Uruguay Minerals focuses on finding the “big ounces”
Although Uruguay Mineral Exploration’s (UME-V) net profit for the year ending May 31, 2007 was US$14.5 million, the…
South America
Aurora drilling adding to resources (November 05, 2007)
Drilling by Guyana Goldfields (GUY-T) and Aranka Gold (ARK-V) at the Aurora gold project in north-central Guyana ha…
Norsemont likes scoping of Constancia
The scoping study for Norsemont Minings (NOM-T) Constancia copper project in southern Peru is in, and the results …
CVRD invests big in Canadian nickel (November 05, 2007)
In the largest annual investment program ever undertaken by a mining company, Companhia Vale do Rio Doce has approved a budget of US$11 billion for 2008 — a portion of which will be channelled into n…
Anaconda drills high-grade iron ore at San Gabriel (November 05, 2007)
When Rio Tinto (RTP-N, RIO-L) found iron oxide copper-gold deposits 1,000 km north of Santiago, Chile, 10 years ago, it completed 11 reverse-circulation (RC) drill holes targeting magnetic anomalies. …
Apex ships concentrate
Apex Silver Mines’ (SIL-X) has completed the first two shipments of concentrate from its San Cristobal property in southwestern Bolivia.
EcuaGold goes after Ecuadorian copper
EcuaGold Resources (EGR-V, ECAUF-O) says it will acquire a 100% interest in a 31-sq.-km parcel of land from a private owner in Bolivar province, 180 km southwest of Ecuador’s capital, Quito.
Elkedra dazzles with 33.44-carat diamond
Australia’s Elkedra Diamonds (EDN-L, EDN-A) has recovered the largest diamond ever at its 100%-owned Chapada mine in Brazil — a 33.44-carat stone that recently sold for US$100,320, or US$3,000 per ca…
Andina boosts Volcan gold resource (November 05, 2007)
Vancouver — Almost 15,000 metres of recent drilling has served to substantially increase the resource at Andina Minerals’ (ADM-V, ADMNF-O) Volcan project, in Chile’s Maricunga gold belt.
Tallying up Aripuana massive sulphides
Partners Votorantim Metais and Karmin Exploration (KAR-V, KRMEF-O) now have a mineral resource estimate for the Arex and Ambrex (Valley) massive sulphide deposits in northern Mato Grosso state, Brazil…
Barrick bids for Arizona Star (November 05, 2007)
Don’t look now, but Barrick Gold (ABX-T, ABX-N) is going on a spending spree.
Invicta intersections buoy Andean American
Drill results from Andean Americans (AAG-V) Invicta project in Peru include 14.4 metres grading 7.76 grams gold pe…