Majescor plans program for Wemindji
Field programs budgeted at $500,000 will explore promising kimberlite targets on the land holdings of Majescor Resources (MAJ-M). The properties are east of James Bay in northern Quebec.The Quebec Cit…
Ashton Mining of Canada Inc
Gold companies show signs of life after auction
Gold staged a bit of a rally during the May 9-15 report period, as the yellow metal climbed US$3.90 to trade at US$269.10 per oz. in London on the morning of May 16.Amid the price rise, the Bank of En…
Ashton Canada put on block
Rio Tinto (RTP-N) is selling its 65.9% stake in Ashton Mining of Canada (ACA-T).The London-based major acquired the controlling block in the Canadian diamond explorer through the US$418-million takeov…
Buffalo Hills yields low diamond count
The quantity of stones in a kimberlite find at the Buffalo Hills project in north-central Alberta is insufficient to warrant further work.A 223.3-kg sample of drill core from kimberlite K281, discover…
Ashton keen on testing K252 pipe in Alberta
Ashton Mining of Canada (ACA-T) has extracted a second mini-bulk drill sample, weighing 20 tonnes, from the K252 kimberlite on the Buffalo Hills joint-venture property in north-central Alberta.The wor…
Teck
Denver — After spending US$4 billion on acquisitions, Rio Tinto (RTP-N) saw its profits jump 18% in 2000.The London-based mining house posted net earnings of US$1.5 billion (or $1.10 per share), comp…
Analysts select 10 juniors
Times have been tough for the mining sector these past three years. Liquidity remains a critical problem, with speculative investors nibbling selectively at drill hole stories but, for the most part, …
Ashton closes placement
Ashton Mining of Canada (ACA-T) has topped up its treasury with the sale of just under 1.3 million units priced at 75 each. Proceeds are estimated at $940,000.Each unit consists of one flow-through s…
Majescor raises $2.2m
Quebec City-based Majescor Resources (MAJ-M) has arranged a $2.2-million private placement with investment dealer Canaccord Capital. Proceeds are earmarked for diamond exploration in northern Quebec.T…
Flow-through share financings benefit Canuck juniors
Vancouver — Companies with Canadian projects are finding willing investors for flow-through share issues, which provide investors with tax deductions on exploration expenses.- Canabrava Diamond (CNB-…
Year is capped by Aber’s sale of Snap Lake to De Beers
Aber Diamond (ABZ-T) has agreed to sell its 32.24% interest in the promising Snap Lake project to South Africa’s De Beers Consolidated Mines (DBRSY-Q) for $173 million.The move came just days after Lo…
Analysts take shine to diversified juniors
At an in-house conference for the retail side of Yorkton Securities, mining analysts Douglas Leishman and Art Ettlinger highlighted seven diversified junior exploration companies that they regard as r…