Canarc drilling at Guarimba property
Junior Canarc Resource (VSE) has finished an initial phase of exploration on nine properties in southeastern Venezuela. The Guarimba property is the most advanced of these and is held under option to …
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Takla options more Nevada ground
Junior Takla Star (ASE) and Uranerz USA have signed a second joint-venture agreement, which will enable the former to explore an additional 10,320 acres in Nevada’s Crescent Valley. Takla can acquire …
Ramrod branches to Honduras
A letter of intent gives Consolidated Ramrod Gold (TSE) the right to acquire a 51% interest in Aurora Exploration, a Honduran company. Aurora has been exploring for precious and base metals in Hondura…
Arimetco improves reserve estimate at Masaba property
A thorough analysis of drill core from the Mesaba copper-nickel orebody in Minnesota indicates a considerable improvement in reserves. Owner Arimetco International (TSE) and a team of state engineers …
LAST BUT NOT LEAST — Sutton updates Marudi reserve
Based on work to date, the Marudi Mountain property in southern Guyana has a drill-indicated and possible resource of about 9.6 million tons grading 0.07 oz. gold. Sutton Resources (VSE) says most of …
Economic unease affecting metals
Several events affecting investment and metals markets appear to have entered a new phase of intensity. Uneasiness in world financial markets is being felt in the metals sector, as investors begin to …
Royal Minerals lands Montanore
In a share swap, Utah-based Royal Minerals (NASDAQ) plans to acquire the outstanding shares of privately owned Montana Reserves. Existing shareholders of Royal Minerals will end up owning about 18% of…
Teck outlines two possible oreshoots
A first phase of drilling has wound down on Teck’s (TSE) Thunder Lake West gold project in northwestern Ontario. In total, 34 holes were drilled in a 15,894-ft. program funded by Continental Cartech (…
Claude resumes trading on ASE
Having restructured financially, Claude Resources has resumed trading on the Alberta Stock Exchange. Its core asset, the Seabee gold mine, continues to produce more than the design capacity of 400 ton…
USMX hits gold in Mexican play
Drilling at the Noche Buena project in northern Mexico is confirming the existence of a large, disseminated gold system for USMX (NASDAQ). Exposed gold has been identified as a result of surface and s…
Speculation on Metall’s future continues
There is persistent speculation that Metallgesellschaft (MG) plans to sell its 50.1% interest in Metall Mining (TSE). In recent news reports, MG is said to have confirmed the sale of the Canadian subs…
LAST BUT NOT LEAST — Aabbax to acquire gold partnership
Vancouver-listed Aabbax International Financial plans to buy the Big Nugget gold mining partnership (BNP) of Toronto. The company will pay 2 million warrants exercisable at 75cents for one year and 3 …