Olympus Pacific reports bonanza gold grades
Vancouver — Olympus Pacific Minerals (OYM-V) has found an area of high-grade gold mineralization on its Phuoc Son property in central Vietnam.The discovery occurred 7 km northwest of the Bai Go and B…
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Breakwater boosts reserves (January 14, 2002)
An independent review of Breakwater Resources’s (BWR-T) El Mochito mine in Honduras and El Toqui mine in Chile has resulted in an increase in mineral reserves and resources.The review, which included …
C.L. Fausett
C.L. Fausett, owner of Fausett International, an Idaho-based drilling company, has died. He was 64.Fausett was born in Ashton, Idaho, in 1937. His family moved to the Silver Valley when he was 8, wher…
Majescor raises funds to explore in Quebec
With diamond fever gripping Quebec, Majescor Resources (MAJ-V) has raised $900,000 from two private placements brokered by Dundee Securities.The private placements grossed $500,000 from the sale of 83…
Rubicon expands Red Lake gold portfolio
Junior Rubicon Minerals (RMX-V) has signed an agreement with a private company to acquire the McFinley gold project in the Red Lake camp of northwestern Ontario.The Vancouver-based company must pay $8…
Gold outlook promising
Spot prices challenged the US$280-per-oz. level during the first few days of the new year, and the London morning fix of Jan. 7 was holding steady in that region. The U.K. gold auction of Jan. 9 was t…
Summo arranges loan for Terrazas work (January 14, 2002)
Summo Minerals (SMA-T) is easing its cash crunch with a US$500,000 loan from major shareholder Resource Capital Fund II, and plans to use the money to complete a feasibility study on the Terrazas copp…
Trading Summary (January 11, 2002)
The Toronto Stock Exchange took a dive late in the day to end the week at 7,701.9 points, off 20.48 from Thursday’s…
AngloGold extends bid
South Africa’s AngloGold (AU-N) has extended by a week its offer for Normandy Mining (NDY-T) in an attempt to preve…
Control for Valerie Gold heats up
Vancouver — The battle over control of Valerie Gold Resources (VLG-V) entered round two with Frank Lang, the presi…
Pure Gold joins Otish Mountain rush
Pure Gold Minerals has agreed to acquire a 60% stake in Ditem Exploration’s (DIT-V) Tichgami property located in t…
Lac des les on the road to recovery
Introduction of a finer crush and modifications to the grinding and flotation circuits at North American Palladium’…