Scorpio finds promising zone
The Nuestra Senora polymetallic deposit in Sinaloa state, Mexico, continues to shape up as an underground mine-to-be for Scorpio Mining (SPM-T, SMNPF-O).
Copper
VMS raises $19.5M for Reed Lake
Vancouver — The first drill results from the Reed Lake copper-zinc discovery made waves in the market in recent weeks. Now VMS Ventures (VMS-V, VMSTF-O) has raised $19.5 million to fund continued exp…
Benton, Teck set drill targets
Benton Resources (BTC-V, BNRJF-O) has assayed the last of 324 grab samples taken this summer from its Kingurutik Lake copper-nickel-cobalt property in Labrador, confirming mineralization in numerous z…
Dome Lemieux nothing if not complicated
SITE VISIT Sainte-Anne-des-Monts, Que. — “Are we sitting on a magmatic deposit?” asks an investor on a recent tour of Threegold Resources’ (THG-V, TRLDF-O) Dome Lemieux project, as he joins…
Los Andes studies Las Vizcachitas
SITE VISIT Santiago, Chile — Vancouver-based Los Andes Copper (LA-V, LSANF-O) plans to begin a prefeasibility study at its Las Vizcachitas copper project in central Chile by the middle of…
Katanga and Nikanor to form African copper giant
Katanga Mining (KAT-T, KATFF-O) and Nikanor (nkr-l) are planning a merger that would create Africa’s biggest copper producer and become the world’s biggest cobalt producer by 2011.
Callinan questions HudBay
HudBay Minerals (HBM-T, HBMFF-O) is keeping tight-lipped about the first payment made to Callinan Mines (CAA-V, CCNMF-O) for a net profits interest (NPI) and royalty agreement that is being disputed i…
Empire now a mining company, eyes Turkish copper
Vancouver-based capital pool company Empire Mining (EPC-V) has completed the qualifying transaction it first announced in mid-September, with Global Securities acting as sponsor.
Silver Wheaton grabs interest in Mines Management (November 19, 2007)
Vancouver — Silver Wheaton (SLW-T, SLW-N) is dipping into the silver deposit basket again, this time pulling out an 11% interest in Mines Management (MGT-T, MGN-X) for a purchase price of US$10 milli…
Pinetree loads up on McFaulds Lake juniors
Vancouver — After recently closing a $72-million financing, Toronto-based junior investment and merchant banking firm Pinetree Capital (PNP-T, PNPFF-O) has loaded up on shares of several junior minin…
Donner cuts more zinc at Matagami
Vancouver — Drilling by Matagami project partners Donner Metals (DON-V, DONFF-O) and Xstrata (XSRAF-O, XTA-L) has turned in further high-grade zinc intercepts from two different zones on the western …
Norsemont looks at 2012 startup for Constancia
The scoping study for Norsemont Mining’s (NOM-T, NOMFF-O) Constancia copper project in southern Peru is in, and the results have the company preparing for a busy 2008.