Daily News

MERGER: Claude Resources ups interest in Amisk project

SASKATCHEWAN - Claude Resources of Saskatoon has completed the acquisition of St. Eugene Mining Corp. of Toronto. Claude acquired all the issued and outstanding common shares of St. Eugene in exchange for the issuance of approximately 9.6...
Feb 2, 2012 5:00PM


ABORIGINAL RELATIONS: Quadra FNX, Atikameksheng Anishnawbek sign MOU for Victoria project

ONTARIO - Vancouver-based Quadra FNX Mining and the Atikameksheng Anishnawbek First Nation have signed a memorandum of agreement covering the Victoria nickel-copper project near Sudbury. The MOU will facilitate negotiation to reach a final...
Feb 2, 2012 4:59PM


COPPER RESOURCE: Red Chris M&I number more than doubles

BRITISH COLUMBIA - The measured and indicated resources at the Red Chris copper-gold deposit have been more than doubled, according to owner Imperial Metals of Vancouver. The property is located 80 km south of Dease Lake.
Feb 2, 2012 4:58PM


EQUITY OFFER: NovaGold to raise $332.5-M for Donlin gold development

ALASKA - NovaGold Resources of Vancouver has increased the size of its bought deal equity offering to US$332.5 million, a 33% jump from the US$250.8 million it announced it would raise on Feb. 1, 2012. The company will issue 35 million common...
Feb 2, 2012 4:57PM


MINING PEOPLE IN THE NEWS: Andover, Belo Sun and Keegan

Kent Turner is now COO of Andover Mining Corp. of Vancouver. He has been actively involved in all phases of the mineral exploration business for more than 30 years. Turner spent much of his professional career with Cominco American.
Feb 2, 2012 4:56PM


IRON ORE EXPLORATION: Lac Le Fer living up to name with 63% Fe

QUEBEC - Toronto-based Century Iron Mines reports intersecting 45 metres of 62.67% total Fe at the Lac Le Fer iron prospect, part of its Sunny Lake project near Schefferville. The drill hole ended in mineralization at 54 metres.
Feb 1, 2012 5:00PM


ABORIGINAL RELATIONS: PTI and Driftpile Cree form alliance; Rio Tinto returns land to Cheslatta

ALBERTA and BRITISH COLUMBIA - There is more to being a good corporate neighbour than owning a mine. Now suppliers and long-time landowners are practicing corporate social responsibility. Here are two examples.
Feb 1, 2012 4:59PM


CORRECTION: Roche Bay study due early 2012

In an item dated Jan. 18, 2012, we erroneously stated that the feasibility study on Advanced Explorations' Roche Bay iron ore project was late. We apologize for any embarrassment.. The study is on track to be delivered early this year. Thanks...
Feb 1, 2012 4:58PM


CONVEYING: Magnetic rollers get the scrap out

ERIE, Pennsylvania - From Eriez comes a series of powerful magnetic pulleys for automatic separation of heavy tramp iron contaminants from conveyor transported materials, including run-of-mine material and fine ore.
Feb 1, 2012 4:57PM


LITHIUM STUDY: Authier project generates "robust" PEA

QUEBEC - Glen Eagle Resources of Montreal says the preliminary economic assessment of its Authier lithium project near Val d'Or outlines a "robust" project. The PEA was based on the production of a spodumene concentrate with the recovery of two...
Jan 31, 2012 5:00PM


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