|
|
MINING NEWS: Diamond zones found in Ontario
Pele Mountain Resources, a junior exploration company, says it has discovered two large diamond-bearing zones in northern Ontario.
Exploration at the Festival diamond project is being financed by gold producer Goldcorp, which has an option to acquire up to a 60 percent interest and is best known for its Red Lake gold mine in northern Ontario and its current bid to take over Vancouver-based Wheaten River Minerals.
Goldcorp is itself a takeover target by Nevada-based Glamis Gold, which has urged Goldcorp shareholders to reject the Wheaton deal.
—Gary Park
Did you find this article interesting?
Tweet it
 | Digg it
|
Print this story | Email it to an associate.
Click here to subscribe to Mining News North of 60 for as low as $69 per year
|
Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.miningnewsnorth.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (North of 60 Mining News)(Petroleum News Bakken)(Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.
|
|
|
