Imperial agrees to buy Regional
Junior Imperial Metals (IPM-T) is offering either 0.8 of a share or $1 cash for all the outstanding shares of Regional Resources (RGL-T).Regional’s main asset is an 82.15% interest in the Midway proje…
News
World Wide bullish on Kazakhstani uranium project
The preliminary due diligence report on the first phase of a uranium mining project in Kazakhstan has produced positive results.The property is owned by Tselinny, a state-owned company centred on uran…
Orvana to explore Don Mario at depth
In its next phase of drilling on the Don Mario deposit in Bolivia, Orvana Minerals (ORV-T) will focus on the structure’s down-plunge extension.In the first phase, the company intersected an average tr…
Placer Dome intersects gold at property near Detour Lake
Drill holes on two projects in the Detour Lake area of northeastern Ontario have intersected gold mineralization.Placer Dome (PDG-T), drilling on a property it holds under option from Gowest Amalgamat…
OBITUARY — Paul Penna
Paul Penna, chief executive officer and president of Agnico-Eagle Mines, has died. He was 73.The head of Agnico-Eagle for 33 years, Mr. Penna began his career as a seller of penny-stock on Bay Street …
Ellios explores in Greenland
A total of 228 heavy mineral concentrate samples have been collected from stream sediments downstream of circular-shaped lakes on ground held by Ellios Resources (EOR-V) in Greenland.The company acqui…
LITERATURE REVIEW SPECIAL — Great Lakes funds work at Palmarito
Toronto-listed Great Lakes Minerals (GKM-T) has secured US$1 million in financing for its Palmarito silver-gold project in Mexico’s Sinaloa state.Repadre Capital (RPD-T) will provide the funds in retu…
NEWS ROUNDUP — Santa Cruz finds zone at Magistral
Junior Santa Cruz Gold (SCG-T) has intersected a new zone following drilling at its Magistral gold project in Sinaloa state, Mexico.Infill hole MDH-281, drilled to test the updip potential of the San …
NEWS ROUNDUP — Globex has chance at Quebec deposit
Junior Globex Mining (GMX-M) has reached an agreement to earn a 50% interest in the Wood gold deposit near Cadillac, Que., once Amblin Resources acquires full ownership of the deposit.Under the agreem…
Misty Mountain adds to Harmony deposit
Drill results from the Harmony gold project in British Columbia’s Queen Charlotte Islands continue to impress owner Misty Mountain Gold (MGL-T).Misty is systematically drilling the Specogna deposit on…
LITERATURE REVIEW SPECIAL — NEWS ROUNDUP — Softrock steps up exploration
Softrock Petroleums (STZ-A) has applied for a third mineral exploration licence in Greenland.When issued, the new licence will cover 30,000 acres in west Greenland, where kimberlite dykes and microdia…
IAMGOLD, Ashanti launch US$38M program
Reverse-circulation drilling has intersected mineralization on three of 10 West African concessions owned by partners IAMGOLD (IMG-T) and Ashanti Goldfields (AGC-T).The results represent the first pha…