East Asia Minerals off and running in Indonesia
VANCOUVER — With 15 gold and copper projects on the go in Indonesia, as well as three uranium projects in Mongolia, East Asia Minerals (EAS-V, EAIAF-O) has been churning out a lot of news over the pa…
2008
Hudson stock drops on recovery of larger diamonds
VANCOUVER–The latest diamond haul from bulk sampling at Hudson Resources’ (HUD-V, HUDRF-O) Garnet Lake kimberlite dyke, in western Greenland, hints at larger stones than previously recovered.
U3O8 advances drilling in Guyana
U3O8 Corp. (UWE-V, UTREF-O) has begun the third phase of drilling at its Aricheng South uranium deposit in Guyana with hopes that there’s enough mineralization to warrant a resource estimate.
Correction (March 10, 2008)
As part of Barrick Gold’s (ABX-T, ABX-N) US$1.7-billlion agreement to purchase Rio Tinto’s (RTP-N) 40% interest in the Cortez joint venture in Nevada, there is a further lump-sum payment of US$50 mill…
Western Uranium tables Kings Valley resource
VANCOUVER — An initial resource estimate for Western Uranium’s (WUC-V, WURNF-O)Kings Valley project in northwestern Nevada reviews roughly 4.8 million contained pounds U3O8 hosted in three zones.
Report examines growth of China’s steel industry
A report on the Chinese steel industry, detailing the first three quarters of 2007, is now available from Dublin, Ireland-based research firm Research and Markets.
TSX VENTURE EXCHANGE (March 10, 2008)
As gold moved in on US$1,000 per oz. and other metals remained strong, the junior mining- dominated S&P-TSX Venture Composite Index climbed 108.33 points to close the Feb. 26-March 3 trading sessi…
LME WAREHOUSE LEVELS (March 10, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 4, 2008 (change from Feb. 26 in brackets):
Canadian Arrow says Kenbridge economic
The average cost to produce a pound of nickel at the Kenbridge nickel project in northwestern Ontario, net of byproduct credits for copper, will be about C$4.89 per lb. — well below nickel’s current …
Black Pearl eyes production at Timmins
The Timmins gold property in the southern Abitibi greenstone belt of northern Ontario is “a potential company maker,” says Judy Baker, president of Black Pearl Minerals (BLK-V, BPMCF-O).
Magellan hits more Brazilian gold
If results from its next 24 drill holes are as promising as assays from its first four, Magellan Minerals (MNM-V) will be the next hot name on the junior exploration circuit.
Hathor drills hit high-grade uranium
VANCOUVER — After its stock surged on news in late February of highly anomalous uranium-mineralized drill intercepts, Hathor Exploration (HAT-V, HTHXF-O) posted further gains on assays confirming wid…