As a test drive of Zambia’s privatization policy, Zambia Consolidated Copper Mines (ZCCM) has accepted a bid of US$28 million from Cyprus Amax Minerals (CYM-N) for an 80% interest in the Kansanshi cop…
A recent financing has netted $2.3 million, to be used by Samax Gold (SMX-T) to explore its extensive portfolio of gold mining and exploration projects in Tanzania, Ghana, Congo and Senegal.The newly …
Drilling at the Marmato property in Colombia has encountered additional gold mineralization.The discovery by Gran Colombia Resources (GRM-T) follows a 17-hole diamond drill program which spanned 4,094…
A financing agreement is expected to provide SouthernEra Resources (SUF-T) with funds to develop the Klipspringer diamond project in South Africa.Proceeds of between $7.7 million and $15.5 million wil…
A financial adviser has been retained by Banff Resources (BFF-V) to negotiate US$66 million of debt financing for the company’s Kasese and Kilembe projects in Uganda.An equity fiancing is also being c…
In Burkina Faso, partners Channel Resources (CHU-V) and Solomon Resources (SRB-V) have begun the first phase of reverse-circulation (RC) drilling on their Bombore project.The work is focused on an ano…
Drilling on the Pampe concession in southern Ghana is producing satisfactory results for junior Ghana Goldfields (GHN-V).The concession contains two well-defined gold zones and includes a system of mi…
Canarc Resource (CCM-T) has intersected new gold mineralization at its Polaris Taku property in northwestern British Columbia.Results from the first 24 holes of an ongoing 200-hole program include bro…
Leaders, pioneers and visionaries — these are but a few of the words that apply to the six men recently inducted into the Canadian Mining Hall of Fame.Their contributions to Canadian industry include…
Big Bear Oil & Gas (BIG-V) has changed its name to Renata Resources (RTA-V).
Exploration by partners Orezone Resources (ORZ-M) and Geomaque Explorations (GEO-T) is well under way at the Intidougou gold property in southwestern Burkina Faso.Each of the companies holds a 37.5% i…
An exploration program, including drilling, will be carried out by Auspex Minerals (APJ-V) on the Koulbaga concession in Niger, West Africa.The company recently increased its interest in the gold conc…
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