Copper Canyon board rejects NovaGold bid
Vancouver – Copper Canyon Resources’ (CPY-V) board of directors has unanimously rejected as inadequate a hostile takeover bid launched by joint venture partner NovaGold Resources (NG-T, NG-X).
Canada
Demand outpaces discoveries, Roundup delegates told
VANCOUVER – This year’s Mineral Exploration Roundup attracted 7,000 delegates from around the world, a new record for the annual conference hosted by the Association for Mineral Exploration British Columbia (AME BC). But in keeping with the…
Sennen and North Arrow set to partner on Nunavut gold exploration
Sennen Resources (SN-V) is signaling its faith in arctic gold by cutting a deal with North Arrow Minerals (NAR-V) for a stake in its Hope Bay Oro gold project in Nunavut. In a somewhat convoluted deal, a third junior Chelsea Minerals (CCC.H-V),…
Pacific North West Capital takes 100% of River Valley
Pacific North West Capital (PFN-T, PAWEF-O) is acquiring Anglo Platinum’s 50% interest in the River Valley platinum group metals joint-venture project in Ontario, one of Canada’s largest primary PGM deposits, bringing its total ownership to…
Lake Shore adds to position in Northern Superior (February 01, 2011)
Lake Shore Gold (LSG-T) has increased its ownership in Northern Superior Resources (SUP-V) to 25.5% by privately purchasing more than 6.7 million common shares at a price of 80 cents each. Lake Shore says it purchased the shares for investment…
Venture edges up in Jan. 24-28 period
Vancouver – Like gold and oil, The S&P TSX Venture Exchange swung down then up over the January 24-29 period, with the exchange eking out a slight gain. By the numbers, the Venture dropped a total of 79.43 points over three days while…
Selwyn returns high zinc and lead grades
The latest results from the Selwyn project in the Yukon continue to confirm the project’s status as one of the world’s best undeveloped lead and zinc deposits. The project is now held as a joint venture between Selwyn Resources (SWN-V) and…
TSX reverses trend on Middle East unrest for Jan. 24-28 week
Toronto’s resource laden composite index rose 179 points, or 1.4%, over the report period Jan. 24-28 as unrest in the Middle East sent gold and oil higher at the end of the week. The price of crude oil slipped to the mid-80s before recovering…
Three mining legends honoured
The 23rd anniversary of the Canadian Mining Hall of Fame at Toronto’s Fairmont Royal York Hotel in mid-January, fittingly kicked off with a tribute to the spectacular rescue late last year of 33 miners trapped deep in a copper-gold mine in…
Playfair Mining is high risk, potentially high reward
It’s usually a pretty good sign when a rival for land you stake runs out and buys stock in your company.
Chinese firm shows interest in Nemaska
The Chinese are signaling their faith in Nemaska Exploration’s (NMX-T) hard-rock, Whabouchi lithium deposit in Quebec.
Brigus updates Black Fox (January 31, 2011)
The changes continue over at the Black Fox mine in the Timmins gold district.