Prospectors assistance available in B.C.
The British Columbia government is offering up to $10,000 for qualified prospectors to explore for deposits on or off existing claims in the province. Prospectors are given half of their approved fund…
News
LATIN AMERICAN SPECIAL — Cuban economy needs major shot in
It is oft-forgotten that Cuba’s economy did not enter the current crisis in good trim. Between 1986 and 1990, Cuba’s gross social product (GSP) declined by an average of 0.2% per annum, while populati…
LATIN AMERICAN SPECIAL — Production, exploration advance in
Central America continues to attract Canadian mining companies with offers of comparatively relaxed regulation and taxation, along with above-average geological potential. Countries such as Panama, Ni…
LATIN AMERICAN SPECIAL — Mexico a world supplier of silver
Silver in Mexico, since pre-Hispanic times, has been considered a precious metal. The quality and abundance of Mexican silver has brought many a fortune to ambitious souls and has supported Mexico thr…
LATIN AMERICAN SPECIAL — Private investment in developing
Recent years have seen a major and continuing transition from state control of production facilities to private ownership. This trend has been visible in both industrial and, especially, developing co…
USMX acquires Boludo ground
Having acquired the central portion of the historic Boludo Goldfields district in Sonora state, USMX (NASDAQ) now controls 17,500 acres in one of the principal placer areas of Mexico. Historic gold pr…
LATIN AMERICAN SPECIAL — Islands attract outside explorers
A trio of Caribbean island nations has attracted the attention of several Canadian mining companies. Two of the countries, Cuba and Jamaica, are grassroots exploration plays. The third, the Dominican …
Pan American, Equinox to swap
A proposed asset swap will give Pan American Minerals (TSE) a 60% interest in the Van Stone zinc-lead mine in Washington state, and Equinox Resources a 100% interest in the J&L gold property in Britis…
Canmine hits sulphide zone at Fer
A new zone of copper-zinc sulphide mineralization has been located on Canmine Resources’ (CDN) Fer property in northern Manitoba. The first hole into this zone returned a true width of 3.65 metres gra…
Reserves updated at Beta Vargas play
As part of a prefeasibility study, Lyon Lake Mines (ME) has recalculated reserves at the Beta Vargas property in Costa Rica. Three styles of mineralization have been outlined within a 450×150-metre ar…
Dayton gets bank loan for Chilean play
An underwriting commitment from Barclays Bank and Banque Paribas will help Dayton Mining (TSE) bring its Chilean gold project to production. The two banks agreed to lend the company US$50 million, sub…
LATIN AMERICAN SPECIAL — Mining potential of Ecuador tested
Active in Ecuador since 1985, Ag Armeno Mines & Resources (VSE) is one of several companies keen on the country’s mining potential. Vancouver-based Armeno has interests in a number of projects, includ…