Now that Strathcona Mineral Services has so stunningly discredited Bre-X Minerals and its Busang project, the fingers are pointing, and backs are being covered. We would do well to examine the logic o…
A 2,000-Metre program of diamond drilling is under way at the Adumasa property in Ghana, a joint venture of Norcan Resources (NRE-V) and AMI Resources (AMU-V).The work will follow up on three prominen…
First, the gold project collapsed, then the share price. Now, Bre-X Minerals itself appears to be self-destructing.Following the damaging revelations of a technical audit on its Busang property in Kal…
While zinc prices were robust during the first quarter, copper and lead prices were not, resulting in a moderate decrease in earnings for Cominco (CLT-T).The company reported a profit of $21 million (…
The government of Indonesia has granted Newmont Gold (NGC-N) a construction permit for the Batu Hijau copper-gold project on the island of Sumbawa.The last week has been a tense one for the Denver-bas…
Brandon Gold (BG-V) can earn up to a 60% interest in the Guerrero concession, in the southern Mexican state of Guerrero.Under an agreement with Miranda Mining Development and Mexican-based Miranda Roy…
Canarc Resource (CCM-T) has intersected high-grade gold mineralization in two separate areas on the Sara Kreek property in Suriname.Highlights of the recent phase-2 program include: hole EB-9705, whic…
The Aripuana base metals project in Brazil has attracted the attention of a Canadian major.Noranda (NOR-T) has signed a letter of intent to invest up to $28.9 million in Aripuana in order to gain up t…
Considering that the Busang deposit of Bre-X Minerals is a bust, it is important for investors everywhere to reflect on a number of truths about the Canadian mining industry:* Mining helped found Cana…
Russian gold production is on the wane as a result of tension between industry and the government, according to the head of an association of prospectors in the country.Viktor Tarakanovsky of the Unio…
As a career prospector who has developed projects in Canada over the past 15 years, I have only one thing to say about the Busang “deposit” in Indonesia: Good riddance.During the past two years, the s…
A lower-Than-expected gold price has forced River Gold Mines (RIV-T) to put off some of its development plans.The price was widely expected to rise to the US$400-per-oz. range in 1997 but has instead …
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