DIAMOND PAGE — Ashton drill results promising
A second batch of microdiamond results from Ashton Mining of Canada’s (ACA-T) winter reconnaissance drilling program on the Buffalo Hills project in north-central Alberta has shown kimberlite K-11, on…
News
McVicar eyes Chinese gold
Toronto-based McVicar Minerals (MVR-A) has signed a letter of intent with a Chinese government agency to explore the producing Xiaojin gold property in southwestern China.The small open-pit, heap-leac…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Mining issues fall in stagnant market
The Toronto Stock Exchange traded in a narrow range during the May 27-June 2 report period, with the TSE 300 composite index closing down 91.95 points to 7,534.01. Both mining sub-groups outpaced the …
Cautious investors show interest in St. Jude
While Ghana’s gold potential is undeniable, junior companies exploring concessions in the West African country are facing increased scrutiny from investors in the wake of a high-profile tampering scan…
Dayton shareholders battle over merger plans
The directors of Dayton Mining (DAY-T) are facing a shareholder revolt in response to Minorca Resources’ (MAR-T) growing influence in Dayton’s boardroom.On May 27, New York City-based investment firm …
Queens’ geology student honored
Steven Olsen has been awarded the 1997 Money Medal for his master’s work in mineral exploration at Queen’s University in Kingston, Ont.The medal, struck from gold-plated Falconbridge nickel, is awarde…
Spectrum seeks PGMs in New Zealand
High prices and demand for platinum and palladium have prompted Spectrum Resources (SPC-V) to option two New Zealand properties prospective for platinum group metals (PGMs).The first property covers 1…
Noveder launches drilling in Quebec, Newfoundland
Montreal-based Noveder (NED-M) has begun new drilling campaigns on several of its gold properties in Quebec and Newfoundland.* Abitibi — At the Abitibi project, near Val d’Or, Que., drill crews are e…
Queenston, Franco start new drilling program
Another round of exploration is under way at the Kirkland Lake project, a joint venture of Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) in northeastern Ontario.The partners have budgeted $…
Kafue consortium shrinks by half — And then there were two.
Majors Noranda (NOR-T) and Phelps Dodge (PD-N) have withdrawn from the Kafue consortium; only South Africa’s Avmin and Britain’s Commonwealth Development remain.Over the past 15 months, the consortium…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Indocan acquires Prodigy
Toronto-based Indocan Resources (IDCN-O) has wrapped up its acquisition of Prodigy Resources.The deal was sealed upon the issue by Indocan of 15 million new shares to Prodigy shareholders. Indocan has…
SouthernEra holds firm at Klipspringer property
Rumors of a potential breakup in ownership of the producing Klipspringer diamond project in South Africa’s Northern Province are unfounded, says SouthernEra Resources (SUF-T).The embattled company’s l…