Mexico’s Echavarria to take 39% stake in Animas
Mexican investor Ernesto Echavarria has given Animas Resources (ANI-V) a $3.4-million cash injection as it works to advance the Santa Gertrudis gold project in northern Mexico.
Volume 97 Number 31 Sep 19 - 25, 2011
Cadillac Ventures boosts resource at Thierry mine project
Cadillac Ventures (CDC-V) has increased measured and indicated resources by 33% and inferred resources by 75% at its 100%-owned Thierry polymetallic mine project in northwestern Ontario, based on drilling completed in 2010 and 2011.
Rapid progress for Atacama Pacific’s Cerro Maricunga
Thanks to several years of work as a private entity, Atacama Pacific Gold (ATM-V) came out of the gates running last year with a $33-million initial public offering and an advanced gold project in Chile.
Strong drill results from Queenston
Queenston Mining (QMI-T) has completed nine new drill holes at its wholly owned Upper Beaver gold-copper deposit in Kirkland Lake, Ont.
Iamgold sells Mupane gold mine
Iamgold (IMG-T, IAG-N) has pruned the last of its non-core assets with the recent sale of the Mupane gold mine in Botswana to Galane Gold (GG-V).
Magino holds promise for Prodigy Gold
Results from infill and resource expansion drilling at Prodigy Gold’s (PDG-V) Magino gold project near Wawa, Ont., sent the junior’s shares up 10% to close at 64¢ on Aug. 30.
Positive results for Lake Shore’s Thorne
Promising assays from Lake Shore Gold’s (LSG-T) Thorne gold property in Timmins, Ont., did little to lift the company’s shares. The junior has been trading near its 52-week low of $1.91 on Aug. 15, 2011, since releasing dismal second-quarter…
Paladin funds uranium mine expansion
Paladin Energy (PDN-T) “remains the only significant public uranium producer without a strategic investor or alliance,” making the company “a very attractive takeover target,” Canaccord Wealth Management remarked in a note to clients in late…
China Gold boosts Jiama’s resource
China Gold International Resources (CGG-T) is working hard to impress the market with its Jiama copper mine in China, as it boosts resources and looks to undergo a major mine expansion.