News

Mansfield seeks Olympic Dam-type deposits

In many ways, the past year for Mansfield Minerals (MDR-V) reflects the boom-and-bust nature of mineral exploration.After gaining undisputed title to the promising Cerro Samenta copper porphyry prospe…



Drills test Smeaton

A 4-hole drill program by Shane Resources (SEI-V) is assessing the diamond potential of the Smeaton property in the Fort la Corne area of Saskatchewan.Shane can earn a half-interest in the four clai…



Golds rise above broad market woes

Dragged down again by a troubled industrial sector, the Toronto Stock Exchange 300 index sank 251.43 points over the Nov. 15-21 report period to end the week at 9,013.86.Fairing a good deal better wer…


Ross Toms

Ross Toms, a prospector who discovered several major iron ore deposits in the Ungava district of northern Quebec, has died. He was 91.Toms was born in La Scie, Nfld., in 1910, and at the age 16, left …


De Beers withdraws from bid

De Beers Consolidated Mines (DBRSY-Q) is withdrawing its takeover bid for Australia’s Ashton Mining now that rival Rio Tinto (RTP-N) has received acceptances for 51.89% of Ashton’s shares.De…


NRC and CAMESE publish report on suppliers

Natural Resources Canada (NRC) and the Canadian Association of Mining Equipment and Services for Export (CAMESE) have collaborated to publish an 84-page report on how mining suppliers contribute to th…


Titanium-sand beds extended

NAR Resources (NRL-M) has found an additional zone of titanium mineralization at the Truro heavy-mineral sands project in Nova Scotia.Known as the Southern Extension, the zone is a 2-km-long sand bar …


Fortune advances Mazenod Lake property

The summer drill program at the Mazenod Lake property of Fortune Minerals (FT-T), about 170 km northwest of Yellowknife, N.W.T., has confirmed earlier grade estimates and indicated some extensions to …


HudBay explores BC find

Junior Eureka Resources (EUK-V) is awaiting the results of drilling carried out by Anglo American (AAUK-Q) affiliate Hudson Bay Exploration & Development on the Lottie Lake prospect in central British…


Namibian slips into the red

Exceptional costs and fewer sales translated into a small quarterly loss for marine diamond miner Namibian Minerals (NMR-T).Losses in the three months ended Sept. 30 totalled US$665,000 (or 1 per sha…


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