Canada’s Anvil Mining Ltd. swung to a quarterly loss as the copper and silver producer declared a 98 percent drop in revenue due to lower output, one-off charges and suspension of operations at some mines. For full story, click here
Canada’s First Quantum Minerals has planned to restart copper output at its closed Bwana Mkubwa processing plant once it receives the go-ahead to open a new mine in central Zambia. For full story, click here
Canada’s Northgate Minerals Corp. has declared a better-than-expected quarterly profit, driven by higher production of copper and gold. For full story, click here
Indian mining giant Vedanta Resources Plc. announced that it has taken a stake of nearly 10 percent in Canada’s HudBay Minerals Inc. For full story, click here
Xstrata Plc said it will continue the shutdown of its Falcondo ferronickel operations in the Dominican Republic. For full story, click here
Probe Mines Limited has begun sampling of their remaining peridotite found on the McFaulds West property. The preliminary assay results for the McFauld’s West core samples are very encouraging and suggest that the peridotite on the McFauld’s West property has the potential to host PGE mineralization in addition to other metals, such as nickel [...]
Alexis Minerals Corporation has discovered copper-rich massive sulphide zones in the Louvicourt Mine in Val D’Or, Quebec. The massive sulphide horizon sits directly above a substantial 54.0 metre-wide, alteration and copper-rich stringer sulphide zone in a classical association that characterizes many Volcanogenic Massive Sulphide (VMS) Deposits in the region. Find the complete article here. [...]
International Millenium Mining Corp had disappointing drill results from their Cobalt, Ontario property. While good copper mineralization was found near the surface mineralization levels were not at a level worthy of extended drilling. What encouragement there was, came in the form of sphalerite present in most of holes in the southern part of the grid [...]
Candorado Operating Company Ltd. discovered copper and gold at their wholly owned Bluff Lake property near 100 Mile House, BC, Canada. A prominent easterly trending copper-in-soil anomaly measuring over 500 metres long and 150 metres wide was defined over one target area. Prospecting of this area resulted in the discovery of copper mineralized float containing [...]
Cogitore Resources Inc. intersected 3.59% copper at their wholly owned Scott Lake project in Quebec, Canada. Hole SC-30, testing the eastern edge of the West Lens, intersected 25 metres of massive and semi-massive sulphides with an overall grade of 2.04% copper and 52.5 g/t silver, including a higher grade zone returning 3.59% copper, 1.27 % [...]
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