Santa Elina teams with TVX
New York-based Santa Elina Gold (TSE) has entered into an agreement with a subsidiary of TVX Gold (TSE) to explore the Lavrinha gold property in Brazil’s Matto Grosso state.Mineracao Santa Elina, a su…
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Hecla to explore La Fortuna in Mexican joint venture
Hecla Mining (NYSE) has formed a joint venture with War Eagle Mining (VSE) on the Mexican silver-gold project known as La Fortuna.Hecla can earn a 60% interest by spending US$5 million over the next f…
Battle Mountain hunts for Idaho gold
Battle Mountain Gold (NYSE) is exploring for the yellow metal on its Morning Glory project in east-central Idaho.The major can earn a 60% interest in the property from Formation Capital (VSE) by spend…
Newmont provides model for international mine financing
In October, 1990, Joseph Kowalik, a senior geologist with Newmont Gold (NYSE), visited the mammoth Murantau open-pit gold mine in this Central Asian republic and immediately recognized the potential r…
East Africa Gold outlines gold resource at Buckreef
Drilling at the Buckreef property in Tanzania continues to return encouraging gold values for East Africa Gold (VSE). The program is testing the downdip and strike extent of shear-hosted gold minerali…
COMMENTARY — Mining reform and the role of small miners
The World Bank’s recent study of mining in Latin America has concluded that the open-sector policies and open economies currently in place have succeeded in comparison with the nationalistic policies …
Uranerz drilling Nevada ground
A 3,000-ft. program of reverse-circulation drilling is under way on the Slaven Canyon South property in Nevada’s Crescent Valley.Takla Star Resources (ASE) is earning a 26.8% interest from Uranerz USA…
Sudbury conference sheds light on acid mine drainage
The federal government will release an official policy paper to show that it is committed to the goal of “sustainable development” with respect to mining.The announcement was made by Brent St. Denis, …
Global Pacific pursues Chinese copper connection
A joint venture with a Chinese mining company provides Global Pacific Minerals (VSE) with a 51% interest in an advanced-staged copper-gold-silver project in Anhui province.Global is among the first fo…
Metals Commentary — Physical metal markets flex muscles
Member nations of the Organization for Economic Co-operation and Development are wallowing in a mixture of high interest rates and artificially low inflation, deficits and unemployment. All the while,…
Pattern detected at Salvadoran play
Additional drill results from the Salvadoran project known as El Dorado suggest a pattern of increasing grade with increasing depth, Mirage Resource (TSE) reports.At the Coyatera North prospect, holes…
Illegal mining practices cause deaths at Albino mine
Illegal mining activity at Crystallex International’s (VSE) Albino gold mine in Venezuela caused the collapse of a wall in the Conductora pit.At least three miners died as a result.Crystallex expects …