Minefinders arranges financing for Dolores
Minefinders (MFL-T) has secured commitments for a non-brokered private placement of 1.8 million units priced at 90 cents per unit. Proceeds are expected to total $1.6 million.Each unit will consist of…
News
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Vancouver markets slump while Alberta heats up
The Vancouver Stock Exchange composite index dropped 6.22 points, finishing the week ended Nov. 23 at 386.77. The mining index also lost ground, shedding 2.48 points at 261.38. The combined value of t…
EXPLORATION ’99 – GeoNova adds ground in Que.
Montreal-based GeoNova Explorations (GNE-M) has acquired the Gander gold property, northwest of Lebel-sur-Quvillion, Que.The property is contiguous with GeoNova’s Discovery project, which hosts a kno…
Greystar updates resource
Junior Greystar Resources (GSL-T) has updated the resource estimate for its wholly owned Angostura gold-silver property in northeastern Colombia.Indicated and inferred resources now stand at 9.3 milli…
Cancor tallies Gemini resource
Having sunk an additional eight holes, Cancor Mines (KCR-M) is calculating a preliminary resource for its Gemini volcanogenic massive sulphide property in northwestern Quebec.Work to date has defined …
Geomaque down but not out
Low gold prices have taken their toll on Geomaque Explorations (GEO-T), though the company is showing no signs of slowing down.Losses in the third quarter totalled $758,000 (2 cents per share) on reve…
Duck Pond ready for resource estimate
Four more drill holes by Thundermin Resources (THR-T) and Queenston Mining (QMI-T) have confirmed the grades, size and shape of the Upper Duck Lens massive sulphide body at the Duck Pond property in c…
Miramar posts loss but makes progress
Despite ongoing cost-cutting and other efforts to achieve profitability at the Con gold mine in Yellowknife, Miramar Mining (MAE-T) remained in the red during the latest quarter ended Sept. 30.The gol…
EXPLORATION ’99 – Copper Ridge hits gold-bearing structure
Junior Copper Ridge Explorations (KRX-V) has discovered a new mineralized structure in the course of its 13-hole drill program at the Scheelite Dome gold property in the Yukon.Highlights are as follow…
EXPLORATION ’99 – NovaGold outlines targets near Pogo
NovaGold Resources (NRI-T) has identified three drill targets at the Caribou project, 40 km northwest of the promising Pogo deposit in the Tintina gold belt of Alaska.Caribou comprises about 48 sq. km…
EXPLORATION ’99 – General Minerals resumes drilling at Escalones
With warmer temperatures prevailing in the high Andes of central Chile, General Minerals (GNM-T) is set to resume drilling at the Escalones copper-gold property, 100 km southeast of Santiago.The compa…
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