People (December 22, 2003)
Nord Resources — Ronald Hirsch appointed chairman and CEO; Erland Anderson appointed president, COO and director; Stephen Seymour appointed director; Michael Attaway appointed VP and manager of the J…
2003
Minco closes financing, eyes Chinese projects
Vancouver — Minco Mining & Metals (MMM-V) will use a portion of the proceeds from a bought-deal financing to explore projects in China.The financing was led by Toronto-based Octagon Capital and consi…
DRC cuts gold at Afton
Vancouver — DRC Resources (DRC-T) has intersected shallow porphyry gold mineralization at the Afton mine project near Kamloops, B.C.The intersection occurred about 1 km southeast of the Afton mineral…
Inter-Citic heads to China
Inter-Citic Mineral Technologies (ICI-V) has signed agreements for two property deals in mainland China — one in Qinghai province and the other in Inner Mongolia.The Toronto-based company, which reac…
Goldcorp sells gold hoard
Goldcorp (G-T) has sold off its gold hoard and intends to distribute most of the profits to its shareholders in the form of a special dividend.Debt-free and a long-time true believer in a nascent bull…
SAGC raises Pimenton funds (December 22, 2003)
Aiming to restart the Pimenton gold-copper mine in Chile, South American Gold & Copper (SAG-T) has raised $3.5 million by privately placing 49.88 million units at 7 apiece.On a daily basis between 19…
Southern Star places new shares
Southern Star Resources (SSR-V) has issued more than 1 million flow-through shares to raise $525,000 in gross proceeds.The shares were issued as part of a private placement closed in late November. An…
New zone at Wassa
Denver-based Golden Star Resources (GSC-T) has discovered a new zone of gold mineralization at its Wassa property in Ghana, fueling hopes that it will expand the resource.Studies into the feasibility …
Kalahari cuts gold at Lamaque (December 22, 2003)
Exploration drilling by Kalahari Resources (KLA-V) at the Lamaque property in northwestern Quebec has intersected some high-grade gold mineralization.Hole SX03-07 tested a down-plunge extension of a g…
Anaconda drills at Pine Cove
Drilling is under way at the Pine Cove project near Baie Verte, Nfld., where Anaconda Gold (ANX-V) is earning a 60% interest from New Island Resources (NIS-V).The partners plan to drill 1,500 metres o…
Partners cut gold at Banderas (December 22, 2003)
Vancouver — Partners PilaGold (PRI-V) and Radius Explorations (RDU-V) intersected gold mineralization in all the 10 holes drilled recently at the Banderas project in eastern Guatemala.Eight of the ho…
Alcan secures Pechiney
With Alcan’s (AL-T) 4-billion-euro takeover bid for France’s Pechiney expiring, the Canadian aluminum giant reports that, so far, 92.21% of the fully diluted shares have been tendered.The results are …