Lonmin joins Wallbridge in Sudbury Basin
British-based platinum producer Lonmin has signed a joint venture deal to explore 19 of Wallbridge Mining’s (WM-T)…
News
Trading Summary (January 14, 2002)
The golds were one of just three of the Toronto Stock Exchange’s fourteen subindices to post gains on Monday. The G…
Newmont gets thumbs up
Newmont Mining (NEM-N) has received approval to extend its offer to Normandy’s shareholders in the U.S. and Canada,…
Blackstone deals Premier
Vancouver — Having just staked the Premier diamond property, Blackstone Ventures (BLV-V) has dealt a 75% interest…
Anglo Platinum in at River Valley
South African-based Anglo American Platinum, the world’s largest platinum producer, has formally earned a half-inte…
Channel deals Burkina Faso options
Channel Resources (CHU-T) has granted Axmin, a privately held exploration company, an exclusive 90-day option to ac…
Taseko closes financing
Vancouver — A limited partnership that Taseko Mines (TKO-V) has an exclusive right to acquire has raised $1.85 mil…
Summo arranges loan for Terrazas work (January 14, 2002)
Summo Minerals (SMA-T) is easing its cash crunch with a US$500,000 loan from major shareholder Resource Capital Fund II, and plans to use the money to complete a feasibility study on the Terrazas copp…
Gold outlook promising
Spot prices challenged the US$280-per-oz. level during the first few days of the new year, and the London morning fix of Jan. 7 was holding steady in that region. The U.K. gold auction of Jan. 9 was t…
Rubicon expands Red Lake gold portfolio
Junior Rubicon Minerals (RMX-V) has signed an agreement with a private company to acquire the McFinley gold project in the Red Lake camp of northwestern Ontario.The Vancouver-based company must pay $8…
C.L. Fausett
C.L. Fausett, owner of Fausett International, an Idaho-based drilling company, has died. He was 64.Fausett was born in Ashton, Idaho, in 1937. His family moved to the Silver Valley when he was 8, wher…
Majescor raises funds to explore in Quebec
With diamond fever gripping Quebec, Majescor Resources (MAJ-V) has raised $900,000 from two private placements brokered by Dundee Securities.The private placements grossed $500,000 from the sale of 83…