Asquith finds gold, plans drilling
Soil sampling on Asquith Resources’ (ASQH-C) Roandji property in the Central African Republic has identified a large gold anomaly.Two percussion drills operating on the Agoudou Manga prospect outlined…
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Goldstake hits gold at Java property
Gold found in chip samples taken from its property in Java, Indonesia, was sufficient to triple the share price of Goldstake Explorations (GXP-T) last week.The shares jumped to $3.55 from $2.37 on Sep…
Nuinsco hits pay dirt in Rainy River
A drill hole at the Rainy River, Ont., project of Nuinsco Resources (NWI-T) has revealed an intercept of significant gold mineralization.Hole NR96-45, drilled near the centre of the 17 zone, produced …
James takes helm at Inmet Mining
If William James lives up to his reputation as savior of struggling Canadian mining companies, Inmet Mining (IMN-T) may finally succeed in fulfilling shareholders’ expectations.The board of Inmet has …
THE DIAMOND PAGE — White Swan Res. lands in Africa
Saskatchewan-based White Swan Resources (WSL-A) has found a new habitat in Sierra Leone, West Africa.By acquiring an 85% interest in three companies based in the country, the company has secured a 1,6…
Okak South results fueling optimism
New drill results from the NOT No. 3 property in the Okak South region of Labrador reveal more nickel-bearing intervals.Partners Noront Resources (NOT-V) and Golden Trump Resources (GTZ-V) report that…
STOCK MARKETS — Market sets record without help from mines
The Toronto Stock Exchange vaulted past its previous record high on Sept.16, as the TSE 300 index closed the period Sept. 11-17 at 5,268.48, up 121.36 points from the week before, a gain of 2.4%. Fear…
Northern Orion inks Argentine deal
An Argentine firm will earn a 67% stake in Northern Orion’s (NNO-T) El Dorado project in Santa Cruz province.To earn the interest, Minera Mincorp must pay US$5 million over four years.Northern Orion h…
Mazarin Mining looks to Haitian mineral prospects
A Quebec-based asbestos company with a large share of that province’s production has expanded into exploration for gold and base metals overseas.Mazarin Mining (MAZ-T) has obtained the option to acqui…
Partners scratch gold potential of Dogpaw Lake
A first-phase program, budgeted at $500,000, will test the gold potential of the Dogpaw Lake property in the Kenora district of northwestern Ontario.Houston Lake Mining (HLM-A) holds an option to acqu…
KWG Resources poised to take over Far East Gold
With a little help from its parent company, KWG Resources (KWG-T) has initiated a takeover bid for Far East Gold (FEGI-C).St. Genevieve Resources (SGV-T), the controlling shareholder of both KWG and F…
Milagro and Geomaque to merge
Milagro Minerals (MLG-V) and Geomaque Explorations (GEO-T) have agreed to merge their operations.Milagro shareholders will receive one Geomaque share for every four shares of Milagro held. On completi…