Following the southerly migration of exploration dollars, Canmine Resources has agreed to acquire a 100% interest in the San Antonio silver property in the province of Chihuahua, Mexico.
In exchange for 100,000 Canmine shares and a net profits royalty of 15%, Canmine, through a Mexican trust, will have ownership of the high-grade silver property for 12 years. A grab sample from the San Antonio main vein returned 252 oz. silver per ton, 5.4% copper and 15% lead.
Trading 30,000 shares, Canmine closed unchanged at 25 cents for the week ended July 2.
Shareholders of Holcorp Mines, formerly Holcorp Gold Mines, have approved a 2-for-1 stock split of the company’s common shares. Holcorp also plans to issue 3.75 million special warrants at 75 cents per warrant. Holcorp was $1.20 bid, $1.35 ask on the week.
Near Thunder Bay, Ont., Wye Resources has resumed drilling on the Saganaga Lake gold property. The junior explorer has also purchased the surface rights to a nickel-copper-platinum property in Gorham Twp., Ont. Wye was 13 cents bid, 18 cents ask.
James Cassina has acquired 400,000 common shares, or more than 20%, of Manitex Minerals. Cassina plans to reactivate Manitex, which last traded at one cent.
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