Akiko-Lori in share exchange
Two undisclosed shareholders of Omega Gold (VSE) plan to exchange 331,250 escrow shares and 427,000 common shares of the company for 223,015 shares of Akiko-Lori Gold (VSE). Omega Gold has an extensiv…
News
Golden Bear output below forecast
Losses continue to mount for North American Metals (TSE) as a result of technical problems at the 50% owned Golden Bear mine in northwestern British Columbia. The mine has produced only 10,801 oz. of …
U.S. REPORT Coeur d’Alene ups mine interest
Idaho-based Coeur d’Alene Mines (NYSE) recently acquired a 5% interest in the Coeur mine in north Idaho from Hecla Mining (NYSE). The acquisition increases Coeur d’Alene Mines’ interest in the silver …
Inco fined $50,000 for polluting creek
Inco (TSE) was recently fined $50,000 for polluting a creek near Sudbury, Ont. The nickel producer has also agreed to provide $50,000 for the rehabilitation of fish habitats in the Sudbury area. Inco …
U.S. REPORT Amax renegotiates Coral Gold deal, ready to start work
With the signing of an amended agreement on the Robertson gold project, Amax Gold (NYSE) will return to the property to begin a 3-phase program. Amax halted work on the northern Nevada property earlie…
Minnova completes follow-up at Pick
A recent drilling program, designed to follow-up a zinc discovery made earlier this year at the Pick Lake project near Schreiber Ont.,hit the high-grade zinc mineralization in four of eight holes. The…
Toronto Stock Exchange Noranda drilling gives Christmas cheer to
Long-suffering shareholders of Denison Mines woke up during the week ended Dec. 18 to find an unexpected surprise in their Christmas stockings. It came in the form of Denison’s new President and chief…
Aranlee to acquire Australian company
Negotiations are in progress which could see Aranlee Resources (VSE) acquire a 100% interest in an Australian resource company owned by Burmin Exploration and Development. Burmin is an Irish company t…
Pioneer settles with Pegasus
A settlement was reached between Pegasus Gold (TSE) and Pioneer Metals (TSE) which, if concluded, will eliminate all debts owed to Pegasus as well as all outstanding legal disputes between the two com…
Cyprus Gold options Tully Twp gold bets
Cyprus Gold Canada, a unit of Colorado-based Cyprus Minerals (NYSE), has optioned a parcel of promising gold claims in Tully Twp., Ont., about 25 miles north of Timmins, Ont. The first deal gives Cypr…
Lassonde to speak at Toronto meeting
The Toronto Geological Discussion Group will host a dinner meeting at Toronto’s Albany Club, Jan. 18. Guest speaker Pierre Lassonde, president of Franco-Nevada Mining and Euro-Nevada Mining, will rela…
NEWS IN BRIEF Coronada Resources Inc.
Coronado Resources Inc. (CRD:VSE) has changed its name to Iron King Mines Inc. (IRK:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.