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…
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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…
EDITORIAL PAGE — Pay up or give back Windy Craggy
Royal Oak President Margaret (Peggy) Witte and British Columbia Premier Glen Clark will probably never agree on much, apart from the weather. But one thing they do share is a stake in the fate of the …
First Dynasty joins JV in Armenia
Junior First Dynasty Mines (FDM-T) has entered an agreement with the Armenian government to upgrade two gold mines in the former Soviet republic.Other participants in the project include New York-base…
Britannia Gold gains new Mexican prospect
The Mexican subsidiary of Britannia Gold (BGP-V) has acquired another prospect in southern Mexico.The 193-ha Xochipala gold-silver property is in Guerrero state, surrounded by the Morelos Reserve, whi…
Bolivar gives green light to Tomi gold project
Toronto-based Bolivar Goldfields (BVG-T) has retained the services of an independent financial company to raise funds for the development of its Tomi gold deposit in Venezuela’s Callao district.A feas…
Drilling program enhances Zappa’s Plata property in Ecuador
Drilling has enabled Zappa Resources (ZPA-V) to extend the favorable massive sulphide lens at the Ecuadorean concession known as La Plata, where Cambior (CBJ-T) is carrying out an exploration program….
GUEST COLUMN — Placer gold mining thrives
America has a lot of flakes, especially of the gold variety. The country also holds its share of gold nuggets and dust, and, each year, prospectors and miners search for these forms of the yellow meta…
THE DIAMOND PAGE — Sable kimberlite pipe replaces Leslie at diamond project in N.W.T.
At the NWT Diamonds project near Lac de Gras, the richer Sable pipe has replaced the Leslie pipe as a target of mining.A 1,096-tonne sample from the Sable pipe returned 1,070.3 carats, for a grade of …
Fairstar Explorations tests zones at gold properties in Ghana
Junior Fairstar Explorations (FFR-M) has begun exploring two of its gold properties in Ghana.At the previously unexplored Abuakwa property, the company is preparing a grid for upcoming soil and ground…