News

Reverse circulation drilling is under way on Lo Increible, a gold property in Venezuela. Initial results are expected in mid-February. El Callao Mining (VSE), which holds an option on a large portion …

Junior Cliff Resources (TSE) has an option to acquire Princeton Mining’s (TSE) half interest in the share capital of Teranov Mining, a Princeton subsidiary. Teranov operates a wet mill at Baie Verte, …

The 1993 drilling program at the Butte Highlands gold prospect in Montana is complete and results indicate the presence of a consistent zone of gold mineralization. Orvana Minerals (TSE) is testing th…

Prospecting on its Lac Savard property in northwestern Quebec, Globex Mining Enterprises (TSE) has discovered two new gold zones. In the first zone, values up to 0.62 oz. gold and 6.36 oz. silver per …

Project partners Aurizon Mines (TSE) and Cambior (TSE) plan to delineate additional reserves at the Sleeping Giant gold mine north of Amos, Que. The drilling will focus primarily on the 20 and 30 zone…

A second drill program has begun on the Massicotte gold property, 75 miles north of La Sarre, Que. Cyprus Canada is earning a 60% interest from Radisson Mining Resources (ME) by spending $250,000 on e…

An 85-ft. intersection grading 0.10 oz. gold per ton is reported from the Guadalupe property in western Mexico. It is the first hole reported in a 13-hole reverse circulation program on the property, …

The fallout continues from the restructuring of Germany’s giant resource conglomerate Metallgesellschaft (MG). Rumors circulated this week that MG plans to sell its 50.1% interest in Canadian subsidia…

Brunswick Mining and Smelting (TSE) has laid off 32 hourly rated employees and 26 staff members at its base metals mine in Bathurst, N.B. Forty-six employees had already left the company voluntarily. …

First, my old car of 11 years had to have an oil change, a new oil filter and gas fuel line. Then a train schedule had to be consulted to plan departure dates. Maps, mainly geological, had to be readi…

Pending completion of the required financing, Rea Gold (TSE) plans to proceed with the development of the Mount Hamilton gold project in eastern Nevada. In completing a due diligence review, Rea has c…

With various mining assets, cash in the bank and two new projects coming on stream this year, Teck (TSE) appears well positioned to reap the benefits of projected improvements in the gold and base met…