Deals This Week: Baffinland, Strongbow Exploration, Bullion Monarch And More

23 September 2010 (Last Updated September 23rd, 2010 18:30)

Baffinland Iron Mines said it has received a hostile takeover bid of C$274m (US$265m) from a private investment firm Energy & Minerals Group. The acquisition, if successful, would help Baffinland to fund its flagship C$3.7bn Mary River project in Nunavut.

Baffinland Iron Mines said it has received a hostile takeover bid of C$274m (US$265m) from a private investment firm Energy & Minerals Group.

The acquisition, if successful, would help Baffinland to fund its flagship C$3.7bn Mary River project in Nunavut.

Iron Mining said it will acquire a 70% interest of an existing iron sands reserve development project in Chile's Fourth Region, Coquimbo.

Soldi Ventures has bought the Rainy River Block 'A' property, which consists of three contiguous claims containing 28 claim units in the Kenora Mining District of north-western Ontario.

Strongbow Exploration said it has acquired a Midway gold project within the Haile-Brewer Gold Trend, South Carolina, US.

The Midway project includes over 1,450 contiguous acres covering a 2.5km strike length of the Haile-Brewer gold trend.

Halie gold mine reportedly consists of 2.2 million ounces gold with additional inferred resources of 2.0 million ounces of gold.

Bullion Monarch Mining said it has acquired the La Reyna property in the mineral-rich Sierra Madre gold belt of Northern Mexico in the state of Chihuahua.

The property holds Ocampo, Dolores, Mulatos, El Sauzal as well and Tayoltita silver deposits.

Douglas Lake Minerals has acquired four properties directly bordering Canaco in the Handeni district processed and transmitted by Hugin AS.

The licences, covering 800km2 are owned or controlled by IPP Gold and its affiliates.

Edgewater Exploration said it has completed the acquisition of Rio Narcea Gold Mines, a subsidiary of Lundin Mining Corporation.