Great Lakes buys — Mexican gold play
Great Lakes Minerals (TSE) has picked up an option to buy a 100% interest in the Lluvia del Oro gold project in Mexico. Approximately 200 km south of Tucson, Arizona, the property hosts a gold-mineral…
News
Noble Peak works polymetallic play
A field program is to begin on MH Resources’ Mag Lake polymetallic project near Rankin Inlet, N.W.T. A private company, MH was formed to combine the interests of Noble Peak Resources (ASE), Dejour Min…
Tri-Origin funding
Toronto-listed Tri-Origin Exploration has arranged a bought deal with Gordon Capital to raise $1.05 million. The deal consists of 500,000 units at $2.10 per unit. Each unit consists of one common shar…
NEWS ROUNDUP — Redstone arranges $16.5-million financing
Toronto-based royalty company Redstone Resources (TSE) has entered an agreement with Yorkton Securities, First Marathon Securities and Gordon Capital to issue three million special warrants at $5.50 e…
NEWS ROUNDUP — Louvem, St. Genevieve sell SEG
Privately owned Orimar Resources has acquired a 65% interest (10.2 million shares) in SEG Exploration (ME) from St. Genevieve Resources (TSE) and Louvem Mines (TSE). In return for the SEG shares, Orim…
ODDS’N’SODS — Mining atop Mount Copeland
As the old saying goes, “some people thrive on adversity.” This may or may not be true. However, the crew who volunteered to work at the top of Mount Copeland in the winter of 1967 were sorely tested …
Mineral rights relinquished for Yukon parkland
Six resource companies, Noranda among them, have sold and donated their mineral rights in the northwest corner of the Yukon. The move will result in the creation of a new park, Vuntut. Two-thirds the …
LATIN AMERICAN ROUNDUP — Explorers show interest in Mexico
More than 100 companies, mainly from Canada and to a lesser degree from the U.S., Japan and Australia, are showing an interest in Mexican mining projects. This is largely due to changes in Mexican min…
Jordex sells Latin nickel deposit
Although investors are looking to Venezuela for its undeveloped gold potential, a junior company is poised for a significant return on an investment in a laterite nickel deposit, 65 miles southwest of…
COMMENTARY — Indian silver imports relaxed
The habit of relaxing precious metals regulations in India is catching. Last year, it was gold; this year, silver. The Indian government announced in February that, for the first time in more than 40 …
Kinross acquires U.S. gold bets
Even before Kinross Gold (TSE) made front page news this week with its purchase of Falconbridge gold it had begun building an asset base with the acquisition of two small U.S. gold mines and two minin…
Amer. Barrick earnings jump 72%
A consistently outstanding performance at its Goldstrike mine in Nevada helped American Barrick Resources (TSE) post significant increases in production, earnings and cash flow for the first six month…