Tintina acquiring Yukon molybdenum property
Regulators have approved Tintina Mines’ (TSE) purchase of Amoco Canada Petroleum’s 50% interest in the Red Mountain molybdenum deposit. Tintina currently owns the other half. The deposit, 50 miles nor…
News
LAST BUT NOT LEAST — Eureka financing complete
Vancouver-listed Eureka Resources (VSE) has negotiated a private placement of slightly more than a million shares at 17 cents per share. The placement carried with it an option on an additional millio…
LAST BUT NOT LEAST — Queenston completes placement
Toronto-listed junior Queenston Mining (TSE) has completed a Euro Equity offering with European investors for 441,000 units at 85 cents per unit. The units consist of one share and one warrant; two wa…
LAST BUT NOT LEAST — Hemlo options Labrador trough gold
Toronto-listed Hemlo Gold Mines can earn a half interest in Virginia Gold Mines’ (ME) Sagar III property in the Labrador trough area of Quebec. To do so, Hemlo must spend $2.5 million on exploration a…
LAST BUT NOT LEAST — Crystallex acquires more properties
A US$11-million acquisition is expected to almost double the land package held by Crystallex International (VSE) in northeastern Venezuela. The junior has signed an option agreement to acquire four co…
Cominco Resources selling Lobo in Chile
Under an agreement to buy a half interest in the Lobo gold deposit and adjacent properties, Teck (TSE) has paid a deposit of US$1.6 million to Cominco Resources International (TSE). The properties, in…
A primer for Cuban-bound geologists
It comes as no surprise that mineral explorers are showing interest in the Santa Clara region of central Cuba. The area contains some of the most prospective geology on the island and hosts several hu…
Viola MacMillan: 1903-1993 — Industry loses `queen bee’ of
A pioneer of the Canadian mining industry, Viola MacMillan, has died in Toronto. She was 90. A prospector who headed the Prospectors and Developers Association of Canada (PDAC) for 21 years until the …
Bolivar Goldfields to spend $5-million
VSE-listed Consolidated Cassandra Resources plans to spend US$5 million exploring its new land package in Bolivar state, Venezuela. The company is expected to change its name to Bolivar Goldfields to …
NEWS ROUNDUP — Deak pours first Astoria brick
The first gold brick from the Astoria gold mine in northwestern Quebec was poured recently by Deak Resources (TSE). Ore from the Yorbeau project near Rouyn-Noranda, Que., is being trucked to Deak’s Vi…
NEWS ROUNDUP — Eden Roc drills at Anuiri mine
By drilling on its gold project in Ivory Coast, Eden Roc Mineral (TSE) hopes to be able to confirm reserves and thereby triple production. Eden Roc has a 68% interest in Societe des Mines d’Afema, own…
NEWS ROUNDUP — Annabel options Wyoming gold play
Vancouver-listed Annabel Gold Mines (VSE) can earn a half interest in the Carissa property in Wyoming from Hol-Lac Gold Mines (CDN). The property consists of 12 patented lode claims and five patented …