger pr…