NEWS ROUNDUP — William plans Clementine work
An option to earn a 50% interest in the Clementine gold property in Grevet and Franquet twps., about 30 km north of Lebel sur Quevillon, Que., is being negotiated by Ressources William (ME) with Lac M…
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NEWS ROUNDUP — Soquem may boost Nelligan interest
An additional 20% interest in the Nelligan II property in the Chibougamau area of northwestern Quebec may be acquired by Soquem, says Orient Resources (ME). Orient says Soquem intends to pay $10,000 a…
NEWS ROUNDUP — Zone extended at depth, says Glimmer
Drilling on the Beatty-Hislop prospect in northeastern Ontario has extended the East zone at depth, Glimmer Resources (VSE) reports. Hole 70 intersected 12.14 grams gold per tonne (0.35 oz. per ton) a…
Cash-rich Curragh reports loss
A cash position of $46.2 million at the end of the third quarter was reported by zinc-lead producer Curragh (TSE), which also recorded a loss for the 3-month period ended Sept. 30. The company says th…
NEWS ROUNDUP — Redstone arranges $8-million financing
In order to fund further mineral royalty acquisitions, Redstone Resources (TSE) will issue two million special warrants at $4 per warrant to raise $8 million. Each special warrant will be convertible …
NEWS ROUNDUP — Dundee sub. to complete share exchange
Bermuda-based Dundee International, a wholly owned subsidiary of Dundee Bancorp (TSE), will make a 1-for-1 share exchange offer to acquire the 263 million ordinary shares of Knights Gold Mining. Knigh…
U.S. REPORT — Syndicate evaluates Getchell’s leases
Four separate geological targets were evaluated during a first-phase trenching and surface sampling program carried out by the Goldrun Syndicate on the Decker, Torok and Goldrun mineral leases in Humb…
Placer options base metal property near Quebec City
An option agreement has been signed between Cache Explorations (ME) and Placer Dome (TSE) on Cache’s Riviere-a-Pierre property northwest of Quebec City. Under the agreement, Placer can acquire a 60% i…
Private placement to raise US$5 million for Seine River
A private placement with K.B. Resources is expected to inject US$5 million into Seine River Resources (VSE). K.B. Resources, a private firm owned by Seine directors Bernard Brynelsen and Mervin Davis,…
NEWS ROUNDUP — Eden Roc adds to land position
An agreement to expand its land position in West Africa’s Ivory Coast, to about 1,000 sq. km from 250 sq. km, has been reached with the government agency SODEMI, gold producer Eden Roc Minerals (TSE) …
NEWS ROUNDUP — Teck’s quarterly earnings climb
Net earnings of $14 million were reported by Teck (TSE) for its latest quarter ended Sept. 30, a sizable increase from the $6 million reported in last year’s third quarter. The company’s mining operat…
Exroy seeks funds to explore Ungava claims won in court
A recent decision by the Quebec Court of Appeal has granted Toronto-based junior Exroy Resources (CDN) full title to 48 claims in the Ungava nickel copper belt in northern Quebec. This decision will a…