Drilling extends Botija deposit
The first three holes drilled in this year’s second-phase exploration program are expected to increase the geological resource of a deposit on the Petaquilla project in Panama. All three holes at the …
News
Mine Mill union merges with CAW
The battle for Local 598 of the Canadian Union of Mine, Mill and Smelter Workers in Sudbury, Ont., has been won by the Canadian Auto Workers (CAW) union. Local 598, which represents workers at Falconb…
Cantung options Chilean project
Vancouver-based Canada Tungsten Mining (TSE) has acquired an option to buy and develop the Andacollo copper project in central Chile. Subject to confirmation of technical details during a 15-month eva…
Gateway plans an amalgamation
Toronto-based junior Gateway Uranium Mines (CDN) plans to amalgamate with a newly incorporated company, as yet unnamed, and simultaneously exchange shares with American Gold Resources, a private U.S. …
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…
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…
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…
IMF gold holdings
The International Monetary Fund reported gold holdings of 103.4 million oz. as of April 30 this year, unchanged from one year ago. Goldrite Mining (GRQ: VSE) has changed its name to Consolidated Goldr…
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…