News


Willow partners assess sampling data

Partners CaribGold Resources (CG-T) and Pure Gold Minerals (PUG-T) have cause for optimism at their jointly held Willow diamond property in southern Saskatchewan.Data, only recently discovered, from a…




Results enhance Tshane project

Exploration by Menora Resources (MEN-M) continues to add potential to the Tshane diamond project in southwestern Botswana.A soil sampling program over a 1-km grid identified six anomalous areas of kim…


Inco unveils development program for Creighton mine

Management of Inco (N-T) faced harsh criticism from union leaders representing its Canadian workers at the company’s first annual general meeting since the unveiling of restructuring plans that involv…


Gold Hawk eyes Peruvian silver-gold project

Montreal-based Gold Hawk Resources (CGK-A) is eyeing the open-pit potential of a past-producing, underground silver-gold mine 40 km east of the coastal city of Trujillo, in northern Peru.President Jea…


Costs cut at Nanisivik

Breakwater Resources (BWR-T) reports that milling improvements at its Nanisivik zinc mine on Baffin Island are partly responsible for a boost in earnings last year.The remote operation turned a profit…


Placer Dome buys stake in Vengold

Placer Dome (PDG-T) has acquired a 16.8% interest in Vengold (VEN-T) by subscribing to 23.6 million of the company’s shares at $1.75 each, for gross proceeds of $41.3 million.Vengold’s primary asset i…


1998 Mining for Miracles campaign launched

The 11th annual Mining for Miracles campaign is under way in British Columbia.Over the past 10 years, the campaign has raised and contributed almost $3.5 million to B. C.’s Children’s Hospital Foundat…


Falconbridge predicts growth in base metals

Though depressed metal prices curtailed first-quarter earnings for Falconbridge (FL-T), company president Oyvind Hushovd told shareholders at their recent annual meeting that brighter times are ahead….


GEOLOGY 101

Banded iron formation-hosted gold deposits, Part IBanded iron formation-hosted gold deposits consist of gold intergrown with quartz and/or sulphide minerals in deformed and structurally complicated ir…


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