News

NEWS ROUNDUP — Mirandor eyes Spanish Mountain gold

Junior Exploration Mirandor (ME) has arranged a $150,000 private placement. The funds, which consist of common shares priced at 20 cents each and one warrant per share valued at 26 cents, will be used…


Norcan arranges new financing

VSE-listed Norcan Resources has announced a private placement of 500,000 units at 60 cents each. A unit consists of one share and one warrant that entitles the holder to buy one additional share for 6…



Bre-X drilling Indonesian prospects

At the Busang project in East Kalimantan, Bre-X Minerals (ASE) has intersected gold mineralization in 22 of 31 holes over a strike length of 750 metres. Significant intersections of holes drilled to a…


Globex options U.S. gold plays

Montreal-listed Globex Mining has opted to acquire two gold properties in the western U.S. As consideration, Globex granted a net smelter return on each property payable if the gold price rises above …


CIM Newfoundland branch meeting set

The Newfoundland branch of the Canadian Institute of Mining, Metallurgy and Petroleum will have its 41st annual meeting Nov. 3-5 at St. John’s. Theme of the meeting will be “Investing and investment o…



PEOPLE — SANTA ELINA

Paulo de Brito appointed chief executive officer and president; John Hammes appointed chief operating officer; Juvenal Filho appointed vice-president; Luiz Barreto appointed vice-president of corporat…




PEOPLE — TITAN EMPIRE

James Baroux appointed chairman, chief executive officer and managing director; H. Abbas, Daniel Baroux, Beverley Montalban and Roger Theriault appointed directors.


Southern Copper looks to grow

A feasibility study on the Oracle Ridge copper mine, near San Manuel, Ariz., calls for current output to be doubled. Southern Copper (VSE) mines and processes 1,000 tons per day from the underground o…


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