Nebex draws up plans to drill five properties
Alberta-listed Nebex Resources plans to carry out drilling on three gold properties in Yellowknife, N.W.T., and on two gold and base metal properties in New Brunswick. Near Yellowknife, Lac Minerals (…
News
Historical gold belt — El Callao region attracts interest
While it may not be as heavily promoted as the Kilometre 88 region, Venezuela’s El Callao region, 125 km to the northwest, has attracted its share of exploration companies. This should come as no surp…
Waddy Lake encouraged by bulk sample results
Toronto-listed Waddy Lake Resources has completed test mining and milling programs to determine the continuity and consistency of mineralization at its Komis gold deposit in northern Saskatchewan. The…
World Wide expands zone at Easter Project
The latest assay results from World Wide Minerals’ (TSE) Easter Project in Nevada show that continuity and gold grades are significantly better than those encountered during the previous program. In a…
Strong physical demand for metals continues
Base metal markets continued their upward thrust in September as investors bought and bought, ignoring any simultaneous rise in inventories on the London Metal Exchange (LME). Strong physical demand r…
Pangea drilling at Fenn-Gib
Results from the first two holes of a 10,000-metre drill program on Pangea Goldfields’ (TSE) Fenn-Gib property near Matheson, Ont., suggest excellent down-plunge continuity of the West Deformation zon…
Crew renamed South Crofty
Shareholders of Crew Natural Resources (VSE) have approved a corporate name change to South Crofty Holdings, as well as a consolidation of shares on a 2-for-1 basis. The name change reflects the compa…
Noranda, Rhonda uncover northern copper deposit
Partners Noranda Minerals and Rhonda Mining (ASE) have discovered a new sediment-hosted copper deposit on the Epworth property, 120 km south of Coppermine, N.W.T. Exploration over the past three years…
DIAMOND SPECIAL — U.S. exploration targets include Crater of
It is not often that tourists will visit a park, pick up a shovel and pay a small fee for the privilege of digging all day. But that is exactly what happens at the Crater of Diamonds State Park in Ark…
Athabaska in option deal for Ladner Creek mine
Toronto-listed Athabaska Gold Resources (TSE) can acquire the assets of the Ladner Creek gold mine near Hope, B.C. The assets include a 1,500-ton-per-day gold processing mill and a tailings pond. Unde…
SEC moves to counter securities industry fraud
SEC Chairman Arthur Levitt told a congressional panel that the SEC will make the examinations over the next 6-8 months, Knight-Ridder reports. SEC will visit “scores” of securities branch offices duri…
Guiana Shield offers vast mineral wealth potential
Almost half of Venezuela is underlain by a mineral-rich, unglaciated, Precambrian-aged craton known as the Guiana Shield. This geological entity is analogous to the Canadian Shield and, until recently…