News

Vancouver — Metallurgical testing on material taken from the Huevos Verdes gold-silver vein in southern Argentina has resulted in encouraging recoveries for 49-51 partners Minera Andes (MAI-V) and Mauricio Hochschild &…

Osisko Exploration (OSK-V) continues to intersect significant gold at shallow depth at its Barry project, 180 km southwest of Chibougamau, Que.

Virginia Gold Mines (VIA-T) reports impressive gold assays over minable widths from channel samples at the Eleanore project, 320 km north of Matagami, Que.

Independent metallurgical studies have confirmed positive results for the treatment of copper ore from the Mirador deposit in Ecuador.

Drilling has begun at Yamba Lake, near Yellowknife, N.W.T., where SouthernEra Resources (SUF-T) is hunting for diamonds.

Iron miner Cleveland-Cliffs (CLF-N) says workers at four operations it manages have ratified 4-year labour agreements that call for a 9% wage increase over the course of the deals. The contracts expire Sept. 1, 2008.

Proposed changes in Honduran mining regulations have prompted Defiance Mining (DM-T) to drop its option on the Zopilote gold property, in the western department of Santa Barbara.

Vancouver — NovaGold (NG-T) has tabled a positive scoping study of its Galore Creek copper-gold-silver project in northwestern British Columbia, while confirming additional mineralization through drilling.

Pittsburgh-based Alcoa (AA-N) will shed 140 jobs by year-end by closing an automotive parts plant in Northwood, Ohio. The aluminum giant cited “excess capacity” at the facility as the reason for the closure.