Partners Inmet Mining (IMN-T) and Altavista Mines (AIA-M) have intersected gold and silver mineralization at the Wild Mick property in central Zimbabwe.Seventeen holes, totalling 3,996 metres, were dr…
Newly listed Rubicon Minerals (RMX-V) has assembled a portfolio of 17 base metal and gold properties in Canada, three of which will be drill-tested early next year.The land package includes properties…
New developments at Bathurst Inlet in the Northwest Territories have induced Kit Resources (KIT-T) to acquire the nearby Izok Lake polymetallic property from owner Inmet Mining (IMN-T).Kit, which owns…
Sources of antimony are diversifying in the late 1990s, according to a report from a London-based metals analyst.According to Roskill Information Services, new sources of antimony may result in greate…
Two Canadian mining companies have agreed to fund a work program managed by ProAm Explorations (PMX-V) at the Golden Boy project near Winnipeg, Man.Consolidated Venturex Holdings (CVA-V) and Pizay Inv…
International Precious Metals (IPMC-C) has announced that a study by consulting firm Bateman Engineering has “confirmed the presence of gold and platinum” on the company’s Black Rock property in weste…
Low gold prices are forcing Royal Oak Mines (RYO-T)to trim production costs and lay off workers.The strategy is designed to ensure the company has sufficient cash on hand to complete construction of t…
Junior Fremont Gold (FGLD-Q) has signed a letter-of-intent to acquire the 80,000-ha Dania gold property in the Maricunga district of northern Chile.The property, currently owned by Chilean-based Dania…
With no foreseeable sign of a turnaround in the weakened gold market, Campbell Resources (CCH-T) is suspending operations at its Santa Gertrudis mine in Sonora state, Mexico, in order to focus on expl…
Pegasus Gold (PGU-X) has responded to the depressed gold price by announcing its intention to close down the Mt. Todd gold mine in Australia’s Northern Territory.The company also took a nearly US$400-…
Gerry McIlhargey, Irving Bakerman and Fleming Sondergaard elected directors.
Raymond Savoie appointed director.
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