NEWS ROUNDUP — Weak gold puts kibosh on project

Citing falling gold prices, Quebec-based Noveder (NED-M) has decided not to proceed with the Rambler and Ming West tailings project near Baie Verte, Nfld.

Ming Minerals, 70% of which is owned by Eastern Meridian Mining (EME-A), is reviewing its options and examining new approaches for processing the 330,000-tonne tailings resource. In the meantime, the junior plans to continue exploring the nearby Stog’er Tight gold project, where drilling earlier this year returned 18.79 grams gold per tonne over 1.6 metres. It also is considering a program on the Stuckey vein gold-silver property, near the Ming mill.