Platosa yields mixed results (November 26, 2001)
Vancouver — Three drill holes at the Platosa base metal property in west-central Mexico have returned significant mineralization for Excellon Resources (EXN-V).Two of the holes tested the lateral off…
News
Consolidation afoot in Free State
Joint bidders Harmony Gold Mining (HGMCY-Q) and African Rainbow Minerals (ARM) have succeeded in their offer to buy the Free State assets of AngloGold (AU-N) for R2.2 billion in cash.R1.8 billion is p…
Southern Rio gains BC foothold (November 26, 2001)
Shifting its focus from South America to precious metal properties in Canada, Southern Rio Resources (SNZ-V) has inked a deal to acquire the Duke copper property, 30 km west of Merritt, B.C.In return,…
Ashton boosts offering to $8m
Higher-than-expected demand for a $3-million brokered flow-through financing priced at a $1.10 per unit has led Ashton Mining of Canada (ACA-T) to raise an additional $1 million under the same terms.A…
Diamondex gains ground
Randy Turner’s Diamondex Resources (DSP-V) has struck an agreement to acquire a 70% interest in the Peregrine property in Nunavut.Situated in the emerging Coronation Bay kimberlite camp, 520 km north …
NAME CHANGES (November 26, 2001)
Totem Mining (TOH-V) has changed its name to Comcorp Ventures (CVE-V) on a 1-new-for-16.9-old-share basis.Century Gold (CNT-V) has changed its name to Novra Technologies (…
Gov’t hints at GSB cuts
The government of British Columbia is considering cutting or reassigning a large part of the staff of the province’s Geological Survey Branch.Energy and Mines Minister Richard Neufeld said in a televi…
Long-term outlook good for platinum group metals: book
Over the next 10 years, palladium prices will decline while platinum will reclaim its price superiority.That’s among a host of predictions offered in Platinum Group Metals: World Resources, Economics …
Age of BC ‘blondes’ clarified
I read with interest the commentary by David Lefebure regarding platinum group element potential in British Columbia (T.N.M., Nov. 12-18/01) and would like to comment on one item.In describing the cop…
Northern Orion drops South African gold deal
Northern Orion Explorations (NNO-T) has dropped a deal to acquire Ditchburn Management, which holds a 12-month option to acquire up to a 90% interest in President Steyn Gold Mines of South Africa.Nort…
News – 26-NOV-01
Hedgers battle non-hedgers
Normandy Mining’s board of directors has recommended shareholders accept the takeover bid made by Newmont Mining.Newmont arrived in mid-November as a white knight to outbid AngloGold, which had offere…