Dickenson arranges credit facility
A credit facility of up to $10 million has been arranged by Dickenson Mines (TSE) with a Canadian chartered bank to assist in funding the retraction of its 8.5% convertible subordinated debentures. Di…
News
MINING IN MEXICO — Teck plans Mexican drill programs
Active in Mexico the past two years, Vancouver-based Teck (TSE) recently set up a wholly owned subsidiary, Minera Teck, S.A. de C.V., through which it will channel exploration funding and own properti…
Minerva evaluates La Conquista
Despite tough market conditions, Minerva Gold Mines (VSE) is continuing to evaluate the La Conquista property which consists of seven claims within the boundaries of the producing San Martin mine in t…
MINING IN MEXICO — PROJECT ROUNDUP — Menora raises
Funds from a private placement of units completed by Menora Resources (ME) are being used in part for exploration and development work at the Estrella del Norte gold property in Zacatecas, Mexico, the…
MINING IN MEXICO — Resources give boost to Mexican economy
As a country with abundant natural resources and the third largest land area in Latin America, Mexico has developed the 15th largest economy in the world and has become the second most industrialized …
Placer Dome’s Abitibi mines add 4.2 million oz. to reserves
Working on the assumption that the best place to find gold is at an existing mine, Placer Dome (TSE) has defined additional resources which it believes could boost its ore reserves by nearly 10 millio…
Dayton takes Andacollo partner
Although still subject to a due diligence review, the Canadian subsidiary of a Malaysian mining company has offered to buy a 25% interest in the Andacollo gold project in central Chile. The project is…
Dankoe abandons silver mine in B.C.
Low silver prices and the poor outlook for the metal have prompted Dankoe Mines (VSE) to abandon its mining and milling complex near Keremeos, B.C. The mine’s underground workings have been shut down …
INSIDER TRADING — Hillsborough insiders on buy side
Director John Lecky and major shareholder John Pope loaded up on shares of Hillsborough Resources (TSE) in September. Lecky bought 356,361 shares of the mining contractor for $2.28 to hold 1.32 millio…
MINING IN MEXICO — PROJECT ROUNDUP — War Eagle drilling at
Vancouver-based War Eagle Mining (VSE) has the right to acquire a 99% interest in the La Blanca property in Chihuahua, Mexico, by making staged payments totalling US$770,000. The property is subject t…
MINING IN MEXICO — PROJECT ROUNDUP — Azco exploring pair of
Two large porphyry copper-oxide projects belonging to Azco Mining (VSE), Piedras Verdes and Suaqui Verde, both in the Mexican state of Sonora, are candidates for development using solvent extraction, …
MINING IN MEXICO — FMC establishes Mexican subsidiary
Chicago-based FMC Gold (NYSE) recently incorporated Minera FMC as a Mexican subsidiary to facilitate exploration efforts in Mexico. The company reports that it is encouraged by initial exploration eff…