Lake Shore adds to position in Northern Superior (February 14, 2011)
Lake Shore Gold (LSG-T) has increased its ownership in Northern Superior Resources (SUP-V) to 25.5% by privately buying more than 6.7 million shares at 80¢ each.
Canada
New assays at Borden Lake for Probe Mines (February 14, 2011)
Assay results from the first seven holes of a second-phase drill program at its Borden Lake gold project near Chapleau, Ont., have extended the gold zone about 300 metres northwest of previous drilling, Probe Mines (PRB-V) reports.
Newmont bids for Fronteer
Newmont Mining (NEM-N) is the latest to join the wave of merger and acquisition activity that is washing over Canadian mining companies.
Roundup: Atac, Kaminak gear up for 2011
Vancouver – In a couple of packed sessions at the Mineral Exploration Roundup in late January, leading Yukon gold explorers Atac Resources (atc-v) and Kaminak Resources (kam-v) laid out their plans for stepped up exploration in 2011.
TMX-LSE merger buzz
The markets have been abuzz since the jolting Feb. 8 announcement that the London Stock Exchange and the TMX Group – operator of the Toronto Stock Exchange and the TSX Venture Exchange – plan to merge in a deal that would create an exchange…
Canadian gov’t tightens TFW regulations
Whether your company currently employs temporary foreign workers (TFW), or whether your company may do so in the future, you need to be aware of the new Temporary Foreign Worker Program regulations that will come into force on April 1, 2011.
Canadian coal miners riled by US deal with Ridley Terminals (February 14, 2011)
British Columbia and Alberta coal producers have accused a federal Crown corporation of “putting American jobs ahead of Canadian jobs” after St. Louis-based Arch Coal (ACI-N) announced a five-year deal to ship Powder River basin coal from the…
Pacific North West takes 100% of River Valley
Pacific North West Capital (PFN-T, PAWEF-O) is acquiring Anglo Platinum’s (AGPPY-O) 50% interest in the River Valley platinum group metals (PGM) joint-venture project in northern Ontario, one of Canada’s largest primary PGM deposits, bringing…
Avalon bulks up Nechalacho
Avalon Rare Metals (AVL-T, AVL-X) has added significantly to the indicated and inferred resources at its Nechalacho rare earth elements (REE) deposit in the Northwest Territories after a summer of drilling.
Seabridge grows gold resource in NWT
Drilling last year to upgrade inferred resources to higher categories at Seabridge Gold’s (SEA-T, SA-X) Courageous Lake deposit northeast of Yellowknife in Canada’s Northwest Territories, has increased measured and indicated resources, improved…
Geomega shares roar after stand-out hole
All is it took was one hole to get the market in a tizzy over Geomega Resources’ (GMA-V) Montviel rare earths property in Quebec. But what a hole it was. The hole in question assayed 1.24% total rare earth oxides (TREO) over its entire 480…
Vale closes furnace at Copper Cliff smelter
Vale (VALE-N) closed its No. 2 flash furnace in Sudbury early on Sunday morning Feb. 6 after molten metal leaked out between the tapping block and the furnace, the company has confirmed.