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COBALT: King’s Bay to Acquire 100% Interest in Lynx Lake Copper-Cobalt Property in Labrador
Vancouver: King’s Bay Gold Corporation, operating as “King’s Bay”, a mining exploration and development company based in Vancouver, has signed a definitive agreement to acquire 100% interest in a cobalt property located in southern Labrador. The Property The project consists of 66…
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ZINC: Teck to own 100% of Teena zinc deposit in Australia
After optioning the Reward project from Rox Resources in 2011, and discovering the Teena zinc deposit on the concession in 2013, Teck Resources has struck a deal with the Aussie junior to acquire the remaining 49% stake in the project that it…
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BASE METALS: Wolfden acquires key property contiguous with its Rice Island nickel-copper-cobalt deposit
THUNDER BAY: Wolfden Resources Corporation announces the key acquisition of the Rice Island Tie-On property (the”RITOP”) located adjacent to Wolfden’s Rice Island property (the “RIP”) that contains the Rice Island nickel-copper-cobalt deposit. The deposit has been targeted in drilling programs completed by…
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COPPER: Stepping out at Gibraltar mine reveals a new high-grade zone
WILLIAMS LAKE: Taseko Mines Limited has just announced the discovery of a new high-grade copper zone northwest of the perimeter of the Extension Pit at its Gibraltar mine near Williams Lake, B.C. Diamond Drill Hole (DDH) 2015-001 was drilled to…
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TUNGSTEN: Company starts trenching at well-known Newfoundland quarry
NEWFOUNDLAND: Great Atlantic Resources Group of Vancouver announces that it has begun a trenching program at its South Quarry Tungsten Property, located in east-central Newfoundland. The trenching program is being conducted in the northern region of the South Quarry Property…
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VANADIUM: Maracas Menchen sets two new production records
BRAZIL – Toronto’s Largo Resources has reported two new production records this month at its Maracas Menchen vanadium pentoxide plant in the Bahia state. On Aug. 23 a new daily production record of 27 tonnes V2O5 or 102% of plant…
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CHROMITE: Noront files updated 43-101 for three Ring of Fire deposits
ONTARIO – Toronto-based Noront Resources recently filed an updated 43-101 report for the recently acquired Black Thor, Black Label and Big Daddy chromite deposits in the Ring of Fire. Black Thor and Black Label are 100% owned by Noront…
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ALUMINUM: Modernized Kitimat smelter begins production
BRITISH COLUMBIA – International diversified miner Rio Tinto is preparing the first shipments of aluminum from its modernized Kitimat smelter.
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ALUMINUM: Rio Tinto to upgrade Alma smelter
QUEBEC – Montreal-based Rio Tinto Alcan is upgrading its aluminum smelter at Alma for an estimated cost of $12 million. The project is to be complete in the second half of 2016.
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PRODUCTION: Looking good so far in 2015
VANCOUVER: Thompson Creek Metals Company Inc. says production and sales from its Mount Milligan Mine for the quarter ended March 31, 2015 was 30.3 thousand dry tonnes, with 15.4 million pounds of payable copper and 46.1 thousand ounces of…
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ALUMINA: Orbite completes $10M bought deal financing
QUEBEC – Orbite Aluminae of Montreal has completed the first part of a public offering in the amount of $10 million. The underwriter, Euro Pacific Canada, has an option to purchase $5 million worth of additional units. The net proceeds…
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CHROMITE: Noront to acquire Cliffs’ Ring of Fire properties
ONTARIO – Spunky Toronto-based junior, Noront Resources, has offered US$20 million to acquire the subsidiaries of Cliffs Natural Resources that hold claims in the Ring of Fire, 500 km northeast of Thunder Bay. Cliffs abandoned its…