Brigus grows Black Fox
Brigus Gold (BRD-T, BRD-X) has added to its gold resource at the Black Fox complex in Timmins, Ont., and reported an initial resource estimate exceeding half a million oz. gold for its 147 and Contact zones.
Canada
Century Iron Mines building strength on the Labrador Trough
The amount of iron ore in the Labrador Trough appears endless, and Century Iron Mines (FER-T, FER-V) is the latest company to yield promising drill results from the world-renowned geological structure.
Thompson Creek raises $270M with gold stream sale
Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan copper-gold project in B.C. to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two mines under…
First Point’s Decar takes shape
First Point Minerals (FPX-V) has released encouraging assays from the first nine of 36 holes from the 2011 drill program at its flagship Decar nickel-iron alloy project in central B.C.
People
Arianne Resources – Lucie Hébert resigned as CFO; Luc Boivin appointed interim CFO.
Matamec signs MOU with Toyota Tsusho on Kipawa
Shares of Matamec Explorations (MAT-V) have taken off following the junior’s announcement that it signed a memorandum of understanding with the trading arm of Toyota Motor Group to fast track the development of its Kipawa rare earth deposit in…
CaNickel cuts back operations
CaNickel Mining (CML-T) is scaling back operations at its Bucko Lake mine near Wabowden in Manitoba due to “unfavourable” nickel prices, the company has announced.
Canada Zinc Metals drills Cardiac Creek
Since this year’s drill program began in May at Canada Zinc Metals’ (CZX-V) Cardiac Creek SEDEX zinc-lead-silver deposit on its Akie property, 260 km northwest of the town of Mackenzie in northeastern British Columbia, the company…
Playfair’s tungsten resource grows at Grey River
Playfair Mining (PLY-V) has increased its inferred resource at Grey River in Newfoundland by 16% to 1.2 million tonnes grading 0.73% tungsten trioxide for 18.8 million pounds of tungsten trioxide or 853,000 metric tonne units (MTUs), the…
China sets first tranche of 2012 REE export quotas
China has determined that its first tranche of export quotas for rare earth elements in 2012 will be 10,546 tonnes, down 27% from its first tranche of export quotas in 2011, but the China Daily reported that officials at the Ministry of…
Canadian Zinc closer to opening Prairie Creek
Canadian Zinc (CZN-T) has been flashed a green light from environmental authorities to go ahead with developing its Prairie Creek mine in the Northwest Territories.
Rambler delivers on Ming
Nearly seven years after Rambler Metals and Mining (RAB-V, RMM-L) took control of the past-producing Ming copper-gold mine on Newfoundland Baie Verte peninsula, the company has poured its first gold doré bar and shipped it for further…