Mill City and partners in Cuba and Mexico
A geophysical survey is being flown over the 2,000-sq.-km Florencia-Jobabo gold concession in Cuba in an effort to identify targets for follow-up drilling. Partners Mill City Gold Mining (VSE) and Mac…
News
OPINION — The risks of staking claims over old Ontario mine
Part VII of the Mining Act of Ontario, which deals with matters relating to the environmental reclamation of mining lands, was proclaimed into force in 1991. The first important decision interpreting …
Hemlo posts earnings, makes exploration plans
Toronto-based Hemlo Gold Mines (TSE) made more money last year than at any other time in its 8-year life. The gold-producer boosted earnings by 40% over the previous year to $64.5 million (or 67 cents…
Dentonia eyes Mongolian interest
Under an agreement with Mongolrostsvetmet, a Mongolian-Russian joint venture, Dentonia Resources (VSE) can earn an initial 70% interest in the Asgat silver-copper property by placing it in production….
Hemlo drilling Timmins area play
Project operator Hemlo Gold Mines’ (TSE) has resumed drilling on the Sewell-Reeves gold property southwest of Timmins, Ont. The property covers a 22-km-long portion of the Destor Porcupine fault zone …
Sikaman Gold Resources buying andalusite mine
Toronto-based Sikaman Gold Resources (TSE) has signed a letter of intent to acquire up to a 100% interest (and no less than 75%) in a South African andalusite mine. The deal was struck with Enro Energ…
Echo Bay eyes Aquarius play
After several years of inactivity, the Aquarius gold property east of Timmins, Ont., is back in the news. Senior gold producer Echo Bay Mines (TSE) has signed a letter of agreement with LAQ Canada, a …
Opportunity expires for Barrick Gold
Senior producer Barrick Gold (TSE) has elected not to exercise its warrants to buy 1.1 million common shares of Canarc Resource (TSE) at $4.57 per share. As a result, Barrick’s right of first opportun…
Pacific Comox trenching in Ghana
Trenching within a geochemical gold anomaly on the Adansi-Asaasi concession in Ghana is yielding higher gold values than those received by channel samples taken from old underground workings of the pa…
Crystallex pours gold
Almost 6,000 oz. gold was produced from last year’s bulk-sampling program at the Albino property in Venezuela’s Kilometre 88 region. Gold dore sold by Crystallex International (VSE) to the country’s c…
INSIDER TRADING — San Fernando officers make share
Two senior officers of San Fernando Mining (VSE) completed share transactions in December. According to the Ontario Securities Commission’s OSC Bulletin, senior officer David Duval bought 1,000 shares…
Partners explore Cerro Verde
The Mexican subsidiaries of Corner Bay Minerals (TSE) and Magma Copper (NYSE) have reached an exploration agreement concerning the Cerro Verde copper property, southeast of Hermisillo in Sonora state….