GREATEST VALUE TRADED, Mar. 18-24
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News
Indo Pacific raises funds
A rights offering is expected to provide Indo Pacific Resources (IPF-A) with the funds necessary to begin exploring a large land package in Papua New Guinea (PNG).If the offering is fully subscribed, …
Cross Lake hits more sulphides at Sheraton
Four more drill holes on the Sheraton Twp. property of Cross Lake Minerals (CRN-V) have intersected copper and zinc mineralization.Drilling on the property, 40 km east of Timmins, Ont., has recently c…
Western Copper agrees to a $3-million loan from Teck
A previously announced $5-million financing with Canaccord Capital has been terminated by mutual consent and, instead, Western Copper Holdings (WTC-T) has arranged for a loan of up to $3 million with …
SUPPLIERS NEWS ROUNDUP — Scintrex buys Auslog
Geophysical instrument firm Scintrex has entered into a definitive agreement to acquire Australian-based Auslog, a leading manufacturer of borehole geophysical instruments.The transaction is expected …
Tulsequah Chief gets green light
Redfern Resources (RFR-T) has been given the go-ahead to reopen the Tulsequah Chief mine in northwestern B.C.The government of British Columbia officially approved the mine proposal on March 20 in Vic…
Geophysics adds potential to Potter project
An ongoing geophysical program at the Potter base metal property in Munro Twp., 80 km east of Timmins, Ont., has provided numerous drill targets for owner Millstream Mines (MLSM-C).Induced polarizatio…
DIAMOND PAGE — Messina boosts grade of Star mine — New fissure found at Messina mine project
Messina Diamond (MSC.U-T) has found an extension to a high-grade portion of its Star mine, situated 50 km south of Welkom, South Africa.Sampling of 674 tonnes of material taken from the vicinity of th…
NEW HORIZONS — America’s ex-smokers
Deep in the dark privacy of the ocean floor, a group of smokers puff away proudly; what they exhale is a far cry from second-hand smoke.”Black smokers,” or massive chimney-like structures that vent ho…
Noble Peak set to search for South African gems
Junior Noble Peak Resources (NPK-A) is preparing to start a program of infill drilling and bulk sampling in early April on a set of South African properties optioned from Mountain Lake Resources (MOA-…
DIAMOND PAGE — Ashton ends winter drilling on up note
Spring breakup conditions in north-central Alberta have prompted Ashton Mining of Canada (ACA-T) to wrap up a successful winter exploration drilling program on the Buffalo Hills joint-venture property…
STOCK MARKETS — Steady as she goes on Western markets — El Misti Gold among most-actives yet again
The Vancouver Stock Exchange composite index remained steady over the report period ended March 24, losing only 0.44 point, or 0.07%, to close at 616.12. The mining index also held its ground, edging …