Stillwater rights offering falls through
Vancouver — A private equity fund has withdrawn its US$100-million rights offering for shares in Stillwater Mining (SWC-N), putting the fate of the Montana-based company firmly in the hands of Russia…
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Nevada Pacific targets Limousine Butte (June 09, 2003)
Vancouver-based junior Nevada Pacific Gold (NPG-V) is preparing to drill-test the Resurrection Ridge zone on its 40-sq.-km Limousine Butte gold project in east-central Nevada.Resurrection Ridge is one…
Midway cuts more gold in Nevada
Vancouver — Midway Gold (MDW-V) has been focusing its efforts on its namesake gold property in Nevada’s Nye Cty., where it is engaged in a joint venture with Newmont Mining (NEM-N).Midway lies betwee…
Junior explorers target Tonopah district
Vancouver — LEH Ventures (LEH-V) has become the latest junior exploration company to join the hunt for gold in the Tonopah region of Nevada.The company inked a deal to earn a 60% stake in the Baxter …
PFN, Freegold ink deal with Lonmin
Vancouver — Harry Barr-led Pacific North West Capital (PFN-T) and Freegold Ventures (ITF-V) have entered into an agreement with London-based Lonmin, the world’s third-largest primary producer…
Mindoro cuts high gold grades at Lobo (June 09, 2003)
Vancouver — Initial results from ongoing drilling by Mindoro Resources (MIO-V) have confirmed the high-grade potential of the Lobo gold property in the Philippines.The first hole tested the downdip e…
Exchange Rates (June 09, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 3June 2May 30May 29May 28US$ in C$1.37581.36951.37081.3769…
Castleworth boosts Pan
Vancouver — According to a new resource estimate, Castleworth Ventures’ (WTH-V) Pan deposit in Nevada contains 467,000 oz. gold.The new figure, calculated by Reno-based Mine Development Associates, m…
Apollo Gold advances projects in western United States
Vancouver — Denver-based Apollo Gold (APG-T) is gradually moving its Montana and Nevada mine projects toward commercial production.For the first quarter, Apollo Gold tabled a net loss of $1.86 millio…
Terraco assembling Nevada property package
Through a series of three property deals, Terraco Gold (TEN-V) hopes to assemble a package of drill-ready gold targets in Nevada.In a deal with Newmont Mining (NEM-N), Terraco can acquire the Tuscaror…
Dumont drills Cane Springs
A three-hole drilling program at the Cane Springs gold project in western Utah, about 100 miles southwest of Salt Lake City, has turned up altered shear zones along strike from previously known minera…
Miramar cuts bonanza grades at depth (June 09, 2003)
Vancouver — Miramar Mining (Mae-T) is buoyed by the initial results from a program aimed at testing the depth potential of the Boston deposit on the Hope Bay gold project in Nunavut.Gold-mineralized …