News

NEWS ROUNDUP — Gold Reserve to increase holdings

Spokane-based Gold Reserve (TSE) plans to acquire the Brisas concession in the Kilometre 88 region of Venezuela. Until now, the company has held a 75% direct and a 16% indirect interest in the propert…


Loki Gold facing permitting delays

Red tape is tying up Loki Gold (TSE) as it endeavors to begin construction at the Brewery Creek open-pit project in the Yukon. The deposit hosts a diluted minable reserve of 16.7 million tonnes gradin…


Bolivar sees production potential

The indicated and inferred resource in three zones at the Tomi concession in Venezuela’s El Callao region is now believed to exceed 2.7 million tonnes grading 5.42 grams gold per tonne. Bolivar Goldfi…


Agate to drill in Chile

Drilling is expected to begin soon at the Nancagua gold-silver project south of Santiago, Chile. Partners Agate Bay Resources (VSE) and Princeton Mining (TSE) plan to drill at least 1,000 metres in a …


Crystallex nears target at Albino

Gold production from the Albino mine in Venezuela has increased dramatically. The operation, situated in the Kilometre 88 region, cranked out 3,352 oz. in March — a whopping 73% increase over the pre…


Voisey Bay anomaly extended

A geophysical survey has identified another anomaly, some 4.5 km northwest of the Voisey Bay nickel-copper-cobalt project in Labrador. Diamond Fields Resources (TSE) says work is continuing in this ar…


Canmine hits zones at Fer play

Two mineralized zones have been encountered on Canmine Resources’ (ASE) wholly owned Fer property in northern Manitoba. One of the areas, known as the Point zone, contains precious metal mineralizatio…


Vengold active in Venezuela

Preliminary drill results from the Bizkaitarra gold concession in Venezuela’s Kilometre 88 region are encouraging for partners Vengold (TSE) and Queenstake Resources (TSE). To date, results from five …



Gibraltar Mines president speaking at CIM luncheon

The president of Gibraltar Mines, William Myckatyn, will provide an update on his company’s activities at an April 28 luncheon presented by the Canadian Institute of Mining, Metallurgy and Petroleum. …


BHP, Canyon in Montana

NASDAQ-listed Canyon Resources will allow BHP Minerals International Exploration (NYSE) to explore some 900,000 acres of its properties in western Montana. BHP can earn a 51% interest in the propertie…


BOOK IN REVIEW — The mines of Red Lake

The Gold Mines of Red Lake, Ontario, Canada, written and published by D.F. Parrott, 204-120 South Cumberland St., Thunder Bay, Ont. P7B 5R7. Printed by Derksen Printers, Steinbach, Man. Hardcover, 256…


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