To fund drilling on its Black Twp. gold property near Kirkland Lake, Ont., Regal Goldfields (CDN) has arranged a private placement. The company is issuing 80,000 units at $2.50 each. A unit consists o…
The Chamber of Mineral Resources of Nova Scotia is establishing an annual Media Award to be given to writers who present the province’s mining industry in a favorable light. The Chamber plans to prese…
John Geller appointed vice-chairman.
Having completed the feasibility study on its Bajo de la Alumbrera deposit in northwestern Argentina, International Musto Explorations (TSE) is seeking a partner to help develop the US$550-million pro…
Success has resulted from initial bioleach tests on copper sulphide ores from the Santo Tomas porphyry property in western Mexico. Exall Resources (TSE) submitted a composite sample to the Rio Tinto Z…
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 30 Nov. 29 Nov. 26 Nov. 25 Nov. 24 Copper 1629-1630 1643-1644 1633-1634 1631-1632 1629-1630 Lead 419-420 420-421 415-416 403-404 40…
Kookaburra Resources (TSE) has gained control of the Tacaza copper project in southwestern Peru. The company paid US$50,000 after agreeing to pay a further US$500,000 over 3.5 years to acquire the pro…
Funding for further work at Chile’s Aldebaran property is at hand for Arizona Star Resource (VSE). Subject to regulatory approval, the company has negotiated a brokered private placement of up to thre…
TVX Gold (TSE) will acquire Homestake Mining’s (NYSE) half interest in the Mineral Hill and Jardine joint ventures. The agreement will bring TVX’s interest in both Montana gold properties to 100%. TVX…
Four related companies plan to amalgamate under the name CanGold Resources. The four are Hughes Lang (VSE), Orofino Resources (TSE), Nova-Cogesco Resources (TSE) and Equity Reserve (TSE). Under the pl…
I would like to thank The Northern Miner for bringing to the public’s attention the fact that Canada’s central bank gold reserves will be zero in another 24 months at the present rate of selling by th…
A rights offering has netted Canuc Resources (CDN) about $510,000, enabling the company, once again, to explore for minerals. It is now evaluating two gold properties in Mexico and Spain. In other new…
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