Ashanti proves up Youga
Drilling by Ashanti Goldfields (ASL-N) on the A2 Main deposit at the Youga project in Burkina Faso, West Africa, has returned some encouraging intersections.Highlights are as follows:– Hole 10 — 37….
Etruscan Resources Inc
Diamondiferous gravels outlined at Tirisano (September 01, 2003)
An independent resource update has increased the volume of diamondiferous gravels at the Tirisano mine in South Africa, reports Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V).South Afr…
Insider Trading: Sodemex trims Aurizon account
Recent insider trading transactions reported by the Ontario Securities Commission include the following:– Agnico-Eagle Mines (AGE-T) — Leanne Baker, director, bought 2,500 shares at US$10.45 to hold…
Etruscan, Semafo break ground in Niger
Having raised US$27 million in a debt financing, partners Etruscan Resources (EET-T) and Semafo (SMF-T) are stepping up construction of the Samira Hill gold project in Niger.Under the financing deal, …
Samira Hill funding in place (June 02, 2003)
A group of lenders led by the African Development Bank (ADB) and including Semafo (SMF-T) has approved a US$27-million loan to La Socit des Mines du Liptako (SML) to develop the Samira Hill gold pro…
Loan puts Tirisano expansion on fast track
A loan from the Industrial Development Corporation of South Africa will enable Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) to expand their Tirisano alluvial diamond mine in that cou…
Eldorado, Romarco insiders trim holdings
Recent insider trading transactions reported by the Ontario Securities Commission include the following:– Aquiline Resources (AQI-V) — Marc Henderson, director, bought 60,000 shares at 21-25 apiece…
Correction (April 28, 2003)
Etruscan Resources (EET-T) owns 51% of the Tirisano alluvial diamond mine and related properties in South Africa, not the 75% figure it has used in some news releases and which we reported in “Latest …
Latest Tirisano auction a hit (April 21, 2003)
The latest parcel of diamonds pulled from a test panel dug at the Tirisano alluvial diamond mine in South Africa has fetched more than was expected, lending further support to the revenue projections …
Etruscan overcomes problems
Although it is still behind schedule, the fledgling Tirisano alluvial diamond mine in South Africa appears to have turned the corner.Etruscan Resources (EET-T) advanced Tirisano to production in Novem…
Prudent Bear Funds beefs up Western Silver holdings
Recent insider trading transactions reported by the Ontario Securities Commission include the following:q Alamos Minerals (AAS-V) — Chester Millar, director, bought 258,000 shares at 47-53 apiece to…
Exploration heats up again in Mali
Gold prices are back up and explorers are back to work, and it need be no surprise that southwestern Mali, with three gold producers pouring plenty of low-cost ounces, has returned to favour among jun…