Strong drill results from Queenston
Queenston Mining (QMI-T) has completed 9 new drill holes at its wholly owned Upper Beaver gold-copper deposit in Kirkland Lake, Ont.
Canada
Venture climbs in August 29 to Sept. 2 period
Vancouver – The S&P/TSX Venture Composite Index climbed 58 points in the August 29 to September 2 period on four days of gains to end at 1,810.36 points. Volume perked up somewhat from the week prior with an average of 71 million shares…
Niobec stake could be cash cow for Iamgold
Iamgold Corp. (IMG-T, IAG-N) made it clear back in June that it was looking to monetize 10%-20% of its Niobec niobium mine in the near term, but the sale last week of a 15% stake in a Brazilian niobium producer to a Chinese consortium has set…
People
Aberdeen International – Richard Bishop appointed VP of investments.
New Gold up on Blackwater drill results
New Gold (NGT-T, NGD-X) touched a new 52-week high, after posting strong drill results from its Blackwater gold project in central B.C.
Ocampo, meet Young-Davidson
AuRico Gold (AUQ-T, AUQ-N) wants to become an intermediate gold producer, and it has tabled a rich, all-share offer for Northgate Minerals (NGX-T, NXG-X) to help it get there.
Cameco bids for Hathor
Hathor Exploration’s (HAT-T) shares have vaulted in response to Cameco’s (CCO-T, CCJ-N) launching of a hostile, $520-million cash bid for the junior, and initiating what may become a bidding war for its world-class, high-grade…
Potash One dealmaker Matysek turns to BC gold
Fresh from the $434-million sale of his potash explorer Potash One to German fertilizer giant K+S Aktiengesellschaft, Vancouver’s Paul Matysek is turning his attention to a small, Americas-focused gold explorer named Ocean Park Ventures…
Red Cross lauds Canadian miners for Haiti help
The Canadian Red Cross has commemorated members of the mining industry for raising $900,000 following the devastating earthquake that rattled Haiti in January 2010, leaving 230,000 dead, 1.3 million homeless and 3 million affected.
4M oz. gold at Probe’s Borden Lake
Probe Mines (PRB-V) jumped 17.3%, or 26¢, to $1.76 per share on news its Borden Lake gold project situated about 110 km east of Lake Superior near Chapleau, Ont., contains 4 million oz. gold and nearly 6 million oz. silver.
Teck advances its oilsands projects
Teck Resources (tck.b-t, tck-n) is looking to produce more than 30,000 barrels per day by 2016 from its oilsands projects in Alberta.
Detour Gold taking the direct route towards production
The landscape around Cochrane Ontario is prototypical of the land in northeastern Ontario: a flat horizon dense with coniferous trees, broken only intermittently by a still black lake.