Deals this week: Coronet Metals, Castillian, Santo Mining and more

1 November 2012 (Last Updated November 1st, 2012 18:30)

Canada-based gold and silver exploration and development company Coronet Metals has acquired all outstanding shares of White Caps Gold Mining Company.

Canada-based gold and silver exploration and development company Coronet Metals has acquired all outstanding shares of White Caps Gold Mining Company.

Coronet now has control of the White Caps Gold Project in the historic Manhattan mining district of Nevada.

The property contains indicated resources of up to 250,000t of gold-bearing tailings and dumps across 2,800 acres of patented and unpatented mining and millsite claims.

Castillian Resources of Canada has acquired a 100% interest in the Hope Brook Gold property in exchange for $160,000 in cash and 200,000 common shares.

The company has also amended and closed the option agreement with Ryan Gold, offering a 10% interest in the property. Ryan Gold will acquire the interest after incurring exploration expenditures amounting to $2m.

US-based natural resources company Mabwe Minerals has acquired a 25% stake in mining and construction company WGB Kinsey through an equity exchange.

Mabwe stated, "With both open-pit and open-cast mining experience ranging from chrome to platinum to gold, we believe the company has all the necessary equipment and management experience to efficiently perform all the mining operations at the Dodge Mine."

Santo Mining, a gold exploration company in the Dominican Republic, has expanded its business portfolio with the acquisition of a 100%-stake in the Eliza gold exploration claim.

Located near Monción in the Dominican Republic, the claim consists of 243.75ha of explorable lands.

Vancouver-based acquisition and development company Darwin Resources doubled its key land holding at the Suriloma gold-silver property in Northern Peru for $800,000, payable over three years.

Darwin now owns a 100% interest in the land package, which hosts numerous gold and silver bearing structures.

Gold producer Brigus Gold has exercised an option agreement with Sandstorm Gold to purchase 12% of the gold produced from the Black Fox Mine in Timmins, Ontario.

As part of the repurchase option, Brigus will pay an ongoing purchase price of $500 for an oz of gold.