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The Vancouver Stock Exchange is right on the money when it claims to have played a role in some of Canada’s most important mineral discoveries. The Hemlo gold deposits of Ontario, the rich Eskay Creek…




Jonpol raises exploration funds

A private placement is being planned by Jonpol Explorations (TSE) to fund exploration work in Indonesia, Mexico and the James Bay Lowlands of Ontario.The company plans to sell 2 million units at 55 ce…



Globex to buy stake in Tonkin Springs

Globex Mining Enterprises (TSE) has entered into an agreement that could see the company acquire a controlling interest in Gold Capital Corp., which operates and owns a 60% interest in the Tonkin Spri…


Lower copper prices will affect Asarco

The belief that copper prices will continue their downward slide leads New York-based investment firm J.P. Morgan to predict sharply lower earnings for Asarco (NYSE).Morgan revised its forecast for co…


Archangel intersects kimberlite in Russia

Drilling on the Verkhotina project in northwestern Russia has intersected a kimberlite pipe for Archangel Diamond (VSE).The pipe appears to be on a structure distinct from that which controls the five…


Tournigan cashes up

A private placement will raise up to $6.97 million for International Tournigan (VSE).The placement includes up to 3.1 million special warrants at $2.25 each, with each special warrant convertible at n…



Cominco to sell interest in Snip mine

International Skyline Gold (TSE) has reached a tentative agreement to acquire Cominco’s (TSE) 60% interest in the Snip underground gold mine in northwestern British Columbia. The purchase price is $55…


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