Peruvian Gold launches bid for Gabriel
With a healthy cash position of approximately $12 million, Peruvian Gold (PVO-V) has taken a shine to the eastern European gold projects of Gabriel Resources (GVU-V) and has arranged to merge with the…
News
Finsch prepares for middle age — Increased automation important to underground success
Lime Acres, South Africa — The miner’s instinct to get an obstacle out of the way with a drill and a few sticks of powder is usually a reliable one.But what do you do with an obstacle that is made of…
Sutton to raise funds for Bulyanhulu gold project
A syndicate of investment dealers, led by Bunting Warburg, has agreed to purchase 4.75 million shares of Sutton Resources (STT-V) at $10.65 per share, for gross proceeds of $50.6 million.The underwrit…
COMMENTARY — Partnerships at Musselwhite
The Musselwhite mine of Placer Dome and TVX Gold is situated on traditional lands of North Caribou Lake First Nations in a remote area of northern Ontario. Negotiation of the Musselwhite agreement beg…
Trivalence nets $479 per carat for African gems
Trivalence Mining (TMI-T) has completed a second sale of diamonds from its Aredor diamond mining concession, 700 km east of Conakry, Guinea.The company received a tender price of US$1.36 million for 2…
Kit quantifies George Lake
Kit Resources (KIT-T) has received a new resource estimate for its George Lake gold project near Bathurst Inlet, N.W.T.California-based engineering group Mineral Resources Development (MRDI) has pegge…
STOCK MARKET — TSE soars to record highs while gold and base metals drop — Platinum and palladium bounce back, base metals hold their ground
The Toronto Stock Exchange 300 composite index hit record numbers once again, ending the report period of March 25-31 at 7,551.23, for a gain of 7.27 points from the previous week.The week was stimula…
MOST ACTIVE ISSUES, Mar. 25-31
ExchgVolume($000s)Close.ZSBarrick GoldT1210930.70Placer Dome…
Challenger eyes Wawa region
A joint-venture agreement has set the stage for three junior companies to explore a combined land package in Leclaire Twp., about 50 km northwest of Wawa, Ont.Challenger Minerals (CGJ-V) has agreed to…
LATIN AMERICA — Blue Desert extends Enero
Vancouver-based junior Blue Desert Mining (BDE-A) continues to outline a copper deposit at its Enero property in central Chile, 150 km north of Santiago.Geophysical work on the newly discovered Mulas …
DIAMOND PAGE — Ashton ends winter drilling on up note
Spring breakup conditions in north-central Alberta have prompted Ashton Mining of Canada (ACA-T) to wrap up a successful winter exploration drilling program on the Buffalo Hills joint-venture property…
STOCK MARKETS — Steady as she goes on Western markets — El Misti Gold among most-actives yet again
The Vancouver Stock Exchange composite index remained steady over the report period ended March 24, losing only 0.44 point, or 0.07%, to close at 616.12. The mining index also held its ground, edging …