Temisca makes Belroche offer
An offer from Ressources Temisca (ME) to buy between 51% and all of the issued shares of Gestion Belroche will be voted on by Belroche shareholders on Aug. 30. Belroche’s assets include a 20-million-t…
News
STOCK MARKETS — Market indexes on rise while gold price
Investors continue to register confidence in the equity issues as witnessed by the high-level closings of the major market indexes in Toronto and New York. The Toronto Stock Exchange 300 composite ind…
Inter-Rock closes rights offering
A rights offering of common shares and warrants has been completed by Inter-Rock Gold (ME). The company received proceeds of about $725,000 after related expenses and fees. Under the offering, each sh…
Southwestern to drill at Jessup
A 5,000-ft. program is about to begin at the Jessup property of Southwestern Gold (VSE). The property, 75 miles northeast of Reno, Nev., contains seven separate gold zones and numerous gold occurrence…
Amalgamation proposed for Dickenson, Goldcorp
An amalgamation of gold producer Dickenson Mines (TSE) and its parent Goldcorp (TSE) has been proposed by the owner of Goldcorp, CSA Management. Goldcorp has a 69.3% equity interest in Dickenson, whic…
Audrey to drift at Mobrun project
An exploration drift will be driven during the third quarter to allow for testing at depth by drilling of the 1100 lens at the Mobrun polymetallic project near Rouyn-Noranda, Que., Audrey Resources (T…
Cyprus drilling Queenston ground
Diamond drills are being moved onto Queenston Mining’s (TSE) two properties near Kirkland Lake, Ont. Cyprus Canada, a subsidiary of Cyprus Minerals of Colorado, has launched an 8-hole, 10,000-ft. prog…
Jordex negotiates funding for exploration in Bolivia
An international company partly owned by the French government will provide funds to explore properties staked by Jordex Resources (TSE) in Bolivia. During the past 18 months, Jordex carried out a rec…
Bre-X active in Indonesia
An agreement has been signed with an international mining company to acquire a 55% interest in an advanced-stage porphyry copper-gold property in Indonesia, Bre-X Minerals (ASE) reports. The Taware Va…
LATIN AMERICA ROUNDUP — Bajo recoveries tested by lab
A study of samples from the Bajo de la Alumbrera project in Argentina indicates copper and gold recoveries of 91% and 70%, respectively, at average feed grade. Lakefield Research, near Peterborough, O…
LATIN AMERICA ROUNDUP — Moris gold project at feasibility
By late October, Manhattan Minerals (VSE) expects to have the results of a final feasibility study for its Moris heap-leach gold project in Chihuahua state, Mexico. Based on a pre-feasibility report e…
Lac continues bid for Lisheen
Toronto-based Lac Minerals (TSE) may continue its legal action to block the sale of a majority interest in the Lisheen lead-zinc deposit in Ireland, that country’s High Court has ruled. Lac offered US…