NEWS ROUNDUP — Cyprus, Ogy hit gold at Fenelon
Five of six holes on the northwestern quarter of the Fenelon Twp. property in northwestern Quebec have intersected gold-copper vein mineralization. According to operator Cyprus Canada, the best inters…
News
All-North sells Wellgreen property
Two parties — J.P. Sheridan of Toronto and VSE-listed Northern Platinum — have acquired an option on the Wellgreen property in the Yukon’s Kluane region. The property has been explored intermittentl…
Wheaton hopes to extend mine life by five years
The life of the Golden Bear mine will be extended by five years under a new plan devised by North American Metals and its 81% owner Wheaton River Minerals (TSE). The mine-life extension will depend on…
Visible diamonds found in Aber Resources drill core
Within the next 3-4 weeks, Aber Resources (TSE) expects to receive results from an 800-kg kimberlite intersection from the first hole drilled on the A-154 anomaly near Lac de Gras, N.W.T. The results …
Dayton plans Andacollo start
Toronto-listed Dayton Mining has announced a $34-million equity financing, which will be used in conjunction with a US$50-million bank underwriting, to develop a heap-leach mine in central Chile. Cons…
MSV redesignates Class A shares
Montreal-based MSV Resources (TSE) has redesignated its A shares into common shares, effective June 20. The copper-gold producer, which has never issued shares other than the A variety and which also …
MINING IN CHILE — Quebrada Blanca ready to produce
An open-pit copper mine starting up in Chile’s Atacama Desert is about to become the world’s largest solvent extraction-electrowinning operation. Once full production is achieved, Quebrada Blanca is t…
MINING IN CHILE — Arizona Star tests new zone
The discovery of a new gold zone has sharpened the focus of Arizona Star’s (VSE) activities in Chile’s Maricunga district. The company plans further work for the Eva zone, discovered as a result of a …
MINING IN CHILE — Lac expanding reserves, output at Chilean
Large gold producer Lac Minerals (TSE) is looking to increase both reserves and output at its Chilean holdings. The company’s Lac South America division holds more than 600 square miles in the Andes (…
LAST BUT NOT LEAST — Fenton reserves double
Reserves have doubled at the Fenton gold property in the Chibougamau-Chapais area of Quebec. Cache Exploration (ME) says test results indicate a preliminary estimate of 302,976 tons grading 4.24 grams…
Agnico to spend $65 million
During the next four years, Agnico-Eagle Mines (TSE) will spend close to $65 million on development at its LaRonde mine in northwestern Quebec. At the annual meeting, shareholders were told the money …
Gibraltar heading south
While Gibraltar Mines (TSE) continues to explore prospects near its copper mine in south-central British Columbia, the company has expanded its search much farther south, in Chile. Earlier this year, …