Alexis set for Q2 startup at Lac Herbin
After a bulk sample, an updated resource and a revised feasibility study, Alexis Minerals (AMC-T, AXSMF-O) has decided to start commercial production at the Lac Herbin gold mine in Val d’Or, Que., by …
Canada
Potash One raising more funds for Legacy (March 03, 2008)
VANCOUVER — Little more than a month after closing an $11-million financing, Potash One (KCL-V, KCLOF-O)–which recently changed its name from ISX Resources — is going back to the market looking for…
New Horizons (March 03, 2008)
For centuries, some of the greatest scholars believed in alchemy — the ability to turn base metals into gold. While none ever succeeded, there are echoes of alchemy in today’s technological advances …
Noront find fuels deliberation
As consultants begin to piece together a limited but growing database of information about Noront Resources’ (NOT-V, NOSOF-O) Double Eagle project in northeastern Ontario, the discovery is looking les…
Creepy crawlers for Canada?
KENILWORTH, SOUTH AFRICA–The Canadian lake-based mining industry has strengthened its position in the global market in recent years with the establishment of several new large mines that have led to …
Aurora’s Michelin grows (March 03, 2008)
VANCOUVER — A 20% increase in resources is a nice boost for a company only working through pre-feasibility studies. And that’s exactly what Aurora Energy Resources (AXU-T) got: the company’s Michelin…
Redcorp inks Tulsequah offtake deal
VANCOUVER — Aspiring base metals producer Redcorp Ventures (RDV-T, RDFVF-O) has lined up Swiss firm MRI Trading to purchase zinc, copper and lead concentrates from its planned Tulsequah Chief mine in…
Strateco finds new uranium zone
Strong uranium grades are leading Strateco Resources (RSC-T, SRSIF-O) to the north side of a new mineralized zone discovered on its Matoush property, in the Otish Mountains of Quebec.
Acadian to upgrade Getty resource
Acadian Mining (ADA-T, ADAIF-O) has received zinc and lead grades from drilling at its Getty property, near Gays River, N.S., that the company says shows potential for an open-pit mine.
Majescor rallies on Otish uranium intercept (March 03, 2008)
VANCOUVER — Stepout drilling on Majescor Resources’ (MAJ-V, RSMJF-O) Lac Mantouchiche showing, at its Mistassini uranium property in the Otish Mountains of Quebec, has returned a wide interval of ura…
Marathon bids for Discovery PGM (March 03, 2008)
VANCOUVER–In the midst of completing a feasibility study on its namesake project, Marathon PGM (MAR-T, MRPGF-O) has made a takeover offer for Discovery PGM Exploration (PTD-V, DPTFF-O) in order to ad…
NovaGold stands pat on Copper Canyon (March 03, 2008)
NovaGold Resources (NG-T, NG-X) will maintain its 60% interest in the Copper Canyon property in northwestern B.C., choosing not to exercise its option to move up to an 80% interest by paying Copper Ca…