Cross Lake lines up financing to restart QR
Vancouver — Cross Lake Minerals (CRN-T, CLKMF-O) plans a significant financing, coupled with a share consolidation, to bring its QR gold mine, 70 km southeast of Quesnel, B.C., back into production….
News
$7.5M gift from Teck to create mining institute at UBC
British Columbia’s last mining engineering program has received a $7.5-million donation from Teck Cominco (TEK.SV.B-T, TCKBF-O), one of Canada’s largest mining companies, and some of the company’s par…
Gold Canyon tests high-grade targets at Springpole (May 15, 2006)
A winter drill program by Gold Canyon Resources (GCU-V, GDCRF-O) has returned bonanza grades from the Core area of the Springpole gold project in the Red Lake mining district of Ontario, while also re…
People (May 15, 2006)
Novastar Res. — Thomas Graham, Jr. appointed chairman and as interim corporate secretary….
Maxy Gold selling Niukong to Chinese group (May 15, 2006)
Vancouver — China-focused junior explorer Maxy Gold (MXD-V) is offloading its Niukong gold project, part of the Luchun joint venture in southern Yunnan province, to a private Hong Kong-based mining g…
On-site exploration yields high-grade zones for Imperial
Vancouver — A spring drilling campaign by Imperial Metals (III-T, IPMLF-O) has returned encouraging results from several zones near existing pits at the wholly owned Mount Polley copper-gold mine sit…
Antofagasta gets Tethyan (May 15, 2006)
Shareholders of Tethyan Copper (TYCFF-O, TYC-A) have tendered about 96% of their shares to a takeover offer from Antofagasta (ANFGY-O, ANTO-L) that closed Friday….
Lessons for sustainable mining loom in Peru
COMMENTARY…
Editorial: Federal budget good for Canada’s miners, explorers (May 15, 2006)
The first federal budget presented by Canada’s new Conservative minority government in early May provided a bevy of long-overdue personal and corporate tax cuts totalling $26 billion over two years, e…
Teck targets Inco, minus Falco
$17.8 billion – Amount of the hostile bid for Inco…
First Nickel, Jaguar Nickel to merge (May 15, 2006)
Junior Canadian nickel producer First Nickel (FNI-T, FNKLF-O) and failed Guatemalan nickel explorer Jaguar Nickel (jni-t, jgnkf-o) have struck a friendly deal to merge under the First Nickel banner….
Nuinsco examines ’60s-era Minago find with new eyes
SITE VISIT…