News

Ongoing exploration by Placer Dome (TSE) is enhancing the potential of the company’s 70% owned Las Cristinas gold project in Venezuela’s Kilometre 88 district. “We are still drilling at Las Cristinas …

Ownership of the Nugget Pond mining property in central Newfoundland is about to change hands. Alberta-listed Bitech has agreed to sell the property, along with its associated rights, interests and ro…

TSE-listed International Gold Resources has succeeded in drilling nine shallow reverse-circulation holes and six deeper diamond drill holes at the Bibiani gold project in Ghana. Three intersections, w…

Exploration activity has led to an 18% increase in reserves and resources at the Lady Lina gold property in Zimbabwe. Antares Mining & Exploration (TSE) reports that proven and probable reserves now s…

Now that a border dispute between Ecuador and Peru is settled, drilling is expected to begin on the Peruvian Las Lomas porphyry copper-gold property. The US$300,000, first-phase program will be operat…

Pre-production work began early this year at the Moris heap-leach gold project in Chihuahua state, owner Manhattan Minerals (VSE) reports. The Vancouver-based junior is constructing an open-pit operat…

New reserves have been outlined at the Redstone nickel mine near Timmins, Ont. Owner Black Hawk Mining (TSE) calculated about 154,600 additional tons following a 25-hole drill program designed to test…

Junior Radisson Mining Resources (ME) has completed a 10-hole drill program on the O’Brien gold property in Cadillac Twp., Que. Drilling was concentrated on several veins within the 36E zone. Of 19 in…

Copper and gold are not the only commodities being pursued by North American-based companies in Peru. Cominco Resources International (TSE), soon to be merged with its parent company Cominco (TSE), in…

Alberta-listed Nebex Resources will earn interests in two polymetallic concessions in Albania. The Calgary-based junior chose to work in the European country because of the abundance of natural resour…

For its Nixon Fork gold project in Alaska, Consolidated Nevada Goldfields (TSE) has completed US$1.5 million in bridge financing as a 60-day cash loan from Citibank Australia. The loan will be used pa…

Junior company First Western Minerals (VSE) has acquired a 49% interest in a gold project within the Mazaruni-Potaro district of northern Guyana. The project covers a prospecting licence, known as the…