Horne had been negotiating with a U.S. partner for a 50% interest in the project for which leaching, the company said, may be the preferred method for metal extraction. That partner, Horne said, has agreed to relinquish its interest to Horne.
A previously announced private placement with World Venture Partners has been cancelled, Canmine Resources said. Canmine, which last traded at 25 cents, revealed that World was unable to meet the payment schedule. The junior reported it is negotiating with other parties for financing for exploration of its San Antonio silver project.
Daniel Resources, unable to find a joint venture partner for a major exploration program on its gold claims, announced it is changing its corporate focus from mineral exploration to venture capital activities. Last trading at 10 cents, Daniel said it has negotiated a $125,000 loan with a private company involved in a charter boating operation.
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