Armada merger with Nescor gets nod
Shareholders of Armada Gold (AAU-A) voted in favor of a merger with Robert Friedland’s private company, Nescor.Friedland was elected co-chairman at Armada’s recent annual meeting, joining incumbent bo…
News
Junior and major team up in Guyana
The government of Guyana has signed an agreement of intent with two mining companies interested in the country’s gold potential.Under the agreement, Placer Dome (PDG-T) will explore prospective proper…
Dia Met mum on target location
Dia Met Minerals (DMM-T) has identified more than 80 geophysical targets in areas marked by anomalous diamond indicator minerals. But the company says it will not disclose the location of the targets …
DIAMOND PAGE — Ursa Major ups stake in Koktasjal
Diamond drill results have induced Ursa Major International (NRI-T) to increase its stake in the Koktasjal deposit in central Kazakhstan.Ursa Major has acquired an option to increase its interest in t…
Goldbelt drilling in Kazakhstan
In central Kazakhstan, Goldbelt Resources (GDB-V) has started drilling on the Kakbit massive sulphide and Ozemy copper porphyry targets.The Kakbit, wholly owned by Goldbelt, is 20 km southeast of the …
DIAMOND PAGE — Nora stones exceed Ghanaian standard
An independent report indicates that diamonds found at the Kade concession in Ghana are of better quality than most found in that country, says property owner Nora Explorations (NXI-M).Only 10% of the…
Midas resource rises to 2.5 million oz. gold
With eight drills working at the Rex-Grande zone on the Midas property in northern Nevada, partners Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have estimated a total resource of 2.5 mil…
DIAMOND PAGE — Namibian Minerals raises $17m
By issuing 2 million special warrants, Namibian Minerals (TSE) has raised $17 million for exploration and development of its diamond concessions off the coast of Namibia.Each special warrant, sold for…
MOST ACTIVE ISSUES, June 26-July 2
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STOCK MARKETS — Western markets take a holiday breather
Over the holiday-shortened report period ended July 2, the Vancouver Stock Exchange composite index closed down 26.85 points at 1,226.19, while the resource index fell 70.15 points to finish at 2,196….
VenCan moves into central Honduras
Junior VenCan Gold (VCG-M) has acquired an exploration concession, featuring several old workings, near the mining town of El Rosario in central Honduras.This month, VenCan will map and sample the Opo…
Cyprus and Amax sign Russian deal
Cyprus Amax Minerals (CYM-N) and Amax Gold (AU-N) have formed a joint venture with several Russian groups to develop the Vorontsovka gold deposit, on the eastern flank of the Ural Mountains.Cyprus and…