Rubicon works at Palmer
Rubicon Minerals (RMX-V) has raised $250,000 in a private placement, with proceeds earmarked for drilling on its Palmer base metal project near Haines, AlaskaThe placement consisted of 500,000 non-flo…
News
LATIN AMERICA — Trans Hex digs in at Barra Grande project in Brazil — Black Swan forgoes option on Jequitinhonha River diamond property
Brazilian rivers have long-been known for their diamond potential, and partners Trans Hex International (THI-T) and Verena Minerals (VMCO-C) are showing their Barra Grande property, on the banks of th…
Lonmin makes offer for Ashanti Goldfields
Lonmin has come through with a merger offer for troubled Ashanti Goldfields (ASL-N), valuing the Ghanaian gold miner at US$820 million.The London-based platinum producer was offering 0.744 share for e…
PEOPLE — Minaterra
Brian Wallace appointed director.
PEOPLE — Homestake (October 18, 1999)
Igor Levental appointed vice-president, investor relations; Stephen Orr appointed vice-president, North American operations.
Romarco buoyed by Goldfield results
Initial drilling at the Goldfield project in southwestern Nevada has returned encouraging results for Romarco Minerals (R-T).The company drilled 77 holes (33,865 ft.) at the 15,000-acre property in a …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Stocks decline as spot gold settles to US$320 per oz.
After several weeks of excitement, gold started to settle down during the holiday-shortened Oct. 6-12 report period, with spot prices restricted to within the US$315-325-per-oz. range. Over the week, …
Romania updates mining law
In 1998, as part of an effort to revive its struggling economy, the government of Romania enacted a new mining law. The statute allows both foreign and Romanian entities to obtain exploration and expl…
Kinross, United Tex-Sol hit high grade in Timmins (October 18, 1999)
Operator Kinross Gold (K-T) and partner United Tex-Sol Mines (UTZ-A) have intersected high-grade gold mineralization at the Clavos project in Timmins, Ont.In addition to intersecting 94.6 grams gold p…
Atna drops Dry Creek project in Alaska
Atna Resources (ATN-T) has elected to back away from the Dry Creek and Anderson Mountain massive sulphide projects in Alaska.The projects were a joint venture with Grayd Resource (GYD-V). The two comp…
Moss Lake expands Fountain Lake property
Moss Lake Gold Mines (MOK-T) has acquired the Fountain Lake property, 100 km west of Thunder Bay, Ont., following a cash-and-share deal.The junior paid $45,000 and issued 4.5 million shares for the 80…
Gabriel revives Golden Quadrilateral
It’s one of the most prolific mineral districts in the world with a history pre-dating Roman times, yet, until recently, few people knew much about it. And that low profile allowed Frank Timis, chairm…