Chieftain finds new feeder zone
Parts of the Tulsequah Chief orebody in northwestern B.C., 100 km south of Atlin and 65 km northeast of Juneau, Alaska, were mined by Cominco — now Teck Resources (TSX: TCK.B; NYSE: TCK) — from 1951 to 1957.
Canada
Cliffs shelves Ring of Fire chromite project
VANCOUVER — Five years ago, when explorers discovered chromite in northern Ontario’s James Bay lowlands region, the metal’s primary finished form — ferrochrome, a key steelmaking ingredient — was worth US$6 per kg,…
Strathcona’s Farquharson on the problem with Brucejack
VANCOUVER — Strathcona Mineral Services’ resignation from the Brucejack gold project in early October dealt a huge blow to project owner Pretium Resources (TSX: PVG; NYSE: PVG). Upon its departure, Strathcona raised serious concerns…
TSX Venture Exchange, Nov. 18-22
The S&P/TSX Venture Composite Index dropped 1.92 points during the trading sessions before closing at 932.15, which marked the third straight weekly loss for the exchange. Uncertainty surrounding the U.S. Federal Reserve’s stimulus…
Azincourt CEO talks Peruvian uranium acquisitions
VANCOUVER — Though junior Azincourt Uranium (TSXV: AAZ; US-OTC: AZURF) is a relatively new arrival to the exploration game — the company completed its listing prospectus in April 2012 — it has made waves by locking down a…
Editorial: The Cliffs Notes on the Ring of Fire
Dear Ontario, there’s been way too much off-base and irresponsible commentary in the province about Cliffs Natural Resources’ decision to shelve its Ring of Fire Chromite project. And so, in the spirit of afternoon reality TV and…
Azincourt picks up Peruvian uranium portfolio
VANCOUVER — Though junior Azincourt Uranium (TSXV: AAZ) is a relatively new arrival in the exploration game — the company completed its listing prospectus in April 2012 — it made waves early by locking down a piece of the…
TNM editor-in-chief talks Ring of Fire on CBC Radio
The Northern Miner’s editor-in-chief John Cumming joined Lisa Laco’s Superior Morning show on CBC Thunder Bay this morning to discuss Cliffs Natural Resources’ (NYSE: CLF) shelving of its chromite project in northern Ontario’s Ring of Fire camp.
Hecla sees potential in junior explorers
VANCOUVER — The market landscape has shifted for juniors with exploration-stage assets. And though equity markets remain tough, there are opportunities for producers like U.S.-based Hecla Mining (NYSE: HL) that are looking to get…
TSX Venture Exchange, Nov. 11-15
The S&P/TSX Venture Composite Index finished in the red, dropping 3.34 points en route to a 934.07-point close. Markets were on pace to register an even larger loss before a late recovery aided by rising metals and energy prices, as well as…
Commentary: Restructuring alternatives for Canadian companies
As terms such as “proposal”, “CCAA” and “bankruptcy” are mentioned frequently in Canadian business news these days, it’s important to understand what they actually mean, and when and how they may be of…
Marathon expands gold potential in Newfoundland’s Central Mineral Belt
In the final days of October, Marathon Gold (TSX: MOZ; US-OTC: MGDPF) reported grab samples of up to 58.13 grams gold per tonne in a new area of quartz-tourmaline-pyrite (QTP) veining it has found in the Sprite zone, 1.5 km along strike from…