Canada Mining News

Ignace likely home for iron ore processing

The privately-held, First Nation family-owned company wants to develop an open pit mine which will create 700 construction jobs within two years and 300 permanent mine and processing jobs.

Silvercorp 2011 losses hit 40% after stock plunges again

Shares in China-focused miner Silvercorp Metals slumped over 7% on Monday after British Columbia security regulators said they were joining the investigation into an anonymous letter accusing the company of a $1.3 billion fraud. Silvercorp was forced on Friday 2 September to make public the letter and at the same time disclosed that someone had built up a short position of 23 million shares – more than 13% of the number outstanding. The firm with projects in China and Canada plunged after the news broke and Monday's drop brings year to date losses close to 40% despite the firm's ongoing buyback programme.

LIM Added to S&P/TSX SmallCap Index

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2011) - Labrador Iron Mines Holdings Limited (TSX:LIM) 2011 is pleased to announce that Labrador Iron Mines Holdings Ltd. has been added to the S&P/TSX SmallCap Index which will become effective af...

Victory Ventures to List on Frankfurt Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - Victory Ventures Inc. (the "Company") (TSX VENTURE:VVN) is pleased to announce that it has retained a European agent to facilitate a listing of its common shares on the Frankfurt...

Benton Commences Drilling at Abernethy Gold Project

THUNDER BAY, ONTARIO--(Marketwire - Sept. 12, 2011) - Benton Resources Corp. (TSX VENTURE:BTC) ("Benton" or "the Company") is pleased to announce that the Company has commenced diamond drilling on its 100% owned Abernethy gold project loca...

Stornoway adds to sparkle for investors

Stornoway Diamond Corporation involved in the discovery of over 200 kimberlites in seven Canadian diamond districts will join S&P/TSX SmallCap Index at the end of the week, a move which should increase the appeal of the counter among institutional investors. It's a new milestone for Stornoway which flourished under the leadership of Eira Thomas, the renowned diamond explorer whose spectacular success in the 90s transformed Canadian diamond mining. Thomas left in August following the acquisition of Stornoway's lead asset – the 100%-owned Renard Diamond Project – on track to become Quebec's first diamond mine.

OroAndes announces 100% purchase of Kilometre 26 Project in BC

OroAndes Resource Corp. (TSX VENTURE:OAR) (the "Company") is pleased to announce that it has entered into an agreement (the "Purchase Agreement") with Eastfield Resources Ltd. (TSX VENTURE:ETF) ("Eastfield") to acquire (the "Proposed Acquisition") a 100% interest in the Kilometre 26 Property (the "Property").

Huakan International Mining Inc. Extends Closing Date of Sale of Greenwood Gold Project Assets

Huakan International Mining Inc. (TSX VENTURE:HK) (the "Company") reports that the deadline for closing of the sale of its Greenwood Gold project assets to Gold Crown LLC has been extended to September 30, 2011.

IBC Vice President of Nuclear Fuels Jim Malone appointed Chairman of World Nuclear Association Fuels Working Group

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(PINK SHEETS:IAALF)(OTCQX:IAALF) ("IBC" or the "Company") announces that Jim Malone, IBC's Vice President of Nuclear Fuels, has been appointed as Chairman of the World Nuclear Association's (www.world-nuclear.org) recently initiated Fuel Technology Working Group. The working group's objective is to explore evolutionary fuel technologies with a view to developing, supporting and commercializing alternative fuel-types for the nuclear industry. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(PINK SHEETS:IAALF)(OTCQX:IAALF) ("IBC" or the "Company") announces that Jim Malone, IBC's Vice President of Nuclear Fuels, has been appointed ...

Pele Mountain drilling expands eco ridge deposit northward, demonstrates significant rare earth mineralization outside of main conglomerate bed

TORONTO, Sept. 12, 2011 /PRNewswire/ - Pele Mountain Resources Inc. (TSXV: GEM) (OTCQX: GOLDF) ("Pele" or the "Company") today announced results from the recent 7,000-metre drill program at its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge"

Radium analyses identify drill sites at Kirrin's Alexis River uranium project in Labrador

CALGARY, ALBERTA--(Marketwire - Sept. 12, 2011) - Kirrin Resources Inc. (TSX VENTURE:KYM) is pleased to announce the completion of radium analyses at its Alexis River uranium property located in southeastern Labrador. Interpretation of the analyses points to two narrow radium anomalies, correlating well with uranium values, as drill targets within the confines of Anomaly Lake, which has reported up to 0.28% U3O8 in lake sediment.

Passport Potash Inc.: News Release

As a result of a review by the British Columbia Securities Commission (BCSC), we are issuing the following news release to clarify our disclosure.

Taku samples up to 3.4 grams per tonne gold at Rosebute in White Gold District of Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce results from detailed deep auger-type soil sampling completed over a grid established in the northern part of the Rosebute property. The 544-claim (11,260-hectare) property is located approximately 55km due south of Dawson City in the White Gold area of Yukon. The property was acquired in 2010 from well-known Yukon prospector Shawn Ryan. The detailed grid sampling was completed over a prospective area first identified by Ryan in 2009 and initially grid sampled by Taku in 2010.

High-grade gold drill results from Red Lake

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - Confederation Minerals Ltd. ("Confederation") (TSX VENTURE:CFM) is pleased to report additional drill results from the on-going drilling program at the Newman Todd property in the Red Lake Gold District, Ontario. These results are from five holes, completed in wide spaced drilling along the Newman Todd Structure ("NTS"), another 11 holes have been completed and assays are pending. The highlight hole from the latest results returned 7.06 oz/ton (242.0 g/t) gold over 0.50 metre.

Taseko announces inferred resource at Aley niobium project

VANCOUVER, Sept. 12, 2011 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE Amex: TGB) ("Taseko" or the "Company") announces an inferred resource of 159 million tonnes grading 0.43% Nb2O5 at the Company's wholly-owned Aley Niobium Project, approximately 130 km north of Mackenzie, B.C. The resource estimate is based on drill data gathered from Taseko's 2010 drilling program, along with historical drill data. The data formed the basis for the development of a geological model incorporating mine engineering studies.

Debut diamonds commences airborne geophysical survey over Ontario claim

Canadian development company Debut Diamonds Inc reports that Tundra Airborne Surveys Ltd. has mobilized to commence a high-sensitivity/high-resolution airborne magnetic survey over its 229 square kilometer claim block immediately to the north and west of

Bard Ventures up seven percent after announcing drill results of 70.49 gm/t silver over 214.7m at Lone Pine property

Bard Ventures (CVE:CBS) was up 7.69% on Friday, bucking a down day in the markets when the S&P/TSX Composite index was down 2.34%, after the company announced drill results of 70.49 gm/t silver over 214.7m at Lone Pine Property. Bard Ventures said that the positive results received from drill hole BD-11-69 demonstrate the continuity of high grade molybdenum (Mo), copper (Cu) and silver (Ag) mineralization over a horizontal distance of 131 meters from drill hole BDQ-08-03 through BD-11-69 to BDQ-08-04.

Ottawa warns electricity firms not to sneak around pending emissions rules

Federal Environment Minister Peter Kent is serving notice that he won't tolerate companies trying to sneak around pending regulations to clamp down on greenhouse-gas emissions. Kent is shown announcing plans for integrated oil sands monitoring during a

Overland Resources Limited (ASX:OVR) announce potential expansion of open pit at the Darcy zinc project

Perth, Australia, Sep 8, 2011 - (ABN Newswire) - Overland Resources Limited (ASX:OVR.AX) is pleased to advise that its 10,000 metre diamond drilling program at the Yukon Base Metal Project is nearing completion. A total of 67 holes for more than 9,950 metres have been drilled.

Trelawney completes acquisition of 21.6% interest in claim 266

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2011) - Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSX VENTURE:TRR)(FRANKFURT:RTW) announces that further to its press release of December 1, 2010, it has completed the previously announced acquisition of a 21.62% undivided interest in leased mining Claim 266, comprising a part of the Chester 3 Property, pursuant to the terms of a purchase agreement dated November 26, 2010. Trelawney has an option to acquire 92.5% of the residual interest in Claim 266. In connection with the acquisition Trelawney has received documentation to transfer the interest in the claim which will be filed shortly and final transfer of interest in the claim is subject to ministerial approval.

Inmet talking to big guns about Panama potential partnership

TORONTO (miningweekly.com) – TSX-listed Inmet Mining, which ditched plans to merge with Lundin Mining in March, said most major mining companies had expressed interest in buying a 40% stake in its Cobre Panama copper project, and that it had signed

Romios is Pleased at the Granting of a Contract for the Design and Construction of the Northwest Transmission Line

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2011) - Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) ("Romios" or the "Company") is pleased to report that on September 2, 2011 Valard Construction Ltd., one of Canada's largest power line contractors, announced that the team of Valard Construction Ltd and Burns & McDonnell, two high-quality contractors capable of providing turnkey solutions for power system requirements, have finalized a contract with BC Hydro for the engineering, procurement and construction of the Northwest Transmission Line (NTL), a 344-kilometre (213-mile), 287- kilovolt transmission line between Skeena Substation and a new substation to be built near Bob Quinn Lake in northwestern British Columbia.

Puma Exploration Announces Results of Annual and Special Meeting of Shareholders

RIMOUSKI, QUEBEC--(Marketwire - Sept. 9, 2011) - Puma Exploration (TSX VENTURE:PUM) is pleased to announce that all resolutions were approved by shareholders of the Society at its August 26, 2011 Annual and Special Meeting of Shar...

Queenston Adds to its Resource Base in Kirkland Lake with a New NI 43-101 Mineral Resource at Amalgamated Kirkland

QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI) ("Queenston" or the "Company") is pleased to announce an initial mineral resource estimate on the 100% owned Amalgamated Kirkland ("AK") property located in Teck Township near Kirkland Lake, Ontario.

New study: Oilsands could boost economy by $2 trillion

A new study says the oil sands will boost the economy by two trillion dollars and add more than 900,000 new jobs over the next 25 years.