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News
Mongolia Gold adds ground
Mongolia Gold Resources (mgr-v) has added to its holdings in Mongolia by acquiring an 80% interest in two exploration licences.The properties, which, combined, cover 5,000 sq. km of ground in the cent…
TORONTO STOCK EXCHANGE INDICES (April 28, 1997)
1997Apr 22Apr 21Apr 18Apr 17Apr 16HighLowComposit…
Drilling expands Bulyanhulu resource
Deep drilling at the Bulyanhulu gold project in northwestern Tanzania has intersected gold mineralization some 300 metres beyond the previously defined depth to nearly 1,100 metres below surface.Sutto…
X-Cal options remainder of Sleeper mine in Nevada
Vancouver-based X-Cal Resources (xcl-v) intends to buy the remaining half of the Sleeper gold mine that it does not already own. The mine is in northern Nevada.The junior acquired a 50% stake in the o…
Delgratia resumes trading after assaying controversy
Las Vegas, Nev. — Shares of Delgratia Mining (delgf-q) have resumed trading after a 3-week halt related to controversy over assay results from the company’s Josh property, some 40 miles south of here…
ODDS ‘N’ SODS — A guilty conscience
.BBOB SINKSONWorking as an expatriate mine manager in South America, I learned that the margin between waking and dreaming can be very thin.One Sunday afternoon, I was sitting in my undershorts, dripp…
TVX Gold calculates new resource in Greece
Drilling has enabled TVX Gold (tvx-t) to calculate resource figures for its Skouries copper-gold project in northern Greece.Last year, the company sank 23 diamond drill holes in a program exceeding 15…
Queenston and Franco-Nevada take aim at Kirkland Lake prospect
Partners Queenston Mining (qmi-t) and Franco-Nevada Mining (fn-t) have announced the discovery of two new gold zones following a first phase of drilling at the McBean and Anoki gold deposits, east of …
LETTER TO THE EDITOR — Less regulation and more professionalism
It is with amazement and wry amusement that one hears and reads about the ever-changing, convoluted events surrounding the Busang project in Indonesia.Particularly amusing are the recent Toronto gathe…
Cameco reports mixed results
Uranium and gold producer Cameco (cco-t) experienced higher revenues but lower earnings during the first quarter.The Saskatoon-based firm generated $114 million in revenue during the period, compared …
Moneta, Barrick hit more gold
Drilling on the Michaud gold property, east of Timmins, Ont., continues to return positive results for partners Moneta Porcupine Mines (me-t) and Barrick Gold (abx-t).Recently, in the central block of…