MVP sells shares of Dundee-Palliser
MVP Capital has sold 2.3 million shares of Dundee-Palliser Resources (TSE) at 14 cents per share, bringing its interest in Dundee to 38.2%. MVP also bought 1.5 million Dundee warrants for $225,000 in …
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Canyon quarterly earnings jump
A 43% increase in net earnings was reported by Canyon Resources (NASDAQ) for its latest quarter ended June 30, compared with results in the year-earlier period. The Colorado-based company announced ea…
Eden Roc boosting daily throughput
Heap leaching at the Ivory Coast, West Africa, property of Eden Roc Mineral (TSE) has produced 5,785 oz. gold bullion to date, the company reports. Bullion contains 95-97% gold. The operation started …
Shadow Mountain program planned
A reverse circulation drill program will test several gold targets on the Shadow Mountain property in California’s San Bernardino district, including an area where a 1938 hole is reported to have inte…
Mahogany, N. Lily acquire claims
A formal agreement to acquire 29 unpatented mining claims in Humboldt Cty., Nev., was recently signed by partners International Mahogany (TSE) and North Lily Mines (NASDAQ). The companies will purchas…
LATIN AMERICA ROUNDUP — Free trade agreement for all?
While Canada, Mexico and the U.S. work at a North American Free Trade Agreement (NAFTA), a U.S. official says it is possible other Latin American nations could be included in the pact. Trade represent…
Waddy drills Komis gold deposit
Drilling is under way on Waddy Lake Resources’ (TSE) Komis gold deposit in the Byers mineral belt northeast of La Ronge, Sask. Waddy plans to complete 10,000 ft. to confirm and expand reserves of 562,…
Drilling planned at Sterling mine
A 10,000-ft. drill program will begin in mid-September on the Sterling mine property, 120 miles north of Las Vegas, Nev. The program is aimed at testing an area outside current reserves that is consid…
LATIN AMERICA ROUNDUP — Dayton mulls Andacollo venture
Management of Dayton Mining (TSE) may retain a financial advisory firm to evaluate merger and business proposals from mining companies interested in its Andacollo gold project in Chile. Dayton has rec…
Princeton studies purchase of Mexican firm’s assets
A due diligence study will be carried out by Princeton Mining (TSE) as the first step of an agreement-in-principle to acquire up to 100% of a private company holding copper, gold and silver properties…
Norita East mine feeding Noranda’s Matagami mill
A new ore deposit in northwestern Quebec has started providing feed to the Matagami zinc-copper mining operation of Noranda Minerals. The Norita East zone, developed during a 4-year period at a cost o…
Tenajon starts new program
A work program by Tenajon Resources (VSE) is under way on the Smith property adjacent to the Snoball project being drilled by Hemlo Gold Mines and Gold Giant Minerals in northwestern British Columbia….