Deals this week: Takara Resources, Wolfden Resources, New Carolin Gold

17 September 2015 (Last Updated September 17th, 2015 18:30)

Takara Resources has concluded its transaction to acquire certain properties from Gold Bullion Development.

Takara Resources has concluded its transaction to acquire certain properties from Gold Bullion Development.

Following the deal, the subject properties that are located in Ontario have now been transferred to Takara through the acquisition by Takara of Gold Bullion's wholly owned subsidiary, Castle Silver Mines (CSM).

CSM owns a 100% interest in the 3,300ha silver producer near the northern Ontario community of Gowganda, Castle Silver Mine property.

Wolfden Resources has announced the acquisition of the Rice Island nickel-copper deposit located on the Rice Island property.

The property, which is wholly owned by the company, comprises 496ha and is located 10km south-southeast of the Town of Snow Lake in west-central Manitoba.

The Rice Island nickel-copper deposit was explored by drill programmes completed by Inco.

"Auriant Mining has the right to buy a 50% interest in Aristus's properties in Chukotka for $32.5m."

New Carolin Gold has completed the previously announced acquisition of an additional 30% interest in the mineral claims and crown grants held by Century Mining and Tamerlane Ventures.

Originally, Tamerlane held the 30% interest and the transaction completed as a result of a cash payment made by the company to the receiver of Tamerlane.

The acquisition is part of the implementation of an agreement in place between the company and the receiver of Century Mining in respect of the company acquiring complete ownership.

Auriant Mining has signed an option agreement with Aristus to purchase a 50% interest in five gold properties in Russia's Chukotka region.

The acquisition will also include one producing mine, Valunisty.

Under the agreement, Auriant Mining has the right to buy a 50% interest in Aristus's properties in Chukotka for $32.5m.

Red Eagle Mining has acquired 76,805,198 common shares of CB Gold, which were tendered to the company's share exchange takeover bid.

The company now owns a total of 78,590,198 or 43% of CB Gold Shares.

Red Eagle Mining said it will provide a subsequent offering period of ten days in accordance with the offer.