Earnings rise for Rayrock Yellowknife
A major sale made the second quarter a strong one for Rayrock Yellowknife Resources (RAY-T).The company, which mines gold in Nevada, reported earnings of US$5.4 million (or 30 cents per share), compar…
News
Mar-West, Curion expand Honduran deposit
An oxidized gold resource in excess of 20 million tonnes grading 1.3 grams gold per tonne has been established at the San Martin concession in central Honduras.The announcement follows a first phase o…
Gold Reserve passes audit
A study by Behre Dolbear has concluded that data collection procedures used by Gold Reserve (glr-t) at its Brisas gold deposit in southeastern Venezuela meet or exceed accepted industry standards.Othe…
Battle Mountain, Orvana option Chilean property
The Copper Line joint venture of Battle Mountain Gold (BMG-N) and Orvana Minerals (ORV-T) has reached an agreement-in-principal with the Chilean state mining enterprise Codelco that will expand the jo…
FACTS ‘N’ FIGURES — Greenland exploration on rise
The last operating mine in Greenland closed in 1991, prompting the government there to amend the Mineral Resources Act. The move was intended to bolster the island’s sagging mineral resources sector.N…
EDITORIAL — Investors place premium on growth in mining — Busang slows merger mania
The top brass of the major brokerage firms love them; lawyers love them; and so do accountants. Most important of all, investors love them, forgetting, as many do, that if two plus two can equal five,…
Lytton and New Indigo release grade for Jericho
Partners Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) report that the average grade of the JD/OD-1 kimberlite pipe in the Northwest Territories is now 1.18 carats per tonne.The announcemen…
BOOK REVIEW — Ed Schieffelin: one lucky cuss
.BREVIEWED BY JOHN CUMMINGDestination Tombstone: Adventures of a Prospectorby Edward Schieffelin; compiled by Marilyn Butler;US$14.95, Available from Royal Spectrum Publishing,2562 E. Evergreen, Mesa,…
GREATEST VALUE TRADED, August 20-26
ExchgValue($000s)HighLowCloseChangeInco LtdT11183…
STOCK MARKETS — Western markets remain static as summer draws to close — Mountain Province and Glenmore among few issues showing life signs
Western markets remained quiet over the report period ended Aug. 26. The Vancouver Stock Exchange composite index finished the period unchanged at 833.6, while the mining index edged up 2.95 points, o…
Donner drills — South Voisey’s Bay project
Diamond drilling is under way at the South Voisey’s Bay project of Donner Resources (drz-v).The 8,000-metre program is being managed by Teck (tek-t), which can earn a half interest in the project. The…
River Gold mills ore from Edwards mine
Ore from the Edwards gold mine near Dubreilville, Ont. — one of the richest deposits in Canada — is being processed commercially for the first time.Mine owner VenCan Gold (VCG-M) reports that the fi…