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Nugget Pond financing arranged

To complete financing of the Nugget Pond gold mine, Richmont Mines (RIC-T) has arranged a $12-million loan and a $2-million line of credit with the National Bank of Canada.The financing will provide s…


Rainbow drilling at Copper Prince

Although drill results from the Copper Prince property of Rainbow Petroleum (RBP-A) are less than satisfactory, the company believes things will improve at depth.Rainbow is drill-testing a major shear…



Vasilkovskoye waits alone at altar

A consortium led by Teck (TEK-T) was unable to reach an agreement with the government of Kazakhstan on development of that country’s Vasilkovskoye gold deposit.Teck and its partners, First Dynasty Min…


Great Lakes pours first gold

The latest Mexican gold producer is Great Lakes Minerals (GKM-T), whose Lluvia de Oro mine poured its first gold in mid-May.Situated in Sonora state, the open-pit, heap-leach operation is expected to …


Drilling proves up Holloway JV

Four drill holes on the Holloway joint venture of Battle Mountain Canada (BMC-T) and Teddy Bear Valley Mines (TBV-T) have intersected gold mineralization both in the Lightning zone and 5-30 metres to …


Alta doubles earnings for quarter

With excellent drill results reported from the Olinghouse deposit in Nevada, Alta Gold (ALTA-N) enjoyed a spectacular second quarter.For the 3-month period ending June 30, the company reported a 44% i…


Agua Rica project proceeds to feasibility

Northern Orion Explorations (NNO-T) has reported encouraging results from the first three holes drilled on the Agua Rica copper-gold project in Argentina.The drilling, which is focusing on the Mi Vida…


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