USMX hits gold in Mexican play
Drilling at the Noche Buena project in northern Mexico is confirming the existence of a large, disseminated gold system for USMX (NASDAQ). Exposed gold has been identified as a result of surface and s…
News
Keevil tightens grip on Teck
An agreement with Metall Mining (TSE) provides Norman Keevil and his family with a strategy to prevent voting shares of Teck (TSE), of which he is president, from being acquired by any unfriendly shar…
NEWS ROUNDUP — Reserves double at Beaufor project
Toronto-listed partners Aurizon Mines and Louvem Mines have almost doubled the diluted geological reserves at their Beaufor project near Val d’Or, Que. The figure has increased to 626,700 tonnes avera…
Royal Minerals lands Montanore
In a share swap, Utah-based Royal Minerals (NASDAQ) plans to acquire the outstanding shares of privately owned Montana Reserves. Existing shareholders of Royal Minerals will end up owning about 18% of…
LAST BUT NOT LEAST — Oracle Ridge running smoothly
Five months after operations resumed, the Oracle Ridge copper mine in southwestern Arizona is reported to be running smoothly. Seventy-per-cent owner Southern Copper (VSE) placed the underground mine …
LAST BUT NOT LEAST — Sutton updates Marudi reserve
Based on work to date, the Marudi Mountain property in southern Guyana has a drill-indicated and possible resource of about 9.6 million tons grading 0.07 oz. gold. Sutton Resources (VSE) says most of …
ANNUAL OUTPUT UP TO 308,000 OZ. — Canyon seeking permits
Permit applications will be submitted early this year for an open-pit, heap-leaching operation at the McDonald gold property in the northwestern corner of Montana. This decision is based on a positive…
Athena grants Pegasus extension
Partners Athena Gold (VSE) and Pegasus Gold (TSE) have agreed to a 45-day extension to negotiate the future of their Talapoosa joint venture in northwestern Nevada. Pegasus can earn up to a 70% intere…
Kolmanskop site of first Namibian diamond find
Today Kolmanskop is a dusty, windswept ghost town on Namibia’s southern coast, but 85 years ago it was the scene of one of Africa’s largest diamond rushes. In 1908, Zacharias Lewala, an ex-laborer fro…
Prime Equities options Johnson River play
Murray Pezim’s flagship, Prime Equities International (VSE), is proposing to spend at least $4 million this year to prove up a gold-rich polymetallic deposit in the Cook Inlet region of southern Alask…
Northern Crown says drilling on Zapote zone confirms
Drilling on the Guadalupe gold property in western Mexico is confirming the potential of the Zapote zone. Northern Crown Mines’ (VSE) recent work has been confined to sections 4950N and 4900N and is e…
Arimetco improves reserve estimate at Masaba property
A thorough analysis of drill core from the Mesaba copper-nickel orebody in Minnesota indicates a considerable improvement in reserves. Owner Arimetco International (TSE) and a team of state engineers …