St. Jude outlines Father Brown zone
Junior St. Jude Resources (SJD-V) continues to outline gold mineralization at the Father Brown zone, the primary drill target on the Hwini-Butre concession in Ghana, West Africa.The company holds an o…
News
MINING MARKETS AND INVESTMENT NEWS — Investment Commentary — Analyst sees upside for Quebec-based McWatters Mining
Operating narrow-vein, underground gold mines in Canada requires technical skill and financial staying power, particularly in times of low gold prices.Though relatively new to the game, McWatters Mini…
Platinova reports discovery
Toronto-based Platinova (PAS-T) has discovered what it calls an extensive zone of zinc-lead-silver mineralization on the Washington Land property in northwestern Greenland.Surface grab samples have re…
AMF eyes merger with Nord
Dallas-based America Mineral Fields (AMZ-T) has entered discussions to merge with Nord Resources (NRD-N). Both companies have interests in Africa.AMF is engaged in several joint ventures with large mi…
Cimarron amends placement
Cimarron Minerals (CIU-V) has amended and re-priced a previously announced brokered private placement. The financing now consists of 1.4 million special warrants at 25cents each, for gross proceeds of…
MINING MARKETS AND INVESTMENT NEWS — Nelson Gold repays loan
Proceeds from a recent rights offering by Nelson Gold (NLG-T) are being used to repay a loan.The purchase of four rights entitled holders to buy one share at 27cents.The offering resulted in the issua…
Platinova busy in Greenland
At its West Greenland diamond project, Platinova (PAS-T) has discovered a field of kimberlite boulders containing xenoliths of mantle material on the shore of a lake.The lake is 500 metres in diameter…
MINING MARKETS AND INVESTMENT NEWS — Tiomin finances Kenyan study
Toronto-based Tiomin Resources (TIO-T) expects to raise $1 million through a private placement of 2 million shares priced at 50cents each.The company is preparing to begin a feasibility study at its K…
Drilling hits new zone at Itetemia
Ongoing drilling at the Itetemia gold property in the Victoria Lake gold district in Tanzania has confirmed the volcanogenic nature of mineralization.Tan Range Exploration (TNX-A) reports that five co…
Arizona Star options project in Chilean mineral belt
Arizona Star Resource AZS-V) will acquire control of the Cenizas gold project in northern Chile from Fremont Gold (FGLD-O) and Rio Tinto (RTP-N).Situated 175 km southeast of Antofagasta, the 13,259-ha…
Buchans River options ground from Noranda
St. John’s, Nfld.-based Buchans River (BUY-A) has agreed to option the Little Sandy base metal properties in the central region of its home province.The vendor, Noranda Mining & Exploration, a subsidi…
SouthernEra tallies resource
Toronto-based SouthernEra Resources (SUF-T) has attached a resource figure to the partly owned Camafuca diamond pipe in Angola’s Lunda Norte province.Resources are pegged at 88 million cubic metres gr…