Princeton encouraged by Alabama drilling
Drill results from the Alabama target at the Similco mine near Princeton, B.C., confirm the presence of a higher-grade zone below prior shallow drilling. Princeton Mining (TSE) has drilled 5,300 ft. (…
News
New Canamin targets copper-gold
The extent of the Huckleberry copper project, near Kemano, B.C., is gradually coming into focus. As definition and infill drilling continue on the East zone, New Canamin Resources (VSE) is preparing t…
Viceroy posts record production
A 44% increase in gold production from the Castle Mountain mine has enabled Viceroy Resource (TSE) to post earnings of $11.25 million for the year ended March 31. The figure is more than double the $5…
LAST BUT NOT LEAST — Golden News gears up development
Junior Golden News Resources (VSE) has commissioned an Arizona-based firm to engineer and construct the Luz del Cobre copper project in Mexico’s Sonora state. M3 Engineering & Technology of Tucson wil…
LAST BUT NOT LEAST — CMJ starts Prospector’s Page
Beginning this summer, prospectors will have the opportunity to promote their properties on a special “Prospector’s Page” in Canadian Mining Journal (CMJ). The CMJ will publish 120-word descriptions o…
JUNIOR MINING SPECIAL — Holmer options Peru gold property
Continuing to expand its portfolio of Latin American properties, Holmer Gold Mines (ASE) has acquired a 1,500-hectare gold property in southern Peru. The Inca property hosts two gold-bearing breccia z…
Royal Oak boosts earnings
Gold producer Royal Oak Mines (TSE) earned $7.05 million in the first quarter, a whopping 470% increase from the same period last year. The dramatic improvement reflects a 17% increase in the average …
JUNIOR MINING SPECIAL — Agnico develops new zones at
Proving that a Canadian mining company needn’t leave the country to succeed, Agnico-Eagle Mines (TSE) continues to operate mines and explore for metals exclusively in northwestern Quebec and Ontario. …
JUNIOR MINING SPECIAL — Revised Mexican laws find favor with
Changes in foreign investment and mining laws as well as improvement in the tax structure have encouraged foreign companies to invest in Mexico. Late last year, the government of President Salinas de …
JUNIOR MINING SPECIAL — Musselwhite a hotbed of activity
Perched on the southern shore of Opapimiskan Lake in the remote bush of northwestern Ontario is a project that Placer Dome (TSE) believes will be Canada’s next bullion producer. Musselwhite, a joint v…
Cusac brings Table Mountain to life
Ever since the Cassiar asbestos mine closed more than two years ago, this British Columbian town has been a shadow of its former self — until recently, that is when Cusac Industries (TSE) began breat…
Rewards outweigh risks in Ivory Coast, bordering nations
Two recent developments in Africa — the election of Nelson Mandela as the new leader of South Africa and the decision by the government of Ghana to sell a considerable chunk of the Ashanti mine — ar…