British Columbia Cutting Regulatory Red Tape

Rich Coleman, British Columbia Minister of Energy, Mines, and Natural Gas, announced in late January 2013 a package of regulatory changes designed to cut red tape and make exploration and mining more efficient in the province.

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Great Western Minerals

Great Western Minerals is undertaking an additional 9,400-m, 65-hole diamond drilling program at its Steenkampskrall rare earths project, located 350 km north of Cape Town in South Africa’s Western Cape province.

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NovaCopper Releases Compliant Mineral Resource Estimate

NovaCopper has released an initial NI 43-101-compliant mineral resource estimate for the South Reef zone of its Bornite project in the Ambler mining district in northwestern Alaska. At the base case 1% copper cut-off grade, the South Reef zone is estimated to contain an inferred resource of 43.1 million mt at 2.54% copper, or 2.4 billion lb of contained copper.

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Corex Gold Finalizes Agreement With Vale

Corex Gold has finalized an agreement with Vale whereby Vale can acquire up to a 65% interest in Corex’s Santana gold project in Sonora, Mexico by making work expenditures of $16 million over a period of six years. Exploration work on the 8,500-ha Santana property is targeting a multi-million-oz copper-gold porphyry deposit.

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