Canadian mining news
East Asia Minerals closes 2nd tranche of placement
East Asia Minerals Corporation closes the second portion of its private placement offering.
New Mineral Resource results provided for New Ingerbelle
Copper Mountain Mining Corporation updates the Mineral Resource for its New Ingerbelle property in Canada following the completion of the second phase of its drilling programme.
Continental Gold reports attack at Berlin project (Colombia)
Continental Gold reports criminal attack on some of its workers in residence near the Berlin project.
Osisko Mining finalises a bought deal private placement of flow-through shares and common shares
Osisko Mining, Inc. has recently completed a bought deal private placement of flow-through shares and common shares including an underwriter’s option.
Imperial Metals announces Ruddock Creek drill hole results
Imperial Metals Corporation has reported drilling intersects of 21.7 m grading 16.99% zinc and 3.44% lead and 2.41 g/t silver at Ruddock Creek.
Drilling commences at Monaque’s McKenzie Break property
Monarques Gold Corporation starts a new diamond drilling programme on its wholly-owned McKenzie Break gold property in Quebec.
Altius and Vale Canada reach settlement over Voisey Bay royalties dispute
The parties have agreed to a new method for calculating the royalty in respect of concentrates processed prospectively at Vale’s Long Harbour processing plant in Newfoundland and Labrador, Canada.
Dalradian obtains final court order in support of arrangement
Dalradian Resources Inc. receives final court order from Ontario Superior Court of Justice, approving its proposed arrangement with Orion Mine Finance.
Monarques suspends production at Beaufor
The decision to suspend has been attributed to the low grades of the ore mined at Beaufor in recent quarters, combined with the persistent weakness in the price of gold and difficulties recruiting qualified manpower in the region.