Rayrock companies reorganize as Pyx Mining
A new company, Pyx Mining, has been formed through the combination of Rayrock Yellowknife Resources (RAY-T), Minera Rayrock (MRN-T) and Inter-Rock Gold (IRO-T).Under the terms of the proposal, Rayrock…
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EXPLORATION ROUNDUP — Argosy drills for gold in Slovakia — Gold distribution augurs well for cost projections
Junior Argosy Mining (AGO-V) continues to expand reserves at Kremnica, a former gold and silver producer in central Slovakia.The project comprises 28 sq. km in the Kremnica epithermal district, about …
EXPLORATION ROUNDUP — Globetrotting Eldorado seeks success in weak gold market — Discovery, resource confirmation take edge off restructuring plan
Exploration work at grassroots and advanced-stage exploration and development projects in Turkey and Brazil is returning heartening results for Eldorado Gold (ELD-T).The company recently discovered go…
EXPLORATION ROUNDUP — Tiomin Res. boosts reserves at Kwale mineral sands project
Toronto-based junior Tiomin Resources (TIO-T) has increased by 54% its reserve estimate at the Kwale heavy mineral sands project in Kenya.The project’s three deposits are now estimated to host 200 mil…
EXPLORATION ROUNDUP — Crown Jewel gets permits
The Washington State Department of Ecology has issued water permits to the Crown Jewel gold project, bringing it one step closer to production.The Department of Ecology granted the permits following a…
EXPLORATION ROUNDUP — Antares explores Sumatra and Toodoggone
At first glance, the Toodoggone camp of northern British Columbia does not appear to have much in common with the North Lampung district at the southern end of the Indonesian island of Sumatra.However…
EXPLORATION ROUNDUP — Donner keeps faith at South Voisey’s Bay — Teck completes extensive program of mapping, geophysics
Donner Minerals (DML-V) and Teck (TEK-T) have hit only two 1-metre intersections of massive sulphides at their South Voisey’s Bay joint venture in Labrador, but the dream of finding another huge nicke…
EXPLORATION ROUNDUP — Cambior joins Metallica at Cerro San Pedro
Montreal-based Cambior (CBJ-T) will join with Metallica Resources (MR-T) of Denver, Colo., to develop the latter’s Cerro San Pedro gold-silver project, 350 km northwest of Mexico City.Cambior can acqu…
EXPLORATION ROUNDUP — Juniors benefitting from Ashton find
A host of exploration companies has joined the land rush triggered by Ashton Mining of Canada’s (ACA-T) discovery of diamond-bearing kimberlites in the Buffalo Hills area of northern Alberta.* Victory…
EXPLORATION ROUNDUP — Mirandor joins Kinross at Nevada’s Carlin trend
An agreement with Mirandor Exploration (MIG-M) sets the stage for Kinross Gold (K-T) to earn a 50% interest in the Railroad gold project in Nevada’s Carlin trend.To earn the interest from Mirandor, Ki…
EXPLORATION ROUNDUP — Solomon continues testing Bombar First
Partners Soloman Resources (SRB-V) and Channel Resources (CHU-T) have announced encouraging drill results from the Bombore First project in Burkina Faso, West Africa.An 11,558-metre Rotary Air Blast (…
EXPLORATION ROUNDUP — Metallica picks up Brazilian mine
Metallica Resources (MR-T) has signed an agreement to buy the Mara Rosa gold mine in Brazil from a subsidiary of Western Mining (WSTM-N).Metallica paid an initial US$400,000 upon signing the agreement…