Ventures prepares for Alaskan drilling
Ventures Resource (VRS-V) is evaluating gold occurrences on its Seventy-mile gold property in eastern Alaska.Contractor Watts, Griffis & McOuat has identified 12 gold prospects along the 30-mile Tinti…
News
Santa Fe gets nod for Twin Creeks
The U.S. Bureau of Land Management has approved plans to expand the Twin Creek gold mine in northern Nevada.The decision allows owner Santa Fe Pacific Gold (GLD-N) to expand the pit and thereby gain g…
Banro hunts for gold in Zaire
Toronto-based Banro Resource (BANR-C) is exploring its Namoya gold property in the Maniema province of eastern Zaire.CME Consulting is managing the program, which consists of an airborne geophysical s…
Tri Origin drills to expand Lewis Ponds
A drill program by Tri Origin Exploration (TOE-T) is attempting to expand mineralization at its Lewis Ponds property in New South Wales, Australia.Resources at the Toms zone of Lewis Ponds stand at 1 …
Development work halted at Komis gold mine
The recent slump in gold prices has led to a decision to curtail development work at the Komis gold mine in Saskatchewan.Waddy Lake Resources, a wholly owned subsidiary of Golden Rule Resources (GNU-T…
Sutton boosts Bulyanhulu resource
With preliminary estimates suggesting the Bulyanhulu gold deposit in northwestern Tanzania could contain up to 5 million oz., the directors of Sutton Resources (STT-V) have adopted a shareholder right…
Strong dollar behind gold’s slide
Gold prices continued their slow decline in early February.The London afternoon fix was US$343.40 per oz. on Feb. 5, down $7.70 from the previous Wednesday’s close, and down a stinging $26 from Dec. 2…
Royalstar says bye to Tonkin Springs
Royalstar Resources (RYQ-V) is selling its stake in Gold Capital (GOPC-Q) to Globex Mining Enterprises (GMX-T).An agreement, subject to regulatory approval, would see the Vancouver-based junior sell i…
Australians buy a big slice of IOCC pie
Australian-listed North has struck a US$230-million deal for a 59.3% stake in Iron Ore Co. of Canada (IOCC), Canada’s largest producer of iron ore.The Melbourne-based company bought a 37.6% interest h…
Copperstone closes private placement
Copperstone Resources (CPP-V) has closed a private placement of 800,000 special warrants.Proceeds of $680,000 will be used to pay down debt and finance a drill program on the Lucifer concession in the…
Sulliden drills turning at Red Cliff Pond
Diamond drilling by Quebec-based Sulliden Exploration (SUE-M) has begun at the Red Cliff Pond gold property in Newfoundland’s Baie Verte Peninsula.The junior can earn a 100% interest in the 1,440-ha p…
Pentland hits 200-oz. intersection at Marlhill
The cake: Drilling at the Marlhill property in Hoyle Twp., just east of Timmins, Ont., has confirmed that four mineralized structures continue down-plunge from where they are exposed in old mine worki…