Great Lakes buys — Mexican gold play
Great Lakes Minerals (TSE) has picked up an option to buy a 100% interest in the Lluvia del Oro gold project in Mexico. Approximately 200 km south of Tucson, Arizona, the property hosts a gold-mineral…
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Noble Peak works polymetallic play
A field program is to begin on MH Resources’ Mag Lake polymetallic project near Rankin Inlet, N.W.T. A private company, MH was formed to combine the interests of Noble Peak Resources (ASE), Dejour Min…
Tri-Origin funding
Toronto-listed Tri-Origin Exploration has arranged a bought deal with Gordon Capital to raise $1.05 million. The deal consists of 500,000 units at $2.10 per unit. Each unit consists of one common shar…
LATIN AMERICAN ROUNDUP — Explorers show interest in Mexico
More than 100 companies, mainly from Canada and to a lesser degree from the U.S., Japan and Australia, are showing an interest in Mexican mining projects. This is largely due to changes in Mexican min…
Jordex sells Latin nickel deposit
Although investors are looking to Venezuela for its undeveloped gold potential, a junior company is poised for a significant return on an investment in a laterite nickel deposit, 65 miles southwest of…
COMMENTARY — Indian silver imports relaxed
The habit of relaxing precious metals regulations in India is catching. Last year, it was gold; this year, silver. The Indian government announced in February that, for the first time in more than 40 …
Kinross acquires U.S. gold bets
Even before Kinross Gold (TSE) made front page news this week with its purchase of Falconbridge gold it had begun building an asset base with the acquisition of two small U.S. gold mines and two minin…
Amer. Barrick earnings jump 72%
A consistently outstanding performance at its Goldstrike mine in Nevada helped American Barrick Resources (TSE) post significant increases in production, earnings and cash flow for the first six month…
NEWS ROUNDUP — Soquem exercises MSV warrants
Exploration in the Chibougamau, Que., area will get an extra boost following Soquem’s decision to exercise warrants of MSV Resources (ME). Under a $1.2 million private placement agreement signed last …
NEWS ROUNDUP — Glimmer, Hemlo to drill 31 holes
A 31-hole, 4,600-metre program will be completed on the Hislop Twp. property in northeastern Ontario this year, says Glimmer Resources (VSE). The program, expected to cost $322,000, is designed to pro…
STOCK MARKETS — Diamond stock sell-off dampens western
Weakness on major eastern markets and an extended pause in the gold rally at the US$390 level, combined with some heart-stopping air pockets in the diamond issues, helped push western markets down ove…
Equinox funds Rosebud deal
With a $9-million private placement now closed, Equinox Resources (TSE) is on its way to buying the Rosebud gold project, in Nevada, from Lac Minerals (TSE). The purchase price for the 51% interest is…