Stillwater rights offering falls through
Vancouver — A private equity fund has withdrawn its US$100-million rights offering for shares in Stillwater Mining (SWC-N), putting the fate of the Montana-based company firmly in the hands of Russia…
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Nevada Pacific targets Limousine Butte (June 09, 2003)
Vancouver-based junior Nevada Pacific Gold (NPG-V) is preparing to drill-test the Resurrection Ridge zone on its 40-sq.-km Limousine Butte gold project in east-central Nevada.Resurrection Ridge is one…
Midway cuts more gold in Nevada
Vancouver — Midway Gold (MDW-V) has been focusing its efforts on its namesake gold property in Nevada’s Nye Cty., where it is engaged in a joint venture with Newmont Mining (NEM-N).Midway lies betwee…
Junior explorers target Tonopah district
Vancouver — LEH Ventures (LEH-V) has become the latest junior exploration company to join the hunt for gold in the Tonopah region of Nevada.The company inked a deal to earn a 60% stake in the Baxter …
Miramar cuts bonanza grades at depth (June 09, 2003)
Vancouver — Miramar Mining (Mae-T) is buoyed by the initial results from a program aimed at testing the depth potential of the Boston deposit on the Hope Bay gold project in Nunavut.Gold-mineralized …
Shareholders OK Gold Summit deal
Shareholders of Gold Summit Mines (GST-V) have approved a reorganization that will see the company take over a large land package in Nevada and California.The reorganization includes a one-for-five ro…
Gold Fields tags hot holes at Radius’s Guapinol property
Vancouver — Impressive drill results continue to roll in from Radius Explorations’ (RDU-V) ground in Guatemala. The latest batch came from partner Gold Fields (GFI-N) on the Poza Del Coyote target on…
LionOre, Dalrymple plan Aussie nuptials (June 09, 2003)
The directors of Australian junior Dalrymple Resources have agreed to an all-stock merger deal with joint-venture partner LionOre Mining International (LIM-T).Under the deal, Dalrymple shareholders wo…
Interior disallows Pass Minerals claims
A United States Department of the Interior hearings office has ruled mining claims located over a supposed “desert gold” deposit in southern Nevada are invalid “for failure to make a discovery.”Admini…
Bondi results warrant follow-up
Orezone Resources (ORZ-T) says results from reverse-circulation drilling on the Bondi gold property in Burkina Faso have exceeded expectations.The 2,250-metre, 31-hole program targeted a portion of a …
Spot Prices Wednesday June 4, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$365.30+0.75Silver$4.52-0.07Platinum$669.00-2.00P…
First Quantum profitable (June 09, 2003)
An expansion program and higher head grades enabled First Quantum Minerals (FM-T) to pump out twice as much copper cathode in the recent first quarter as a year earlier.The mid-tier producer mines the…