NEWS ROUNDUP — Aquamin lands Peruvian ground
In the coastal gold belt of Peru, Aquamin Resources (VSE) is set to increase its holdings to more than 25,000 hectares. The Peruvian government is expected to approve recent applications for 16 claims…
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Golden Rule and Manson Creek restructure 1-m-unit financing
A previously announced financing deal between Manson Creek Resources (TSE) and Golden Rule Resources (TSE) has been restructured. Under the current deal, Golden Rule will subscribe to one million unit…
LAST BUT NOT LEAST….Agnico planning notes offering
A preliminary prospectus regarding a proposed public offering of convertible notes due in 2004 has been filed in Canada and the U.S. by gold producer Agnico-Eagle Mines (TSE). The company says the not…
Cadington Resources changes course of business
Cadington Resources (CDN) is hanging up its pick axe to become an industrial and investment holding company. It plans to acquire or merge with businesses which have substantial cash flows and/or under…
LAST BUT NOT LEAST….Nahanni joins with Prospero
Junior Nahanni Mines (TSE) will combine with Prospero Canadian Land Investment Fund to form a new company, RG Properties. The merger calls for a consolidation of one RG share for 12.5 Nahanni shares. …
LAST BUT NOT LEAST….Shoreham samples golden
Rock and soil sampling on the Randsburg property of Shoreham Resources (VSE) has returned widespread gold values. The 15-acre property is next to the Baltic Pit mine of Glamis Gold, near Randsburg, Ca…
Hall of Fame inducts nine members at gala ceremony
Nine new members were inducted into the Canadian Mining Hall of Fame at a dinner and awards ceremony at the Royal York Hotel in Toronto. About 450 people attended the sixth annual banquet. Guests incl…
LAST BUT NOT LEAST….Bitterroot testing garnet prospect
A total of 220 holes of a planned 300-hole definition program has been completed on an alluvial almandine garnet project in Mohave Cty., Ariz. Bitterroot Resources (VSE) says preliminary results confi…
Pacific Metals options Mt. McKendrick gold play
Alberta-listed Pacific Metals has reached an agreement with Habsburg Resources (VSE) to earn a 49% interest in the Mount McKendrick gold showing near Smithers, B.C. The property consists of seven clai…
EDITORIAL PAGE — Engineering some respect
Except for the period of the Industrial Revolution, mining through the ages has seldom been in the good books of society as a whole. The Roman poet Ovid around the time of Christ wrote of those “wicke…
Fort Knox acquires Chibougamau properties
Two base metal properties north of Chibougamau, Que., have been acquired by Fort Knox Gold Resources (TSE). The De Maures and Regnault properties are within the Frotet-Evans greenstone belt which is a…
No mega-projects for Amazon basin
Brazil will stop huge development projects in the Amazon basin and turn instead to smaller-scale efforts which are less harmful to the environment, President Itamar Franco announced recently. Franco’s…