Globex Mining nabs Toronto listing
Rouyn-Noranda-based Globex Mining Enterprises is now listed for trading on the Toronto Stock Exchange.As a result of the listing, $2.2 million provided by five precious metals mutual funds (but put in…
News
NEWS ROUNDUP — Ten holes drilled at Horwood
The first phase of diamond drilling at the Horwood Twp. property of Morgain Minerals (VSE) is nearly finished, and the surface showing appears to persist as a zone of sub-economic gold mineralization …
Akiko and Gold Canyon dispute back-in right for Springpole project
Former joint-venture partners Akiko Gold Resources (VSE) and Gold Canyon Resources (VSE) are at odds over a back-in right on the Springpole gold project in northwestern Ontario.Akiko holds the right t…
NEWS ROUNDUP — Mispec learns ropes from Indonesians
Montreal-listed Mispec Resources and its Indonesian joint-venture partner, Hunamas Putra Interbuana, will receive training from the Research and Development Centre for Geotechnology of the Indonesian …
Minefinders hits gold at La Bolsa
Encouraging assays are reported from reverse-circulation drilling at the Bolsa property in Mexico’s Sonora state.Minefinders (VSE) says more than half of the 20 holes intersected mineralization gradin…
Rio gives nod to Smith Ranch mine
Stronger demand and better prices for uranium have prompted the U.S. subsidiary of Rio Algom (TSE) to proceed with development of its Smith Ranch uranium project in Wyoming’s Powder River basin.The pr…
Production anticipated for Mantua project
A production decision for the Mantua open-pit, gold-copper project in Cuba is pending now that a final feasibility study has been approved by the joint-venture partner of Northern Orion Explorations (…
NEWS ROUNDUP — Murgor drills for gold at Barry Twp.
Montreal-listed Murgor Resources has completed the first phase of its winter program at the Barry Twp. gold property in northwestern Quebec. The program consisted of 22 near-vertical, shallow holes dr…
Bolivar expects Tomi feasibility study in May
A feasibility study is under way at the Tomi gold project in Venezuela’s Bolivar state.Bolivar Goldfields (TSE) commissioned Toronto-based Kilborn to conduct the study, which is expected by mid-May.Th…
Cambior is upbeat over Cameron Lake
The Cameron Lake gold deposit in northwestern Ontario could be brought into production using bulk-mining methods, producing 1,800 tonnes daily.Such is the conclusion of an assessment by gold producer …
NEWS ROUNDUP — Coeur d’Alene gains stake in Orion
In a move to strengthen its position in Western Australia, Coeur d’Alene Mines (NYSE) has acquired a stake in Orion Resources. Only recently, that very stake in Orion was acquired by Homestake Mining …
Procoloro raises funds and deals option on Vallejo
Procoloro Resources (ME) has given a private Quebec company, 29594785 Quebec Inc., an option to earn 45% of the Vallejo property in the Remedios district of Colombia.The 5.6-sq.-km concession has a ve…