Minefinders arranges financing for Dolores
Minefinders (MFL-T) has secured commitments for a non-brokered private placement of 1.8 million units priced at 90 cents per unit. Proceeds are expected to total $1.6 million.Each unit will consist of…
News
EXPLORATION ’99 – Cerro Dorado drilling in Chile
Cerro Dorado (CDCH-O) is preparing to drill the Cenizas gold property in northern Chile, having recently acquired the property from Fremont Gold (FGLD-O).The junior will drill up to 20 reverse-circula…
EXPLORATION ’99 – RARE METAL EXPLORATION ROUNDUP — Uganda Gold explores for tantalum
Vancouver-based Uganda Gold Mining (UGM-A) has signed a preliminary option agreement with Ugandan-based Shinda to explore and develop the Nyanga tantalite deposit in western Uganda.The high-grade depo…
EXPLORATION ’99 – NEWS ROUNDUP — Barrick eyes El Valle deposit
Barrick Gold (ABX-T) and Rio Narcea Gold Mines (RNG-T) are discussing a possible joint venture at certain of the latter’s properties in Spain and Portugal.Among these is the El Valle open-pit project …
INSIDER TRADING — Cyprus execs exercise options
After accepting a takeover offer by Phelps Dodge (PD-N), executives of Cyprus Amax Minerals (CYM-N) exercised options worth millions.Jeffrey Clevenger, officer, exercised 237,500 options at US$10.13-1…
Bema finances Julietta as Refugio disappoints
A US$25-million financing agreement is allowing Bema Gold (BGO-T) to draw up construction plans for its 79%-owned Julietta gold-silver mine in Russia.Two European banks have agreed to put up the funds…
Peggy Witte aims for comeback
Margaret (Peggy) Witte, the founder and former head of bankrupt Royal Oak Mines, is hoping to make a comeback by reversing the flagging fortunes of Eden Roc Mineral (EDN-T).”It’s a fresh start for me …
Inco, government talks hint at deal — Hydrometallurgical plant may meet processing demand
Talks between Newfoundland’s minister of mines and energy and senior officers at Inco (N-T) continued in Toronto in late November, suggesting the two sides may be close to a deal allowing development …
Valerie explores property
Valerie Gold Resources (VLG-V) continues to explore its Santa Barbara property in eastern Ecuador while awaiting drill results from a 2,500-metre drill program.The 100-sq.-km property is 425 km south …
Tenke seeks funds for Argentine work
Lundin-led Tenke Mining (TNK-T) has arranged a brokered private placement with Pacific International Securities to sell up to 850,000 shares priced at 90 cents each.The $765,000 in proceeds will be us…
EXPLORATION ’99 – McKenzie Bay, Cambior explore Lac Dor deposit
Cambior (CBJ-T) has teamed up with London, Ont.-based junior McKenzie Bay International (MKBY-O, APPROVAL PENDING) to develop the latter’s Lac Dor vanadium-titanium deposit, 25 km southeast of Chibou…
EXPLORATION ’99 – Cantex eyes Queen of Sheba’s gold
Geologist Charles Fipke has traversed some of the most inaccessible parts of the globe in his search for mineral deposits, with his biggest success being the discovery of economic diamond deposits in …