Almaden spins drills at Elk project
Vancouver — Aiming to expand the known resource of the Siwash North and WD vein systems, junior Almaden Minerals (AMM-T) has launched a $350,000 drill program at its wholly owned Elk gold property in…
Wheaton River Minerals Ltd
Gold Fever in BC, Part 2
The exploration and development of porphyry deposits during the 1960s and 1970s had a profound effect on the mining community in British Columbia. Between 1965 and 1987, one out of every four deposits…
Kinross no longer Greystar insider
Recent insider trading transactions reported by the Ontario Securities Commission include the following:o Alamos Minerals (AAS-V) — Chester Millar, director, bought 70,000 shares at 39-57, sold 139,…
Crucitas rights confirmed
Vannessa Ventures (VVV-V) has confirmed that the government of Costa Rica will honour the company’s existing rights to the Crucitas gold project.A decree by newly elected President Abel Pacheco bannin…
Seabridge picks up Tundra
Vancouver — Seabridge Resources (SEA-V) has inked a deal with Newmont Mining (NEM-N) and Total Resources to pick up the Tundra gold project in the Northwest Territories.Situated 150 km north of Yello…
Silver plays ignite despite low prices
The excitement in the gold market appears to spilling over into silver plays, even though the silver price remains well below US$5 per oz.Several would-be silver producers have announced multi-million…
Wheaton arranges financing
To help finance the US$75-million purchase of Minas Luismin, a Mexican gold-silver producer, Wheaton River Minerals (WRM-T) has arranged a brokered private placement comprising 82 million special warr…
Gold index loses lustre
The S&P/TSX composite index slipped 9.1 points during the May 8-14 report period, closing at 7,707.8 points.Gold yo-yoed itself to a US$308.40-per-oz. London afternoon fix on May 14, a net decrease of…
Wheaton River gains Mexican foothold
After spending the better part of a year raising cash and disposing of certain development properties, the revamped management team of Wheaton River Minerals (WRM-T) has struck a deal to buy the minin…
Dia Bras starts Banankoro diamond search
A small private placement is funding Dia Bras Exploration’s (DIB-V) search for diamonds in Guinea.The Montreal-based junior acquired the right to earn a 60% interest in the Banankoro permit, which cov…
CDNX moves moderately higher
Vancouver — Canada’s junior exchange managed to post a modest gain over the week ended March 26. The Standard & Poor’s-CDNX composite index added 6.47 points, or 0.5%, to close at 1164.77.After more …
Rubicon deals ground to Redstar Minerals, Wheaton River
Vancouver — With drilling already under way on its key properties in Ontario’s Red Lake district, Rubicon Minerals (RMX-V) intends to advance some of its other projects by dealing them to experienced…