Arequipa finds gold in Peru
Arequipa Resources (TSE) has identified several gold prospects along an 80-km-long, structurally controlled belt of rocks in northern Peru.The Vancouver-based junior is following up the discoveries wi…
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Cominco options Percy base metal properties
Two companies active in north-central Ontario, Avalon Ventures (VSE) and Starcore Resources (VSE), have optioned their adjoining base metal properties to Cominco (TSE).The agreement, which is not yet …
Santa Cruz Gold raises $3 million
CDN-listed Santa Cruz Gold has completed a private placement of 6 million special warrants priced at 50 cents each.A special warrant is exchangeable for one unit consisting of one common share and hal…
Stellar firms up nickel acquisition
Junior Stellar Gold (VSE) is going ahead with its planned acquisition of a laterite nickel deposit in the Philippines.To acquire the Palawan project, Stellar, which has 4.8 million shares outstanding,…
EDITORIAL PAGE — A heritage river runs through it
Several promising mineral projects have been aborted as a result of wrangling between environmental groups and mining interests. The Yukon’s Bonnet Plume region was poised to become yet another casual…
Franco-Nevada to own Redstone
Royalty company Franco-Nevada Mining (TSE) wants to acquire all of the common shares of Redstone Resources (TSE) that it does not already own.Franco has offered Redstone shareholders one Franco-Nevada…
PEOPLE –NORTHERN DYNASTY MINERALS
Ronald Thiessen appointed director.
PEOPLE –NORTH AMERICAN METALS
Thomas Kelly appointed president and chief operating officer.
ODDS’N’SODS — Randle Vansickle:`Efficiency expert’ par excellence
The renowned Hollinger gold mine, in the Timmins camp of Ontario, burst upon the mining scene in 1911 and, within a few years, was milling 2,000 tons per day. But when production eventually exceeded 4…
Pangea options Tanzanian property to Ashanti
Immediately south of the Bulyanhulu gold deposit in northwestern Tanzania, Pangea Goldfields (TSE) has optioned a 213-sq.-km exploration concession to Ashanti Goldfields.The option agreement will see …
PEOPLE –MINK MINERAL
Rene Lepine appointed director.
PEOPLE –JERSEY GOLDFIELDS
Ross Glanville appointed director.