News

Vancouver — An unnamed major international bank has offered $1 billion in the form of a loan toward financing development of the Cerro Casale porphyry gold-copper project in northern Chile.

Virginia Gold Mines (VIA-T) reports impressive gold assays over minable widths from channel samples at the Eleanore project, 320 km north of Matagami, Que.

Golden Star Resources (GSC-T) will not extend its bid for Iamgold (img-t), in the face of a competing, US$2.1-billion deal to merge with South Africa’s Gold Fields (GFI-N).

Toronto Venture Exchange-listed companies showed little enthusiasm over the trading period, as gold moved higher, ranging from US$395 to US$412 per oz. and then dropping to around US$403 in New York. The S&P-TSX Venture Exchange index closed up 26…

Two majors, Alcoa (AA-N) and Newmont Mining (NEM-N), are engaged in grassroots exploration for gold in Suriname.

Vancouver — Ahead of schedule, Abacus Mining & Exploration (AME-V) has fulfilled the terms to earn its acquisition of the Afton project from Teck Cominco (TEK-T). The 70-sq.-km copper-gold project is west of…

Vancouver — Infill drilling by Nevsun Resources (NSU-T) at its Bisha project in Eritrea, East Africa, has outlined high grades in all three levels.

Alexis Minerals (AMC-V) has intersected significant gold and copper on its Cadillac Break properties in northwestern Quebec.

Vancouver — NovaGold (NG-T) has tabled a positive scoping study of its Galore Creek copper-gold-silver project in northwestern British Columbia, while confirming additional mineralization through drilling.

Osisko Exploration (OSK-V) continues to intersect significant gold at shallow depth at its Barry project, 180 km southwest of Chibougamau, Que.

Coeur d’Alene Mines (CDE-N) has launched anew its $2.4-billion offer to buy all the outstanding shares of Wheaton River Minerals (WRM-T).