PEOPLE — BALACLAVA INDUSTRIES
Simon Ridgway appointed director.
News
NEWS ROUNDUP — Goldcorp, Minorca team in Indonesia
Goldcorp (G-TSE) and Minorca Resources (MAR-T) will jointly explore properties in Indonesia.An agreement gives Goldcorp the right of first refusal for up to half of any Indonesian property acquired by…
NEWS ROUNDUP — Barrick drops Cerro Corona play
The Cerro Corona gold-copper project in Peru is no longer of interest to Barrick Gold (ABX-T).The major has decided not to proceed with development, citing its inability to establish a deposit of sati…
NEWS ROUNDUP — EPA fines Cyprus for discharge
A subsidiary of Cyprus Amax Minerals (CYM-N) will pay a fine of US$760,000 for having discharged contaminated water from the Bagdad copper mine in central Arizona.Cyprus Bagdad Copper will pay US$285,…
Fairstar Explorations takes over the Fenelon gold property in Quebec
The Fenelon gold property in the Casa Berardi area of northwestern Quebec is now in the hands of Fairstar Explorations (FFR-M).The company increased its interest to 54% from 45%, making it the majorit…
Pacific Wildcat intensifies drilling in Indonesia
At the Sulut gold prospect in Sulawesi, Indonesia, Pacific Wildcat Resources (PAW-V) has received promising results from the first stage of drilling.Hole 126 returned 40 metres grading an average of 7…
Diadem tests Sarah Lake play
Junior Diadem Resources (DIR-M) has begun drilling on its 5,200-ha Sarah Lake polymetallic property in Quebec.The diamond drilling program is following up previous surface sample results, which includ…
Repadre Capital buys Russian smelter royalties
Repadre Capital (RPD-T) will buy a portion of Far East Gold’s (FEGI-C) net smelter return royalties from future production generated at the Ametistovoe deposit.Repadre can buy a sliding-scale royalty …
Palmer hits gold in West Java
Encouraging results were reported by Palmer Resources (PMD-V) from a program testing the Cikoneng prospect in the western portion of the Cubaliung project in West Java, Indonesia.Hole 001 returned an …
Cartaway forms JV in Labrador
Cartaway Resources (CWA-A), the junior Labrador nickel seeker that saw its stock skyrocket earlier this year only to crash back to earth in a matter of days, has sold off a large chunk of its properti…
NEWS IN BRIEF — Cornucopia Res. receives funds
The New York branch of Dresdner Bank AG will provide Cornucopia Resources (CNP-T) with US$22.5 million in financing for the Mineral Ridge gold deposit in Esmeralda Cty., Nev.The loan will be combined …
Orvana continues drilling at Pederson
A 10,000-metre program of reverse-circulation drilling on the Pederson gold project in Bolivia is nearing completion, reports Orvana Minerals (ORV-T).Although assays have been received for only eight …