NEWS ROUNDUP — Strike loses claims to rival
The mining recorder in Ontario’s Larder Lake mining division has made a ruling regarding the conflict between Sudbury Contact Minerals (TSE) and CDN-listed Strike Minerals. The case concerns three dis…
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NEWS ROUNDUP — Van Ollie passes on Kremzar play
CDN-listed Van Ollie Explorations and three partners have opted out of a plan to buy the Kremzar gold mine near Wawa, Ont. The companies were to pay Canada Tungsten $2.5 million (of which $500,000 had…
NEWS ROUNDUP — Drills turning at Galena Giant
Diamond drilling is under way on the Galena Giant property on the Idaho-Montana border. The work is part of a 50-50 joint venture between Arbor Resources (VSE) and Wealth Resources (VSE). The partners…
NEWS ROUNDUP — Noveder funding Nugget Pond work
Rouyn-Noranda-based Novender (ME) is busy raising money to finance a 10,000-ton bulk sample at its Nugget Pond gold property in Baie Verte, Nfld. A $1.1-million private placement has been completed, a…
Roycefield boosts its stake in Newfoundland antimony play
Alberta-listed Roycefield Resources has agreed to acquire the remaining half interest in the 1,920-acre Beaver Brook antimony property in central Newfoundland. To do so, it will issue 2.3 million trea…
Minorca plans private placement
Proceeds from a private placement, planned by Minorca Resources (VSE), will finance exploration of properties in Mexico and Quebec. The placement involves 750,000 units, each of which will consist of …
Drilling expands Choco 6 tonnage
A second phase of drilling has further defined the Choco 6 property in Venezuela’s El Callao district. Gold Vessel Resources (VSE), which is earning a half interest from a private Venezuelan company, …
Zamora exploring in Ecuador
A preliminary program of trenching, sampling and airborne geophysics is under way on two concessions in the Nambija gold district of southern Ecuador. Mina Real and Campanilla are two of 30 concession…
Golden News receives permit
Final permits are in place for the Luz del Cobre copper deposit, 100 miles east of Hermosillo in Mexico’s Sonora state. Golden News Resources (VSE) plans to develop the property as an in situ leaching…
Barrick to sell four Lac properties
Conjecture over which properties American Barrick Resources (TSE) would sell following the closing of its $2.2-billion takeover of Lac Minerals has been laid to rest. The major recently announced its …
Cambiex drills past producer
Montreal-based Cambiex Exploration (ME) has uncovered new mineralization on the Akasaba gold property, 25 km south of Val d’Or, Que. In the 1960s, two lenses were mined yielding 262,500 tonnes of ore …
Barrick poised for growth
Despite the market’s interest in the upcoming sale of the four Lac properties, directors and shareholders of American Barrick Resources (TSE) are more likely to be concerned with how their company wil…