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Louvem completes financing

Montreal-based Louvem Mines (TSE), a subsidiary of St. Genevieve Resources (TSE), has completed a $700,000 private placement with a group of four investors. Pursuant to the placement, Louvem will issu…


Kalahari drills large anomalies

Kalahari Resources (VSE) has re-entered a 2,036-ft. hole drilled seven years ago on a 25-sq.-mile magnetic anomaly in Quebec’s Eastern Twps. To test the source and base metal potential of the anomaly,…



Cyprus drops zinc play in Utah

Colorado-based Cyprus Minerals (NYSE) has terminated its option on Noble Peak Resources’ (ASE) Crypto zinc property in Utah. Cyprus optioned the property in 1990 and carried out an exploration program…


Metals sub-index continues decline in March

The metal and mineral sub-index of the Bank of Nova Scotia’s commodity price index appears to be on a downward trend despite the recent surge in gold. The sub-index fell to a cyclical low in March and…



Curragh counting on Asian investors

Cash-strapped Curragh (TSE) says its future depends on a $50-million investment from foreign companies. In a report submitted to an Ontario court earlier this month, Curragh said it is negotiating wit…



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