Meridian options Venturina
Nevada-based Meridian Gold (MNG-T) has entered into a joint-venture option agreement with International Northair Mines (INM-V) on the latter’s early-stage Venturina gold property in the Sierra Madre r…
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Nuinsco options new ground
Nuinsco Resources (NWI-T) has entered into an option agreement with Freewest Resources Canada (FWR-M) on its properties adjoining Nuinsco’s Lac Rocher claims in northwestern Quebec.Nuinsco can acquire…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — De Beers expected to rebound as Asia recovers
The chance of a recovery in the jewelry market and new strategies in marketing could push diamond producer De Beers Consolidated Mines (DBRSY-Q) back up following two years of poor results.Analyst Rog…
Low price takes shine off Las Cristinas
The current slump in gold prices is causing Placer Dome (PDG-T) to consider suspending the US$575-million Las Cristinas project in Bolivar state, Venezuela.Placer Dome has a 70% stake in the project, …
Newhawk to merge with Silver Standard
Silver Standard Resources (SSO-V) has agreed to acquire all the outstanding shares of Newhawk Gold Mines (NHG-T).Shareholders in Newhawk will receive one share of Silver Standard for every six shares …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Archangel takes flight in sluggish market
The Vancouver Stock Exchange composite index dropped 10.65 points, or 2.4%, to finish the week ended July 13 at 429.61. The mining index followed suit, losing 8.96 points, or 3%, to close at 287.98.Me…
Juniors plan drilling
Partners Almaden Resources (AMH-V) and Troymin Resources (TYR-M) will carry out a drill program on the Prospector Mountain gold-copper porphyry property, 240 km northwest of Whitehorse, Y.T.The proper…
EDITORIAL & OPINION — COMMENTARY – Sales will harm African miners
Dear President Clinton,South Africa has inaugurated its second democratically elected president, Thabo Mbeki. Among the challenges he faces is the terrible shock tohis country’s economy caused by the …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold reaches 20-year lows during summer slump
Gold prices touched new 20-year lows during the July 7-13 report period, losing 60 cents to hit US$255.60 per oz. on the London morning fix ofJuly 14.Although there was relatively little activity in t…
Breakwater extends Dona Rosa deposit
Drilling by Breakwater Resources (BWR-T) at its El Toqui zinc-gold mine in southern Chile has extended mineralization into areas adjacent to the Dona Rosa deposit that were previously believed to be b…
Geomaque uncovers zone at Vueltas del Rio
A brighter exploration picture is forming at the Vueltas del Rio open-pit gold project in Honduras, with the discovery of a new zone of near-surface mineralization in an area previously proposed as a …
Avalon completes Big Whopper study
A prefeasibility study of the Big Whopper petalite deposit, north of Kenora, Ont., has boosted the total resource of the Separations Rapids project by 64% to 11.6 million tonnes grading 1.34% Li2O.The…