Fjordland set to begin Greenland diamond hunt
Fjordland Minerals (FML-V) is preparing to begin a helicopter-supported till-sampling program in Greenland.The Vancouver-based junior intends to focus on 24 areas where last year’s reconnaissance samp…
News
Diamond explorer deals for gold properties in NWT
Glenmore Highlands (GMH-A), known for its diamond exploration interests in the Northwest Territories, has struck a deal to acquire a controlling interest in a company that owns gold projects in northe…
Diamonds recovered from Tuzo — Summer program planned for neighboring Doyle Lake project
The Tuzo kimberlite pipe on the AK property in the Northwest Territories has returned positive mini-bulk sampling results.De Beers Consolidated Mines (DBRS-Q) subsidiary Monopros recovered 108 carats …
Noranda takes over Refimet
Toronto-based major Noranda (NOR-T) has acquired all the shares of Fundicion Refimet that it did not already hold. The shares were acquired from Inversiones Mineras del Pacifico and Barrick Gold (ABX-…
Confirmation drilling under way at Kabolela copper project
Melkior Resources (MKR-M), has begun a confirmation drilling program on the Kabolela copper-cobalt deposit in the Democratic Republic of Congo.The Kabolela deposit is situated on the Likasi property, …
Tex-Sol hits gold in Timmins camp
Drilling by United Tex-Sol Mines (UTX.A-A) has identified additional mineralization at the Clavos property near Timmins, Ont.Drilling in hole 99, 30 metres north of the D horizon, intersected a quartz…
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Mineral Resources revs up Cassiar asbestos plant
After a 6-year production hiatus, the Cassiar asbestos project in British Columbia is ready to begin producing chrysotile fibres once again.Operator Mineral Resources (MIC-T), which holds a 100% inter…
Lew drill holes return mixed results
Two follow-up drill holes by Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) at their Lew polymetallic property in the Flin Flon-Snow Lake volcanic belt in Manitoba have retur…
Companies (June 01, 1998)
Akrokeri-Ashanti Gold MinesAmerica Mineral FieldsAnatolia Minerals DevelopmentAsarcoAtna ResourcesAustralian Kimberley DiamondsBarrick GoldBig I DevelopmentsBolidenBrimstone GoldCaledonia MiningCameco…
Dakota’s Alaskan unit seeks creditor protection
Crumbling under a large debt load, Dakota Mining (DKT-T) operating subsidiary USMX of Alaska has filed for bankruptcy protection.After a 90-day interim financing facility provided by NM Rothschild & S…
FINANCINGS — New Claymore funds Buffalo Hills exploration
New Claymore Resources (NCS-V) has agreed to a brokered private placement of up to 1 million units at $1.60 each, for gross proceeds of up to $1.6 million.Each unit will consist of one common share an…