Dayton shareholders battle over merger plans
The directors of Dayton Mining (DAY-T) are facing a shareholder revolt in response to Minorca Resources’ (MAR-T) growing influence in Dayton’s boardroom.On May 27, New York City-based investment firm …
News
Queens’ geology student honored
Steven Olsen has been awarded the 1997 Money Medal for his master’s work in mineral exploration at Queen’s University in Kingston, Ont.The medal, struck from gold-plated Falconbridge nickel, is awarde…
Spectrum seeks PGMs in New Zealand
High prices and demand for platinum and palladium have prompted Spectrum Resources (SPC-V) to option two New Zealand properties prospective for platinum group metals (PGMs).The first property covers 1…
Noveder launches drilling in Quebec, Newfoundland
Montreal-based Noveder (NED-M) has begun new drilling campaigns on several of its gold properties in Quebec and Newfoundland.* Abitibi — At the Abitibi project, near Val d’Or, Que., drill crews are e…
Queenston, Franco start new drilling program
Another round of exploration is under way at the Kirkland Lake project, a joint venture of Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) in northeastern Ontario.The partners have budgeted $…
Kafue consortium shrinks by half — And then there were two.
Majors Noranda (NOR-T) and Phelps Dodge (PD-N) have withdrawn from the Kafue consortium; only South Africa’s Avmin and Britain’s Commonwealth Development remain.Over the past 15 months, the consortium…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Indocan acquires Prodigy
Toronto-based Indocan Resources (IDCN-O) has wrapped up its acquisition of Prodigy Resources.The deal was sealed upon the issue by Indocan of 15 million new shares to Prodigy shareholders. Indocan has…
SouthernEra holds firm at Klipspringer property
Rumors of a potential breakup in ownership of the producing Klipspringer diamond project in South Africa’s Northern Province are unfounded, says SouthernEra Resources (SUF-T).The embattled company’s l…
Taparko drilling confirms size of zone — Full feasibility study expected by year-end
Infill drilling at the Taparko property of High River Gold (HRG-T) has confirmed the structural continuity of the gold deposit in zones 3 and 5.The recently completed 21-hole drilling program forms pa…
GREATES VALUE TRADED, May 27-June 2
ExchgVal($000s)HighLowCloseChangeBarrick GoldT167…
Partners start work program at Free Maria
Operator Cambior (CBJ-T) and equal joint-venture partner MacMillan Gold (MMG-T) have begun an exploration program at the Free Maria gold project, situated in the Huamacucho area of north-central Peru….
Discovery made in Peru — Juniors buoyed by “trespass” drilling
It isn’t often that a junior company is pleased when a major company trespasses on its property to drill a few holes.But Nicholas Tintor, president of New Inca Gold (NIGL-C), says he is “extremely ple…