New gold zone uncovered at Damoti Lake project
At the Damoti Lake project in the Northwest Territories, exploratory drilling on iron formation structures has identified an area of gold mineralization referred to as the Lard zone. Situated southeas…
News
Kookaburra works Peruvian prospect
Mapping and sampling of underground workings, along with soil geochemical work, continue at the Tacaza copper project in Peru, Kookaburra Resources (TSE) reports. Reverse-circulation drilling has outl…
Bronzewing enters production
The booming gold industry in Australia has spawned a series of major discoveries in recent years, one of the better ones being the Bronzewing mine of Great Central Mines (NASDAQ) which recently entere…
Princeton expands Elenita deposit
A drill program in northern Chile continues to expand the potential size of the Elenita oxide copper deposit. Owner Princeton Mining (TSE), which hopes to develop Elenita as an open-pit, solvent-extra…
LETTERS TO THE EDITOR — Diamond exploration scene could use
The recent convention, in Toronto, of the Prospectors and Developers Association of Canada was an example of what these gatherings are all about: exchanging ideas, dealing on properties and renewing o…
COMMENTARY — Mining in Canada: a look ahead
Federal Minister of Natural Resources Anne McLellan is writing this column at the invitation of “Keep Mining In Canada,” a national grassroots campaign designed to increase public awareness of the imp…
Spotlight on the Philippines
The new investment climate and mining opportunities in the Philippines will be discussed at an April 7 breakfast seminar at the offices of the Toronto Board of Trade. The seminar, to run from 8 to 11 …
Students engage in mining games
The fifth annual Canadian Mining Games were hosted this year by McGill Mining Engineering in conjunction with Genie des Mines de l’Ecole Polytechnique of Montreal. In addition to attracting engineerin…
Diamond News Roundup — Micros, macros in Drybones Bay core
VSE-listed Trade Winds Resources has reported partial dia-mond processing results from three holes drilled on the Drybones Bay kimberlite pipe. According to Lakefield Research, the core contains both …
STOCK MARKETS — Diamond issues add sparkle to western
Western markets shook off the winter blues over the report period ended March 28, with the resource index adding more than 40 points to finish at 1,152.37. The composite index followed with a more mod…
Financing secured for Fort Knox
Financing has been secured for development of the Fort Knox gold deposit in Alaska. Cyprus Amax Minerals (NYSE) made available to Amax Gold (NYSE) US$80 million in revolving credit. The money is in ad…
Dakota raises funds for Anchor Hill
From the sale of special warrants, Dakota Mining (TSE) received US$6 million in gross proceeds to finance development of the Anchor Hill project at the Gilt Edge gold mine near Deadwood, S.D. The comp…