LionOre gobbles gold producer
Former iron ore miner LionOre Mining International (LIM-T) has acquired control of Australian gold producer Forrestania Gold.LionOre presented Forrestania shareholders with two options: one LionOre sh…
News
NEWS ROUNDUP — Tri Origin Exploration options Burntbrush gold property
Tri Origin Exploration (TOE-T) will acquire the Burntbrush property, 150 km north of Timmins, Ont., in return for making unspecified exploration expenditures.The 50-sq.-km property was previously expl…
Indochina to sell Vietnamese properties
Indochina Goldfields (ING-T) will sell its interests in two adjoining gold exploration prospects in Vietnam to Olympus Pacific Minerals (OYM-V).The sale, worth US$7.5 million in cash and shares, would…
MOST ACTIVE ISSUES, Mar. 12-18
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Chivor’s Oriente mine flowing green
Chivor Emerald (CHIV.U-C) has achieved commercial production at its Oriente mine, which lies in the Chivor district of Colombia.The emeralds are being mined from a vein system recently discovered at w…
Newmex Mining and Santa Cruz announce Mexican merger proposal
Affiliated juniors Newmex Mining (MEX-T) and Santa Cruz Gold (SCG-T) have begun discussing a “business combination.”Newmex is a wholly owned subsidiary of Great Lakes Minerals (GLK-T) created to contr…
Profits nosedive for Black Hawk
Despite improved operating results at the Keystone gold mine near Lynn Lake, Man., the writedown of an exploration property left Black Hawk Mining (BHK-T) with a loss of $4.1 million (or 2 cents per s…
Claimstaker to gain Zenda gold mine
Having completed a positive due diligence review, Claimstaker Resources (CLN-V) is proceeding with plans to acquire the Zenda gold mine project, 65 km east of Bakersfield in Kern Cty., California.The …
China Clipper signs deal in central China
Ottawa-based China Clipper Gold Mines (CXX-A) will gain interests in various projects in China’s Shaanxi province.The interests are specified in a 3-component agreement signed by China Clipper and the…
Goldcorp confirms Red Lake extension
Exploratory drilling has extended zones of high-grade gold mineralization at the Red Lake mine in northwestern Ontario, Goldcorp (G-T) reports.The extensions were intersected as deep as the 40 level (…
Columbia welcomes financing
Welcome Opportunities (WLO-V) will buy 1 million units of its joint-venture partner, Columbia Gold Mines (COB-V), at $1.15 each.A unit consists of one share and one non-transferable share purchase war…
Costa Rica pulls plug on Placer’s exploration
The government of Costa Rica has ordered Placer Dome (PDG-T) to halt exploration at the Cerro Crucitas gold property, alleging the company is in non-compliance with its environmental impact statement….