Imperial agrees to buy Regional
Junior Imperial Metals (IPM-T) is offering either 0.8 of a share or $1 cash for all the outstanding shares of Regional Resources (RGL-T).Regional’s main asset is an 82.15% interest in the Midway proje…
1996
Orvana to explore Don Mario at depth
In its next phase of drilling on the Don Mario deposit in Bolivia, Orvana Minerals (ORV-T) will focus on the structure’s down-plunge extension.In the first phase, the company intersected an average tr…
Placer Dome intersects gold at property near Detour Lake
Drill holes on two projects in the Detour Lake area of northeastern Ontario have intersected gold mineralization.Placer Dome (PDG-T), drilling on a property it holds under option from Gowest Amalgamat…
Ellios explores in Greenland
A total of 228 heavy mineral concentrate samples have been collected from stream sediments downstream of circular-shaped lakes on ground held by Ellios Resources (EOR-V) in Greenland.The company acqui…
NEWS ROUNDUP — Santa Cruz finds zone at Magistral
Junior Santa Cruz Gold (SCG-T) has intersected a new zone following drilling at its Magistral gold project in Sinaloa state, Mexico.Infill hole MDH-281, drilled to test the updip potential of the San …
NEWS ROUNDUP — Globex has chance at Quebec deposit
Junior Globex Mining (GMX-M) has reached an agreement to earn a 50% interest in the Wood gold deposit near Cadillac, Que., once Amblin Resources acquires full ownership of the deposit.Under the agreem…
Misty Mountain adds to Harmony deposit
Drill results from the Harmony gold project in British Columbia’s Queen Charlotte Islands continue to impress owner Misty Mountain Gold (MGL-T).Misty is systematically drilling the Specogna deposit on…
Financing arranged for Lomas Bayas
Debt financing to the tune of US$140 million has been arranged for development of the Lomas Bayas oxide copper mine project in northern Chile.The project has been delayed since early July, when Gibral…
Quebec gov’t stakes nickel as private sector looks on
Traditionally, in Canada, provincial and federal geologists assist the mining industry by mapping virgin areas and releasing information about prospects and showings that often point the private secto…
LITERATURE REVIEW SPECIAL — Freegold sets sights on Alaska’s placer territory
Since 1902, nearly 10 million oz. gold have been pulled from alluvial gravels in the Fairbanks district, where miners worked their way up-stream in search of the lodes that fed the placers. The old-ti…
LITERATURE REVIEW SPECIAL — Cyprus Amax produces copper at El Abra mine
In northern Chile, Cyprus Amax Minerals (CYM-N) has started producing copper at the El Abra mine, seven months ahead of schedule.The first cathode was produced from the solvent extraction-electrowinni…
LITERATURE REVIEW SPECIAL — Romarco picks up more gold at Midas property in Nevada
At its Midas property in Elko Cty., Nev., Romarco Minerals (R-T) has intersected additional gold mineralization.Earlier reverse-circulation drill holes there intersected mineralized zones with grades …