Altavista to drill Santa Anna
Having raised $500,000 through a private placement of 1 million shares, Altavista Mines (ME) is ready to begin drilling its Santa Anna gold property in northwestern Quebec.A 50-hole program of definit…
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Procoloro confirms gold grades at Yurani project
Encouraging gold and silver values are contained in initial drill results from the Yurani project in Colombia.Procoloro Resources (ME) reports that seven holes have been drilled, and that assay result…
Rea Gold, American Res. propose corporate merger
By mid-May of this year, Rea Gold (TSE) and American Resource (NASDAQ) expect to merge into a single entity that would have minable gold reserves of about 1.7 million oz.Under the terms of a recent ag…
Juniors form gold exploration venture
An agreement among several parties sets the stage for the formation of a company to explore the Bear claim group in Telkwa Pass, 45 km southwest of Smithers, B.C.Alberta-listed MRC Technologies will j…
Verdstone, Stirrup to drill in Nevada
Joint-venture partners Verdstone Gold (VSE) and Stirrup Creek Gold (VSE) will spend US$300,000 exploring the Victorine mine property, southwest of Austin, Nev.Surface and underground drilling will beg…
Santa Fe to fund work on Radisson projects
A joint-venture agreement has been formed between the Canadian subsidiary of Santa Fe Pacific Gold (NYSE) and Radisson Mining Resources (ME) concerning three of the latter’s gold properties in northwe…
BHP Minerals to earn stake in Stellar’s Palawan project
Stellar Gold (VSE) has agreed to allow BHP Minerals to earn up to a 70% interest in the Palawan project in the Philippines.BHP will be responsible for all costs during the prefeasibility stage. On com…
Thickest intersection yet at Eastern Deeps
The thickest massive sulphide intersection yet encountered at the Eastern Deeps area of the Voisey’s Bay nickel-copper-cobalt deposit in Labrador has prompted Diamond Fields Resources (TSE) to project…
Band-Ore to focus on gold properties in Northern Ontario and Quebec
With an additional $408,000 in its coffers, Band-Ore Resources (CDN) plans to explore three properties in northern Ontario and Quebec.The bulk of the funds, raised in a flow-through share financing, w…
Horne, Timmins head list of Hall of Fame inductees
One was born two years before Confederation; another is working in his office this morning. The eight men recently inducted into the Canadian Mining Hall of Fame span the history of Canadian mining an…
METALS COMMENTARY — Metals analyst provides little joy for silver buffs
Silver prices are not expected to improve over the short term, according to metals analyst Richard Hajdukiewicz, vice-president of commodities for J. Aron & Co, the commodities division of the investm…
Americomm Res. gains copper play in Lisbon Valley, Utah
Americomm Resources (OTC) recently acquired a copper prospect in the Lisbon Valley area in southeastern Utah.The property consists of 105 lode claims and two state leases near the Lisbon Valley copper…