Zinc
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Callinex drills high-grade copper in Rainbow discovery stepout in Manitoba
Callinex Mines has released assay results for hole PBM-113-W1, which returned high-grade copper in a stepout hole focused on expanding the Rainbow discovery, first announced on Sept. 9, at its Pine Bay project in Manitoba’s Flin Flon district. The drillhole…
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HudBay resumes mining at 777 after hoist incident
Underground mining has resumed at HudBay Minerals‘ 777 mine in Flin Flon, Man., two weeks after a hoist rope detached from the skip at the operation, causing the skip to fall to the bottom of the shaft. Damage to the…
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Unigold stock takes off on Candelones drill results
Dominican Republic-focused miner Unigold has released results from its ongoing drilling at the Candelones Extension deposit, part of the company’s 210.3-sq.-km Neita concession. Recent drilling was designed to test potential epithermal feeder systems at Targets B and C at the…
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Rockcliff completes earn-in on Bur property in Manitoba
Developer Rockcliff Metals has met the required exploration spend to earn a 100% interest in the 39.8-sq.-km Bur copper-zinc property in Manitoba, 28 km from the town of Snow Lake. To earn this stake, Rockcliff spent approximately $3 million on…
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Rockcliff expands wholly owned Tower deposit
The most recent drill results from Rockliff Metals’ wholly owned Tower property in central Manitoba have increased the strike length of the Tower deposit to 1,000 metres and hit mineralization at depths of approximately 800 metres. Based on potential for…
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Callinex says Pine Bay could revitalise Flin Flon
The Flin Flon mining district, which straddles Manitoba and Saskatchewan, hosts Hudbay Minerals’ (TSX: HBM; NYSE: HBM) 777 mine. The underground mine, which has been producing base and precious metals since 2004 and employs over 800 people, is approaching the end…
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Mexican gov’t scraps key mining post in austerity drive
Mining companies operating in Mexico are showing concern, after the country’s government scrapped the mining sub-secretary post, one of the Ministry of Economy units, as part of a broader austerity drive on Tuesday. The move, said local mining groups that…
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Hudbay acquires majority stake in Talbot project
Hudbay Minerals is now the majority owner and operator of the Talbot project in Manitoba, after it exercised its right to buy back a 2% interest in the property from mining junior Rockcliff Metals. As consideration for the buy-back, Hudbay…
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Sun Peak advances Shire polymetallic project in Ethiopia
David Daoud, vice-president of exploration and geology at newly listed Sun Peak Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits in Eritrea when he worked for Nevsun Resources and its sister company, Sunridge…
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Taseko maintains production through pandemic
While gold miners have been stealing the pandemic limelight as that precious metal’s price has soared, copper miners have struggled with the collapse of their main markets, like China, and the closure of major production mines in places like Chile…
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RECYCLING: Lithium Australia subsidiary to use metals from batteries for fertilizers
AUSTRALIA – Envirostream Australia, a 90%-owned subsidiary of Lithium Australia, has announced that it is working on a project aimed at assessing the use of zinc and manganese derived from recycled alkaline batteries as micronutrients in blended fertilizers. According to Envirostream,…
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COMMODITIES: BofA forecasts metal price recovery post-COVID-19
UNITED STATES – Bank of America forecasts global copper consumption could contract by 18% year-over-year in 2020 should global GDP drop by an estimated 4.2% due to economic disruptions caused by the coronavirus pandemic. Although a decline in copper purchases of…
