Augen Gold directors capitulate after Trelawney raises offer
Ontario-focused gold explorer Trelawney Mining and Exploration (TRR-V) has raised its all-share bid for neighbour Augen Gold (GLD-V) to 0.0862 of a Trelawney share from 0.066 of a share.
Canada
Pacific North West looks to bolster Ontario’s PGM cred
Talk of platinum and palladium usually leads a mining investors’ mind to such far off places as South Africa and Zimbabwe.
Fronteer ex O’Dea raising $20M for Blue Gold Mining
Vancouver – Fresh from the $2.3-billion sale of his Nevada-focused explorer Fronteer Gold in February, Vancouver-based Mark O’Dea has announced plans to raise up to $20 million for a new company, Blue Gold Mining (BGX-V).
Alderon’s positive PEA for Kami
Alderon Resources (ADV-V) says it has the ingredients in store to launch its Kamistiatusset (Kami) iron ore project in western Labrador by 2015.
A new zone at Seabee doesn’t disappoint Claude
Just three months after discovering the L62 zone at its Seabee gold mine in northern Saskatchewan, Claude Resources (CRJ-T, CGR-X) has outlined a strike length for the zone of 75 metres, a dip length of 300 metres and has decided to add another…
Strong drill results from Queenston
Queenston Mining (QMI-T) has completed 9 new drill holes at its wholly owned Upper Beaver gold-copper deposit in Kirkland Lake, Ont.
Venture climbs in August 29 to Sept. 2 period
Vancouver – The S&P/TSX Venture Composite Index climbed 58 points in the August 29 to September 2 period on four days of gains to end at 1,810.36 points. Volume perked up somewhat from the week prior with an average of 71 million shares…
Niobec stake could be cash cow for Iamgold
Iamgold Corp. (IMG-T, IAG-N) made it clear back in June that it was looking to monetize 10%-20% of its Niobec niobium mine in the near term, but the sale last week of a 15% stake in a Brazilian niobium producer to a Chinese consortium has set…
People
Aberdeen International – Richard Bishop appointed VP of investments.
New Gold up on Blackwater drill results
New Gold (NGT-T, NGD-X) touched a new 52-week high, after posting strong drill results from its Blackwater gold project in central B.C.
Ocampo, meet Young-Davidson
AuRico Gold (AUQ-T, AUQ-N) wants to become an intermediate gold producer, and it has tabled a rich, all-share offer for Northgate Minerals (NGX-T, NXG-X) to help it get there.
Cameco bids for Hathor
Hathor Exploration’s (HAT-T) shares have vaulted in response to Cameco’s (CCO-T, CCJ-N) launching of a hostile, $520-million cash bid for the junior, and initiating what may become a bidding war for its world-class, high-grade…