First Nickel Inc. announced that, from today, it is suspending production and initiating a care and maintenance program at its wholly owned Lockerby Mine due to low metal prices and the challenging financial environment.
The decision follows an extensive evaluation of mining scenarios and likely near term metal price projections that rule out the continuation of [...]
FNX Mining Company Inc. (Toronto:FNX.TO - News)(”FNX” or “Company”) announces an initial indicated mineral resource estimate of 754,000 tons averaging 8.09% Cu, 1.26% Ni and 7.76 g/t (0.22 opt) Pt+Pd+Au within a small portion of the high-grade, Cu-Ni-Pt-Pd-Au Levack Footwall Deposit (”LFD”) that has received sufficient underground drifting, mapping, sampling and drilling to allow a [...]
Victory Nickel Inc. reported further drilling results from the 2008 winter drilling program that continue to confirm continuity of nickel mineralization to depth beneath the large, open pit exploitable resource and for substantial expansion of the known resource at its Minago sulphide nickel project in Manitoba.
The results from these holes complement those reported earlier [...]
Pacific Coast Nickel Corp. announce that drilling has commenced on the Burwash Yukon project.
The Burwash property hosts nickel-copper-platinum group element (PGE) mineralization related to intrusions of the Late Triassic Kluane Mafic-Ultramafic Suite that were emplaced during a period of uplift and extension related to widespread basaltic volcanism. The property overlies the east half of the [...]
Vangold Resources Ltd. (CDNX:VAN.V) (Other OTC:VNGRF.PK) (”Vangold”), further to a news release of May 21, 2008 announcing the drill program, drilling commenced at the Kafunjo concession on May 25th. Mr. Locke Goldsmith, P.Eng., P.Geo., reports that as of June 1, the drilling was going well and that the first hole, logged to 288 meters, showed [...]
Norilsk Nickel is targeting a supplementary listing on the London Stock Exchange for the beginning of July, said the Russian metals giant’s chief executive, Denis Morozov.
“The listing will broaden the base for investors, give us more liquidity and, in time, a higher capitalization,” Interfax quoted Morozov as saying.
Norilsk initially had intended to list in London [...]
Adriana Resources Inc. announces the commencement of the diamond drilling program on the Company’s wholly owned MIE Project on the McGregor Lake Property in Nunavut, Canada.
Major Drilling Group International Inc. (”Major”) has commenced the 2,000 meter drill program, which is estimated to cost $2 million and includes borehole pulse electromagnetic (”BHPEM”) surveys, a surface gravity [...]
Mindoro Resources Ltd. is pleased to provide an update from the Agata nickel laterite project, where five coring drill rigs are in operation. Both limonite and saprolite horizons of the laterite are substantially thicker than anticipated, not only increasing tonnage potential, but also expanding market potential for the higher-value nickel material in the saprolite [...]
Xstrata plc, the fourth-largest copper and nickel producer in the world, has agreed to sell aluminium plants and a bauxite mine to New York-based Apollo Management LP for US$1.15 billion as it focuses on more profitable commodities.
The operations in the US and Jamaica were acquired by Switzerland-based Xstrata in 2006 when it bought Canada`s Falconbridge [...]
Strongbow Exploration Inc. is pleased to announce that drilling and ground geophysical surveys are underway at the Company’s 100% owned Nickel King project, NWT. The purpose of this drilling program will be to test at least three sulphide nickel targets defined by a recently completed airborne geophysical survey. The three priority targets include:
- Main Zone [...]
