Tan Range options Nigel gold mine
Alberta-listed Tan Range Exploration (ASE) has an option to buy the Nigel gold mine in South Africa’s Witwatersrand district. Up to its closure in 1991, the mine produced more than 3.3 million oz. gol…
News
Princeton expands Similco reserves
A drilling program has boosted the reserve base of the Similco mine project in southwestern British Columbia. Princeton Mining (TSE) says minable reserves at the Ingerbelle deposit have risen to 56.6 …
Francisco augments Mexican holdings
Vancouver-listed Francisco Gold has added to its portfolio of gold-silver projects in Mexico. The junior has agreed to acquire 50.1% of privately owned Goldeneye Explorations for $2 million. Goldeneye…
Platinova financing for zinc project
Toronto-listed Platinova A/S is planning to issue 2 million units, each of which will consist of a Platinova common share and purchase warrant. The unit price will be based on the average price of the…
NEWS ROUNDUP — Anvil completes $30m offering
The sale of a $30-million offering of flow-through shares and silver royalty certificates is complete, Anvil Range Mining (TSE) reports. The company plans to use the funds for stripping of its Grum de…
Asarco strives to meet objectives
To date, Asarco (NYSE) has spent nearly $1 billion in an effort to move the thrust of its operations away from custom smelting and refining, and more towards copper and lead production. The money was …
IMPACT active in Guyana
Vancouver-listed IMPACT Minerals can acquire the Growler gold property in central Guyana. The agreement is with a Guyanese partnership, Eagle Mountain Associates. IMPACT may earn its initial interest …
NEWS ROUNDUP — Hindustan, BHP discuss venture
A state-controlled mining company in India, Hindustan Zinc, has reached an agreement with Australian-based BHP Minerals concerning a joint venture in Rajasthan. Prospecting licence applications have b…
NEWS ROUNDUP — Orient, Gold Hawk drill at Nelligan
A second hole is being drilled at the Nelligan gold project in the Miquelon area of northwestern Quebec, Orient Resources (ME) reports. Assays from the first hole are awaited. More than 1,000 metres o…
NEWS ROUNDUP — Glen Auden plans further drilling
Further drilling and induced-polarization surveys will test a new zone at the Casa Berardi project of Glen Auden Resources (CDN) in northwestern Quebec. The junior says hole 94-14, some 300 metres nor…
Ecum, partner plan drilling
Private company Ecum Secum Enterprises of Truro, N.S., is bullish about a silver property in the Bathurst camp of New Brunswick, west of the old Nigadoo base metal-silver-bismuth mine. Worked by previ…
Brazilian gold mining camp attracts Lysander
Though it ranks as the world’s seventh-largest producer of gold, Brazil has been largely ignored by the current crop of Canadian juniors attempting to gain exposure to South America’s historic mining …