News


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…


Kilometre 88 a teaser for juniors

Several years ago, Venezuela’s Kilometre 88 district was the place to be for junior companies hoping to discover a premier gold deposit. To date, however, new finds of the size and importance of Place…


EDITORIAL PAGE — Diamond hunt goes national

The feverish quest to find a diamond mine in Canada has spread from the Northwest Territories to cover much of the country, including northern Ontario. The diamond rush began in the Territories, north…



Crystallex’s Albino enters production

Vancouver-based Crystallex International (VSE) reported the commencement this month of gold production at its Albino open-pit mine in Venezuela. Albino is Crystallex’s first producing property. Output…


Wiens addresses London symposium

Continued support for the uranium industry depends on the public’s belief that the sector is committed to strict environmental protection standards, Saskatchewan’s environment minister said recently i…


Exploration and studies continue at Las Cristinas

Despite the recent disappointing results from Vengold’s (TSE) Oro Uno property in eastern Venezuela, Placer Dome (TSE) remains confident about the region and quietly continues work on its Las Cristina…


Success of Omai mine bodes well for Cambior

Montreal-based Cambior (TSE) has been the driving force behind getting the Omai gold mine in Guyana on stream. Omai, owned 65% by Cambior, 30% by Denver-based Golden Star Resources (TSE) and 5% by the…


Ivan mine operating in Chile

Toronto-based Minera Rayrock (TSE) is the latest Canadian company to produce copper in Chile. The Ivan mine, 40 km northeast of Antofagasta, is operating at about 50% capacity and is expected to reach…


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