Positive initial metallurgy for Probe Mines
Results of an initial scoping study on the metallurgy at the Borden Lake project near Chapleau, Ontario are encouraging for Probe Mines (PRB-V).
Canada
Legacy looks to make history
K+S plans to go ahead with building its Legacy project in Saskatchewan’s highly prospective potash basin, with initial production expected in 2015.
PEA sets out $7.7bn NPV for Orbite’s alumina project
Vancouver – Orbite Aluminae (ORT-T) has released some hard numbers as to the potential of its patented aluminum-extraction process and corresponding project that it promises will transform the industry.
BHP may sell its diamond assets
BHP Billiton (bhp-n, blt-l) is considering leaving its diamonds business as it may no longer fit its modus operandi of boasting “large, long-life, upstream and expandable assets.”
Bayfield hits high grades
Bayfield Ventures (BYV-V) released some impressive results from its Burns Block property in the Rainy River district of north-western Ontario.
Tough times for Venture in Nov. 21-25 period
Vancouver – The November 21-25 trading period was bleak on the S&P TSX Venture Composite Index, with the index dropping every day to end down 102.53 points at 1,505.14 points. Volume was also noticeably down at an average of 74 million…
Pretium boosts Brucejack resource to 31M oz. gold, 333M oz. silver
Vancouver – Pretium Resources (PVG-T) has boosted gold and silver resources at its flagship Brucejack project in northwestern British Columbia by as much as 460% following a 72,000-metre drill program this summer.
Buchans Minerals revives historic mine
The old Buchans mine headframe still stands tall at the end of Main Street in this small Newfoundland town. The structure is a constant reminder for the 750 or so residents that the town’s history is inextricably linked to mining.
Lake Shore boasts 6.4M oz. resource
Timmins-focused junior Lake Shore Gold (LSG-T, LSG-X) had been aiming for a 6-million to 8-million-oz. gold resource by early next year. But the company has already achieved this goal by tabling initial resources for its Thunder Creek and…
Rio Tinto, Cameco lock horns over Hathor
The battle over Hathor Exploration (HAT-T) and its Roughrider high-grade uranium project in the Athabasca basin continues to heat up, with Rio Tinto (RIO-N, RIO-L, RIO-A) trumping Cameco’s (CCO-T, CCJ-N) latest offer.
Thumbs-up for Stornoway’s Renard project
Stornoway Diamond (SWY-T) has completed a feasibility study of its wholly owned Renard diamond project in Quebec’s Otish Mountains region that shows potential for a robust, long-life operation, albeit at higher capital costs than expected.
Chinese firms pledge to invest $1.4B in private BC coal projects
B.C.’s new Liberal premier, Christy Clark, has made bold statements about mining since taking power.