News

Messina, a 70.4%-owned subsidiary of SouthernEra Resources, (SUF-T) has satisfied all conditions for a R345-million (US$40-million) loan to construct the Messina platinum-group-metals (PGMs) mine in S…

Denver — A make-or-break exploration program by Trans Hex International (THI-T) is under way at the Barra Grande alluvial diamond project in Brazil.The junior is earning a 50% interest in the project…

Denver — LUKoil, Russia’s largest oil company, is pressuring Archangel Diamond (AAD-V) to sign a document terminating all rights to the Verkhotina diamond licence in northern Russia.Archangel was giv…

Dianor Resources (DOR-M) has begun field work over 14 airborne magnetic anomalies in the James Bay region of Quebec.The anomalies are clustered in a 100-sq.-km area, within granitic terrain near sever…

Vancouver — Mustang Minerals (YMU-V) has joined forces with Falconbridge (FL-T) to explore for diamonds in the Marten River area, near North Bay, Ont.Mustang has obtained a half-stake in the Marten R…

Denver — Sudbury Contact Mines (SUD-T) has withdrawn from the Tonkin Springs joint venture in central Nevada, citing poor exploration results.The company, which was earning a 60% stake in the project…

Vancouver — Three of the four near-surface, sub-parallel kimberlite sills cut by De Beers Canada Exploration in the MZ Lake area have returned varying amounts of microdiamonds.The major hit the sills…

A better understanding of mineralization has led to a 25% increase in reserves at the Red Lake gold mine in northwestern Ontario.Goldcorp (G-T), which began commercial production at the year’s start, …

Muskox Minerals (MSK-V) plans to form a joint venture with British-based platinum producer Lonmin to explore and possibly develop the junior’s platinum-palladium-copper-nickel project in Nunavut.Under…