Curator placement will advance Boleo
A private placement of 400,000 units at $12.50 each will net $4.7 million for International Curator (TSE) after commissions.The units include a share and half a warrant, with each whole warrant good f…
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St. Genevieve spreads wings
Already a force in Ethiopian mineral exploration, St. Genevieve Resources (TSE) has been granted a large new concession with placer gold potential.The Serkole concession, situated in Ethiopia’s Benish…
Bre-X outlines mineralization at Busang gold project
Alberta-listed Bre-X Minerals continues to post drill results from its Busang project in Kalimantan, Indonesia.Drill results have been released for two new cross-sections of the Busang drill grid. The…
THE DIAMOND PAGE — Diadem Res. finds diamonds in California
Two samples from Diadem Resources’ (ME) property in Leek Springs, Calif., indicate diamond-bearing lamproite.The samples confirm the presence of about 130 clear diamond shards at the first drill hole….
STOCK MARKETS — Markets rally after release of U.S. job figures
The Vancouver Stock Exchange composite index responded to a second consecutive month of stronger-than-expected U.S. job creation figures by rallying up 18.82 points over the report period ended April …
Esperanza to be explored in 1996
A major exploration program on the Esperanza gold property in Costa Rica will be carried out this year.Lyon Lake Mines (ME) reports that the program will cover all four of its concessions, which total…
Drilling starts at Nettogami Lake
A drill program by Leader Mining International (ASE) will test the mineral potential of the Nettogami Lake project in northern Ontario.A total of 18-20 holes are planned for the Nettogami Basin, which…
Echo Bay Mines to acquire half of Santa Elina
In the latest attempt by a major to expand its operations, Echo Bay Mines (TSE) will buy a half interest in Brazilian-oriented Santa Elina Gold (TSE).The New York City-based company is held 66% by Ser…
Granges arranges private placement
A recent agreement with several underwriters is expected to add funds to the treasury of Toronto-listed, intermediate gold producer Granges.The private placement agreement is for 7.7 special warrants …
Scorpion joins with Dundee-Palliser in Indonesia
Newly listed Scorpion Minerals (TSE), which recently merged with Dundee-Palliser Resources (TSE), will spend $6.9 million exploring five properties in Indonesia.The funds derive from proceeds generate…
Eldorado adds to Energold holdings
By purchasing 3.2 million shares of Energold Mining (VSE) in a private transaction, Eldorado (TSE) has boosted its stake in the company to 48.8% from 16.16%.In doing so, Eldorado is positioning itself…
Normandy extends offer to include Newcrest Mining in merger plans
After spoiled attempts at a 4-way merger, Australian gold-producer Normandy Mining has extended an offer to include Newcrest Mining in its plans for a merger.Earlier in the year, Normandy attempted to…