Geomaque keeps up profitability
Geomaque Explorations (GEO-T) held its position as a profitable junior gold producer in 1997, posting earnings of $1.6 million (or 4cents per share).This figure includes a one-time charge of US$698,00…
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Menora outlines Peruvian deposit
Results from a reconnaissance field program suggest that the Julcan I property in north-central Peru has potential for hosting an economic gold depost, Menora Resources (MEN-M) reports.Situated 112 km…
Northern Orion pours first gold
Northern Orion Explorations (NNO-T) poured its first bar of gold at the newly constructed leach facility at the Mantua mine, 240 km west of Havana, Cuba. The event marks the Vancouver-based junior’s f…
Echo Bay defers payments
Echo Bay Mines (ECO-X) will defer cash payments on US$100 million in capital securities.The second semiannual payment on the securities, which were issued in March of last year, is due in October and …
Venezuelan congressman challenges Crystallex — Congressional committee offers papers to OSC
Calling the court actions launched by Crystallex International (KRY-T) “judicial privateering,” a Venezuelan congressman told an investment conference here that the company’s claims to legal title to …
Etruscan, Placer Dome hit more gold mineralization at Samira
Results from seven deep holes drilled at the Samira gold project in southwestern Niger have enabled partners Etruscan Resources (EET-T) and Placer Dome (PDG-T) to confirm the deposit’s continuity at d…
Yorbeau explores in Casa Berardi
Montreal-based junior Yorbeau Resources (YRB.A-T) is poised to begin drilling on one of its three properties in the Casa Berardi area of northern Quebec.The 1,000 to 1,500-metre program in Beschefer T…
Antamina gets green light — But Inmet incapable of financing its full 50% interest
Partners Rio Algom (ROM-T) and Inmet Mining (IMN-T) have completed a positive feasibility study of the huge Antamina copper-zinc project in Peru.The fast-tracked study, compiled by Bechtel Internation…
Phelps Dodge doubles size of Piedras Verdes deposit
Drilling has enabled Phelps Dodge (PD-N) to boost the copper resource at the Piedras Verdes project in Mexico’s Sonora state.The Phoenix, Ariz.-based producer, which holds a 70% stake in the project, …
Silver Century aims drills at Quebec properties — Work follows discovery of high-grade copper
Toronto-based Silver Century Explorations (SVC-A) has resumed drilling on two copper properties northeast of Sherbrooke, Que.As part of an agreement to earn a 100% interest in the contiguous Stoke and…
EDITORIAL — We are, we are, we are, — you’re not — Campaign a low blow to geologists
Ontario’s engineers have returned their ballots in a referendum on changes to the Engineers’ Act. The changes provide for professional registration of geologists and geophysicists. If the engineers ap…
Asarco quantifies Camp Caiman gold resource
Asarco (AR-N) announced a resource for its Camp Caiman gold project in French Guiana during the Society of Mining Engineers’ annual convention here.Asarco geologist Dominique Fournier said preliminary…