Int’l Curator seeks funds for Crowsnest
International Curator Resources (IC-T) has amended a previously announced private placement; the financing now consists of 1.85 million shares and 1.27 million units priced at 35 cents per share or un…
News
Geomaque turns profit
Record output and lower cash costs kept Geomaque Explorations (GEO-T) profitable in the first quarter.The junior miner earned US$89,000 on revenue of US$6.17 million, compared with US$107,000 on US$4….
Navigator Exploration tests targets
Having recently completed ground geophysics on 33 targets in the Northwest Territories, Navigator Exploration (NVR-A) is set to drill-test up to six of these. They are situated at the southern end of …
Maracote focuses on Halley property
Junior Maracote International Resources (MCE-V) will begin a second phase of drilling on its Halley gold-silver property in south-central Peru.The 3,000-metre diamond drill program will test for gold …
Quinsam, Hillsborough go belly-up
In a final attempt to restructure its debt, Quinsam Coal has filed for creditor protection and suspended operations at its coal mine near Campbell River, B.C. As a result, 120 unionized workers have b…
DIAMOND PAGE — Cominco halts expansion
Low zinc prices have prompted Cominco to postpone, until next year, an expansion program at its Cajamarquilla zinc refinery in Peru.The first phase of the expansion, which increased production by 20,0…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Producers suffer as gold sinks further
Anyone who thought things could not get any worse should think again. The yellow metal dropped another $1.15 during the report period May 19-25, to land at US$271.20 per oz. on the morning of May 26.G…
Teachers buy Inmet shares
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Armada Gold (AAU-T) — John Hopkins, director, sold 100,000 shares indirectl…
QUERY — Aconic, Lomega both gone
Could you check to see whether the companies on the enclosed certificates, Aconic Mining Corporation and Lomega Explorations Limited, still exist, or whether they are under another company name? Anyth…
Juniors close deal
With both companies’ boards signing a final merger agreement, Queenstake Resources (QTR-T) and Santa Cruz Gold (SCG-T) are set to seek shareholder approval for the merger.Under the merger plan, both c…
Junior explores in Newfoundland
Junior United Carina Resources (UCA-V) has begun exploring its Linear Group property, near Gander, Nfld.Through a program of line-cutting, induced-polarization surveys and soil sampling, United Carina…
NEWS ROUNDUP — Drilling hits gold at Windfall Lake
A 7-hole drilling program by Inmet Mining (IMN-T) has led to the discovery of multiple gold zones in altered, sheared felsic volcanic rocks at the Windfall Lake property in Quebec’s Urban Twp., 100 km…