Canadian Mining Journal Staff

Namoya boosts Banro’s gold reserves 53%

Toronto-based Banro Corp. (TSX: BAA; NYSE: BAA) has published an initial reserve estimate for its Namoya gold mine in the Democratic Republic of the Congo, pushing up company-wide reserves by 53% to 2.36 million oz.

Canadian Mining Journal Staff | April 1, 2014 | 4:21 pm

URANIUM: Fission discovers new zone with step out holes

SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, has discovered a new zone of "considerable" mineralization at its Patterson Lake South uranium project in the Athabasca Basin. Step out holes have identified zone R1620E that lies 465...

Canadian Mining Journal Staff | March 31, 2014 | 4:27 pm

GOLD: Metanor extends A vein at Bachelor

QUEBEC – Metanor Resources of Val d'Or, QC, has four drills turning underground at its Bachelor gold mine 225 km northeast of Val d'Or, and the results are promising. The hole drilled on level 5 confirmed the extension of the A vein north...

Canadian Mining Journal Staff | March 31, 2014 | 4:25 pm

URANIUM: Cameco ends hexafluoride deal year ahead of schedule

SASKATOON – Cameco Corp. is ending its toll conversion agreement at the end of August 2014 with Springfields Fuels in the United Kingdom. The original 10-year deal was to expire in 2016. The company has agreed to pay $18 million to allow...

Canadian Mining Journal Staff | March 31, 2014 | 4:24 pm

GOLD-COPPER: New resource numbers extend Chelopech mine life for Dundee

BULGARIA – Dundee Precious Metals of Toronto has extended the life of its Chelopech gold-copper-silver mine an extra two year to 2025 thanks to increases in reserves and resources. The property currently has proven and probable reserves...

Canadian Mining Journal Staff | March 31, 2014 | 4:23 pm

New Millennium, Tata Steel show Taconite iron ore project is feasible

VANCOUVER – The Taconite project feasibility study is complete, which means project owner New Millennium Iron Ore (TSX: NML) should hear within four months whether joint venture partner Tata Steel wants to turn the Labrador Trough iron...

Canadian Mining Journal Staff | March 31, 2014 | 4:22 pm

REVIEW: Taseko files second judicial review on New Prosperity

VANCOUVER – Taseko Mines has applied for a second judicial review of federal government's rejection of the proposed New Prosperity gold-copper mine project. Environment Canada has twice refused permission for the project 120 km southwest...

Canadian Mining Journal Staff | March 27, 2014 | 4:05 pm

GOLD: Osisko cuts 105 metres of 1.41 g/t at Canadian Kirkland

ONTARIO – Montreal's Osisko Mining Corp. has drilled a newly discovered zone of disseminated gold mineralization at its Kirkland Lake project. The new zone, dubbed Canadian Kirkland, is located 750 metres south of Hwy 66, about 6.5 km...

Canadian Mining Journal Staff | March 27, 2014 | 4:04 pm

GOLD: Kaminak closes $11.5M bought deal to advance Coffee project

YUKON – Kaminak Gold Corp. of Vancouver has closed a bought deal private placement in the amount of $11.5 million. The proceeds will be used to advance the Coffee gold project 130 km south of Dawson City.

Canadian Mining Journal Staff | March 27, 2014 | 4:02 pm

MINING PEOPLE: Aldridge, Batero, Catalyst Copper, Logan Resources, Luna Gold, and SG Spirit Gold

Aldridge Minerals of Toronto has appointed Han Ilhan as president and CEO. He has a background in international mining and expertise in the Turkish mining industry. The company is testing the Yenipazar advanced gold-silver exploration project...

Canadian Mining Journal Staff | March 27, 2014 | 4:00 pm

Capstone more than doubles Pinto Valley mine life

VANCOUVER – Six months after buying the Pinto Valley mine, Capstone Mining (TSX: CS) has shown that the copper-molybdenum-silver mine can operate for at least eight extra years and produce a billion more pounds of copper than previously...

Canadian Mining Journal Staff | March 27, 2014 | 3:58 pm

COMMENT: Gold bugs invade Northern Ontario

It's already bug season in Northern Ontario – gold bug season that is. The numbers of junior exploration companies eager to drill the region are almost as many as there will be blackflies when the weather warms up. Well … maybe not...

Canadian Mining Journal Staff | March 26, 2014 | 8:06 pm

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