Navigator closes $1m financing
Junior Navigator Exploration (NVR-A) has completed a $1-million private placement consisting of 4 million units priced at 25 cents each.A unit consists of one share and one warrant entitling the holde…
News
DIAMOND PAGE — Kimberlite sill outlined
Drilling at the Back Lake diamond project, 100 km south of Lac de Gras in the Northwest Territories, has traced the Munn Lake kimberlite sill for 1.3 km along strike.Partners Island-Arc Resources (IAR…
Partners close mine purchase
Partners Golden Star Resources (GSR-T) and Australian-listed Anvil Mining have bought the Bogoso gold mine in Ghana’s Ashanti trend.The companies will make an initial combined payment of US$6.5 millio…
Workshops to prime miners, suppliers for China trade mission
A workshop on business opportunities and private investment in China’s mining and minerals industry will be held Oct. 21 at the Hilton Toronto Airport Hotel, three months before a Canadian trade deleg…
Fort Knox tests Wings Point
Preliminary drilling at the Wings Point property in north-central Newfoundland has returned heartening results for Fort Knox Gold Resources (FNX-T).Three of the four shallow holes each returned one in…
Anglogold comes to the aid of Acacia
Titan Anglogold (AU-N) intends to take over Australia’s Acacia Resource by 3.5 shares in exchange for 100 shares of Acacia, valued at a 24% premium on the Australian Stock Exchange.Meanwhile, rival bi…
Rubicon works at Palmer
Rubicon Minerals (RMX-V) has raised $250,000 in a private placement, with proceeds earmarked for drilling on its Palmer base metal project near Haines, AlaskaThe placement consisted of 500,000 non-flo…
LATIN AMERICA — Trans Hex digs in at Barra Grande project in Brazil — Black Swan forgoes option on Jequitinhonha River diamond property
Brazilian rivers have long-been known for their diamond potential, and partners Trans Hex International (THI-T) and Verena Minerals (VMCO-C) are showing their Barra Grande property, on the banks of th…
Lonmin makes offer for Ashanti Goldfields
Lonmin has come through with a merger offer for troubled Ashanti Goldfields (ASL-N), valuing the Ghanaian gold miner at US$820 million.The London-based platinum producer was offering 0.744 share for e…
PEOPLE — Minaterra
Brian Wallace appointed director.
PEOPLE — Homestake (October 18, 1999)
Igor Levental appointed vice-president, investor relations; Stephen Orr appointed vice-president, North American operations.
Romarco buoyed by Goldfield results
Initial drilling at the Goldfield project in southwestern Nevada has returned encouraging results for Romarco Minerals (R-T).The company drilled 77 holes (33,865 ft.) at the 15,000-acre property in a …