Volume 96 Number 48 Jan 17 - 23, 2011

Seafield posts more results from Colombia

Five days after shares of Seafield Resources (sff-v) soared 147% to 57¢ on drill results of 449 metres grading 1.29 grams gold per tonne at its Miraflores gold deposit in Risaralda, Colombia, the junior has moved its drills 3 km to the…


Gold hits lift Rainy River, Northern Superior

Joint-venture partners Rainy River Resources (rr-v) and Northern Superior Resources (sup-v) have pulled a significant discovery hole from Target 3 at the TPK gold project in northern Ontario.  Hole 4 hit 13.5 metres grading 25.87 grams…


Altius pairs with Cliffs

Well-respected for its project generation work in Newfoundland and Labrador, Altius Minerals (als-t) has entered into an exploration alliance with Cliffs Natural Resources (clf-n) covering ferro-alloy metals within specific areas of the…


Galway raises $25M for Colombia

Galway Resources (gwy-v) has released several significant gold-silver hits from its California project in Colombia just as it announces a $25-million financing.The latest results come largely from the Pie de Gallo zone, a 300-metre-long…


Antofagasta helps Duluth Metals bid for Franconia

In a significant land consolidation move, Duluth Metals (dm-t) has agreed to buy Franconia Minerals (fra-t) for $77 million.A map of the two companies’ claims shows obvious synergies, with Franconia’s land package filling the holes between…


Tahoe raises $352M for Escobal

Tahoe Resources (tho-t) has taken advantage of buoyant precious metal prices to raise $352 million in a bought-deal financing with a syndicate of underwriters led by GMP Securities.The private placement financing is just shy of 25 million…


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