Rayrock proposes merger with Glamis
A proposed merger with Glamis Gold (GLG-T) has enabled Rayrock Resources (RAY-T) to fend off a potential liquidation.Rayrock was prepared to meet its destiny on Nov. 20, when shareholders were expecte…
News
EXPLORATION — Pogo adds fuel to Alaskan exploration boom
Alaska is enjoying an unheralded exploration boom, partly fueled by the discovery of the high-grade Pogo gold deposit, which has captured the imagination of both juniors and seniors alike. Since the b…
EXPLORATION – Oxus to review Amantaytau gold project
London-based Oxus Resources has been invited by the Uzbekistani government to submit a definitive proposal to develop the Amantaytau and Daugyztau gold deposits in Uzbekistan. The deposits lie 400 km …
MINING MARKET & INVESTMENT NEWS – INSIDER TRADING — Agnico-Eagle execs come alive
According to insider trading transactions reported by the Ontario Securities Commission in its OGS Bulletin, eight executives of Agnico-Eagle Mines (AGE-T) purchasing shares in that company in October…
EXPLORATION – Billiton stirs up Buchans camp — Phelps Dodge, Rio Algom also drawn to historic region
Billiton, the world’s fourth-largest nickel producer, has gained access to about 1,000 sq. km in the Buchans area of central Newfoundland following an aggressive round of deal-making with several juni…
EXPLORATION – GeoNova, Inmet revise Chevrier deal
GeoNova Explorations (GNE-M) and Inmet Mining (IMN-T) have reworked a 1995 agreement which provided the former with an option to acquire the latter’s Chevrier gold project near Chibougamau, Que.Under …
EXPLORATION – Buchans River hits VMS zone
Buchans River (BUV-A) has intersected massive sulphides at its Barasway de Cerf property in southern Newfoundland.The best intersection from the 3-hole program returned a weighted average grade of 4.6…
No place like home for Eastmain Resources
The notion that the grass is always greener on the other side of the globe has found little favor with Eastmain Resources (ER-T), a Toronto-based company exploring for gold and base metal deposits in …
First Dynasty finds investor
Twin Star Holdings, part of the Sterlite group, has agreed to make a major investment in First Dynasty Mines (FDM-T), subject to due diligence and necessary approvals.The Sterlite group produces and p…
EXPLORATION – Cancor focuses on Zone B at Gemini project — Surveys, drilling point to promising polymetallic values at project in northwestern Quebec
Montreal-based Cancor Mines (KCR-M) is gearing up for another round of diamond drilling at its Gemini polymetallic property north of La Sarre in northwestern Quebec.The 206-claim property is in Laberg…
DIAMOND PAGE — K-14 diamond grade falls short
Diamond grades from the long-awaited processing of the K-14 bulk sample have proved disappointing for Ashton Mining of Canada (ACA-T).A 479-tonne sample collected by reverse-circulation (RC) drilling …
EXPLORATION – Marchmont moves into Eritrea
Calgary-based Marchmont Gold (MHM-A) has signed a letter-of-intent to purchase, in exchange for shares, a private company that has a majority stake in four gold properties in Eritrea The contract woul…