Freewest options Kinbauri gold play
Montreal-based junior Freewest Resources (TSE) has agreed to earn a 60% interest in Kinbauri Gold’s Morrisette Creek gold property. The property, consisting of 30 claims northeast of Kirkland Lake, On…
News
TVX drilling Ecuadoran play
A 300-metre-long hole drilled by TVX Gold (TSE) at its 94%-owned Pachicutza property in Ecuador yielded an intersection that averaged 1 gram gold per tonne over 171 metres. This included a 36-metre se…
Molejon gold discovery adds to Petaquilla project
Drilling on the Molejon deposit on the Petaquilla property in Panama is returning gold values for Adrian Resources (TSE). Based on 11 holes drilled to date, indicated and inferred geological resources…
Lac des Iles dispute settled
The Sheridan Platinum Group (SPG) and TSE-listed North American Palladium (NAP) have reached a settlement concerning a dispute over the Lac des Isles platinum-palladium mine near Thunder Bay, Ont. As …
Hemlo discovery at Bear Lake
Four holes totaling 8,850 ft. have been drilled on the Bear Lake joint venture near the Cheminis mine in the Kirkland Lake-Larder Lake area in Ontario. Bear Lake is under option to Hemlo Gold Mines (T…
Detector inks deal on Ontario plays
Alberta-listed Detector Resources has completed a major transaction involving a private placement and agreements to earn interests in two properties in northwestern Ontario. Detector has privately pla…
NEWS ROUNDUP — Noranda to drill Dileo Lake play
Late this summer, Noranda (TSE) plans to drill-test Fancamp Resources’ (VSE) Dileo Lake base metal property northeast of Chibougamau, Que. During a trenching program last summer, Noranda outlined high…
TVI Pacific drilling project on island in Philippines
Two drills are at work at the Canatuan copper-gold property of TVI Pacific (ASE) on the Philippine island of Mindanao. An initial 27-hole program is testing the relatively flat-lying deposit’s 1.2-km …
Cons. Bonanza to acquire gold mine in Mozambique
Alberta-listed Consolidated Bonanza Metals will acquire all of the shares of Mincor Mozambique, which holds a 20-year mining licence in Mozambique. The licence contains the Monarch gold mine, which co…
EDITORIAL PAGE — Lively bidding battle
The summer doldrums were kept at bay this year by the lively battle for control of Lac Minerals, launched by Royal Oak Mines in early July. The company recently withdrew from the bidding war, paving t…
Elsewhere Overseas; Cash Resources granted Yukon trenching
A controversial federal land use permit allows Cash Resources (VSE) to drive an excavator onto its Killer Gold project for trenching purposes. Government biologists, environmentalists and native group…
NEWS ROUNDUP — Amer. Wollastonite seeks listing
Vancouver-listed American Wollastonite Mining has filed with the U.S. Securities and Exchange Commission to register its common shares under the U.S. Securities Exchange Act of 1934. The company is re…