Fortune Minerals progressing on two fronts
Vancouver – Fortune Minerals (FT-T) goes into 2011 with big ambitions for its two feasibility-stage projects after a year of steady progress.
Gold
Atac revels in rewards
SITE VISIT
Slam cashes up to fund exploration in Ontario and New Brunswick
Slam Exploration (SXL-V) has topped up its treasury with a series of private placement financings as it prepares to resume exploration drilling early in the New Year on the Reserve Creek gold project in northern Ontario and the Silverjack base…
Avion adds to its West African portfolio
Avion Gold (AVR-T,AVGCF-O) continues to bulk up on West African gold assets as it has closed a deal to acquire the Kofi property in Mali from Axmin (AXM-V). In total Avion will pay Axmin $500,000 in cash and issuing 4.5 million shares for the…
Blue Note gets extension on Croinor acquisition
Blue Note Mining (BNT-V) has three more months to tie up its acquisition of First Gold Exploration’s (EFG-V) stake in the Croinor gold project and the Matchi-Manitou property. The deal was originally announced in July with the closing date set…
Geologix keeps its simple at Tepal
TEPALCATEPEC, MEXICO — In early 2009 Geologix Explorations (GIX-T) found itself at a turning point. The company had just decided not to exercise its right to buy the San Agustin polymetallic project …
Rio Alto to raise $50 million for La Arena
Rio Alto Mining (RIO-V, RIOAF-O) is raising $50 million in a private placement to fund its La Arena copper-gold project, 480 km northwest of Lima in Peru.
South American Gold looks to ride the Colombian gold wave
The recently re-minted South American Gold (SAGD-O) is looking to tap into Colombia’s gold potential. To do so the Richmond, Indiana-based company is aiming to acquire privately-held and Colombian-based Kata Enterprises and its 85% stake…
NovaGold makes run at Copper Canyon partner (December 22, 2010)
Just days before Christmas, NovaGold Resources (NG-T, NG-X) has surprised Copper Canyon Resources (CPY-V) by announcing plans to make an unsolicited takeover bid for the company and its 40% interest in the Copper Canyon copper-gold project in…
Southwestern’s Paterson arrested
Vancouver – After a three-and-a-half year investigation involving police in Vancouver, Hong Kong, and China, John Paterson, founder and former CEO of Southwestern Resources, has been arrested and charged with nine counts of criminal fraud.
Good early results for Eaglecrest
Eaglecrest Explorations (EEL-V) turned in some promising results from a first-pass sampling program at its Fredonia project in Colombia. The highlight assay graded 8.25 grams per tonne gold and 47.5 grams per tonne silver and came from an…
Monument makes it happen in Malaysia
SITE VISIT KUALA LIPIS, MALAYSIA — True believers will persevere in the face of adversity. When the believers are mine builders, the recession of 2008-09 was the picture of adversity…