People
Bear Creek Mining – Lisa May appointed director of investor relations.
News
Correction
In “PDAC 2012 Awards” (TNM, Jan. 16-22, 2012, Page B14) the date of the awards evening should have read March 5, 2012.
Korean consortium buys into Inmet’s Cobre Panama
Korea Resources and LS-Nikko Copper are exercising their option for a 20% stake in Inmet Mining’s (IMN-T) Cobre Panama, a large, open-pit copper development project in Panama.
Goldbrook likes Jilin Jien’s offer
Goldbrook Ventures (GBK-V) is being taken out by its Chinese partner in the famed Raglan mining district.
Allegations against Winsway hurt Grande Cache Coal
Allegations of possible securities fraud against Winsway Coking Coal by an unknown research firm called Jonestown Research may spell trouble for Grande Cache Coal (GCE-T).
Lupaka gains 100% ownership of Crucero
Lupaka Gold (LPK-T) now indirectly owns 100% of the Crucero gold project in Peru, after buying the remaining 40% stake of a subsidiary that held the deposit for US$9.2 million in cash and stock.
Entourage gets first sniff of high-grade gold near Hemlo
Entourage Metals (EMT-V) has added a second drill rig to its Black Raven gold prospect in the Schreiber-Hemlo greenstone belt of Northern Ontario following encouraging first-pass drill results.
Brilliant Resources looks to shine in Equatorial Guinea
Vancouver – There are few countries in the world without active mineral exploration, but before Brilliant Resources (BLT-V) showed up Equatorial Guinea was one of them.
Short Position Report
Rockgate bulks up resources at Falea
Rockgate Capital (rgt-t) recently reported a 258% increase in the contained uranium resource in the measured and indicated category at the Falea project in western Mali.
Credit crunch no problem for Quartermain’s Pretium
Robert Quartermain’s Pretium Resources (PVG-T, PVG-N) has started the new year with a bang, announcing plans on Jan. 19 to raise $18.5-million in flow-through funds at $18.50 a share. The bought-deal financing led by Salman Partners represents…
Crosshair boots resource higher at Bootheel
Shares of Crosshair Energy (CXX-T, CXZ-X) were up 11.90% or 5¢ at 47¢ per share in mid-morning trading in Toronto after the junior announced it had raised the resource estimate for the Bootheel uranium project in southern Wyoming’s…