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…
News
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…
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…