Suit against Tiomin dismissed
A lawsuit lodged in Kenya against the local subsidiary of Tiomin Resources (TIO-T) has been dismissed.The suit, which sought to prevent development of the Kwale titanium-sands project on the Indian Oc…
News
Aurizon raises $5 million for Casa Berardi work
Aurizon Mines (ARZ-T) has arranged an offering that will raise $5 million for exploration work at the Casa Berardi gold deposit, 95 km north of La Sarre in northwestern Quebec.The offering, being made…
MOST ACTIVE ISSUES, MARCH 27-APR 2
ExchgVol(000s)HighLowCloseChangeKinross GoldT224672.391.962.13+0.23…
Ivanhoe tops up till
Robert Friedland-run Ivanhoe Mines (IVN-T) has raised $56.7 million by issuing 17.4 million shares at $3.25 apiece.The financing, announced only weeks ago, was underwritten by Griffiths McBurney & Par…
Vueltas reserves halved
Reserves at the Vueltas del Rio mine in Honduras have been more than halved, following an independent review.Geomaque Explorations (GEO-T) reports that the amount of minable material in the proven and…
Northern Crown eyes Abitibi (April 08, 2002)
Vancouver — Northern Crown Mines (CXP-V) has inked a deal with Teck Cominco (TEK-T) to earn an 80% stake in the Amos gold-base metal property in Quebec’s Abitibi greenstone belt.Situated 70 km north …
Olympus eyes gold-bearing skarn (April 08, 2002)
Vancouver — With the price of gold moving higher, the timing could not be better for Olympus Pacific Minerals (OYM-V) to start drilling a high-grade skarn target on its Phuoc Son property in central …
Summo tables restructuring plan (April 08, 2002)
Facing a cash crunch and a US$136-million price tag to advance its Terrazas copper-zinc project in Mexico, Summo Minerals (SMA-T) intends to settle all its outstanding debt and restructure its share c…
Rubicon, Golden Tag find VG at Red Lake
Drilling at the McCuaig project, in the Red Lake gold district of northwestern Ontario, is providing Rubicon Minerals (RMX-V) and Golden Tag Resources (GOG-V) with a bigger target to explore.The partn…
PEOPLE (April 08, 2002)
Asia Pacific — John Bovard appointed CEO.Barker — Christopher Wild appointed exploration manager.Diamonds North — Mark Kolebaba appointed president.Dynatec — Bru…
Hecla gets lease at El Callao Block B
Already active in eastern Venezuela, Hecla Mining (HL-M) has received notice from Venezuelan state enterprise Corporacion Venezolana de Guayana (CVG) that it has been awarded an 18-sq.-km lease in the…
SouthernEra, partners test ATW Mackay Lake
A drilling program at the ATW Mackay Lake diamond property, south of Lac de Gras in the Northwest Territories, is testing three geophysical targets. The effort is designed to locate the source of a pr…