Vista unwinds hedge to improve cash position
Vista Gold (VGZ-X) has improved its cash flow by unwinding its gold hedge and suspending mining operations at the Hycroft gold mine in Nevada.The company liquidated its hedging position, which had cov…
News
DIAMOND NEWS ROUNDUP — New discovery in Sweden
Vancouver-based Poplar Resources (PPX-V) has signed an agreement with two prospectors who are reported to have made the first-ever diamond discovery in Sweden.The diamonds were found in a till boulder…
LETTER TO THE EDITOR — World’s governments can’t print gold
The comments made by David Gulley (“An historic juncture for gold,” T.N.M., Jan. 5-11/98) provide useful ammunition for those of us trying to persuade skeptics that gold has not had its day. Quite the…
EDITORIAL — Local residents defend mine proposal — Who CARES? Atlin does
The small community of Atlin, perched in a remote corner of northwestern British Columbia, was established in 1898 during the Klondike gold rush. Gold seekers, on their way to Dawson City, were divert…
DIAMOND NEWS ROUNDUP — Namibian Minerals begins commercial mining
Having completed sea trials and testing late last year, Namibian Minerals (NMR-T) has started commercial mining of diamonds at a concession off the coast of Namibia.The capital cost of the project was…
DIAMOND NEWS ROUNDUP — Trivalence boosts production
A 9-hole drill program by Trivalence Mining (TMI-V) will test the largest kimberlite pipe identified to date on the Aredor concession in Guinea, West Africa.The Antoshka pipe was first identified by R…
Darnley Bay defining targets
Newly listed Darnley Bay Resources (DBL-V) is continuing to refine drill targets at its namesake project in the Northwest Territories.The program is focused on testing what is thought to be the strong…
Juniors consolidate Portuguese interests
International Vestor Resources (IVS-V) has arranged with joint-venture partners Redfern Resources (RFR-T) and Cumberland Resources (CBD-T) to increase its interest in the Aljustrel Mining complex in s…
Wyoming to begin mapping program
The Wyoming State Geological Society (WSGS) will begin mapping the geology of the Granite Mountains, where a large-tonnage, low-grade gold deposit was discovered in 1982.The 3-year project, which will…
Samax hits more gold at Geita
Drilling by Samax Resources (SMX-T) has cut several wide intervals of gold mineralization at the Geita gold project in the Lake Victoria Goldfields district of Tanzania.Geita, which is wholly owned by…
Xemac uncovers high-grade gold at Quebec property
Two new gold zones with impressive grades were identified by Xemac Resources (XEM-M) during a fall drill program at its Lac Barry project in Quebec.To date, 16 shallow diamond drill holes have tested …
Echo Bay, Quest hit gold at Honduran property
Echo Bay Mines (ECO-T) has uncovered significant zones of gold mineralization during a 23-hole drill program at the Zopilote property in Honduras.Echo Bay is earning a 60% interest in the property fro…