Red Lake deal extended
Vancouver-based ITL Capital (ICL-V) has been granted an additional year to earn a 50% interest in a gold property in Ontario’s Red Lake camp.The company now has four years to earn a 50% interest in th…
News
Atapa uncovers new showing in Java
Geochemical sampling by Atapa Minerals (AML-M) has led to the discovery of a new gold-silver showing on the Cikotok-Cikidang project in southwestern Java, Indonesia.Dubbed Muara Tiga, the showing is a…
MINING MARKETS & INVESTMENT NEWS — Redfern raises more funds for mine development
Redfern Resources (RFR-T) has closed a private placement that raised $502,200 for the company’s Tulsequah Chief polymetallic project in northwestern British Columbia.The company has closed the deal fo…
NEVADA AND THE WESTERN STATES — Globex drills to expand potential of Tonkin Springs
Having acquired the Tonkin Springs gold project in February 1997, Globex Mining Enterprises (GMX-T) is now receiving positive results from an ongoing drill program on the past-producing Nevada propert…
NEVADA AND THE WESTERN STATES — International Taurus checks out Lyon copper property
As part of International Taurus Resources’ (ITS-V) new management focus, the company recently acquired the Lyon copper-magnetite project in Nevada, on which it is now performing due diligence.In mid-A…
GeoNova expands gold assets
GeoNova Explorations (GNE-T) has extended its gold assets in Quebec to the Porcupine-Destor fault area by buying a full interest in the Pitt property from Santa Fe Canada, a subsidiary of Newmont Gold…
NEVADA AND THE WESTERN STATES — Clinton gets green light
The South Dakota Board of Minerals and Environment has unanimously approved a large-scale mine permit for the Clinton gold project, situated just east of the Wharf mine in the state’s Black Hills regi…
NEVADA AND THE WESTERN STATES — Americomm seeks new partner
Tulsa, Okla.-based Americomm Resources (AREC-Q) is attempting to find a new partner for the ongoing exploration of the Jessup gold-silver property in Churchill Cty., in west-central Nevada.The company…
Mar-West reports Honduran gold find
Hot on the heels of the company’s discovery of a gold deposit at the Cerro Blanco property in Guatemala, Mar-West Resources (MSR-V) has discovered a gold zone on the San Martin property in central Hon…
Teck eyes open-pit potential of San Nicolas
It was standing room only at Teck’s (TEK-T) recent annual meeting in Vancouver, with shareholders gathered for the announcement of preliminary minable reserve numbers for the San Nicolas polymetallic …
Canyon Resources trims debt
Colorado-based Canyon Resources (CAU-X) has unwound a hedge position in order to repay debt from the Briggs gold mine in southeastern California.The company generated US$11 million in cash by repurcha…
Newmont sees gold output rise while production costs and profits fall
Newmont Gold (NGC-N) ranked among the world’s largest and lowest-cost gold producers in 1997, but first-quarter results indicate that the company may surpass last year’s achievements.Newmont Mining (N…