News

Alberta-listed Monk Gold & Resources has acquired from DSE Resources a 27% interest in a placer gold operation in Western Argentina. Monk will acquire its stake in the Cerro Mayal project for $3.2 mil…

A second phase of drilling is planned for the Hand-Me-Down property in Nevada’s Crescent Valley. Gold Giant Minerals (VSE) and Pan-Global Enterprises (VSE) are earning a 49% interest from Hemlo Gold M…

Black Hill Minerals has bought a half interest in Teranov Mining and can buy the other half from owner Princeton Mining (TSE) on or before Dec. 1, 1994. In return for the initial half interest, Black …

Drilling has resumed at Deak Resource’s (TSE) Kerr mine property in Virginiatown, east of Kirkland Lake, Ont. Two underground drills are on site and a third, surface, drill will be added shortly. Proj…

Exploration in Canada is both a strange and exciting business. Proof of this statement can be seen from the results of a program released by Sudbury Contact Mines (TSE) on property north of Kirkland L…

Junior Geomaque Explorations (CDN) has received a positive feasibility study on its San Francisco heap-leach gold project in northwestern Mexico. The study, based on more than 98,000 ft. of drilling, …

Encouraging results are reported from the Beaufor project, 16 miles northeast of Val d’Or, Que. Aurizon Mines (TSE) and Louvem Mines (TSE) say a 3,650-ton bulk sample has yielded 810 oz. gold, with a …

In Arizona, BHP Minerals International Exploration has optioned 13 state mining leases and four federal claims from MVP Capital (TSE) and Excellon Resources (VSE). The property, in the Robber’s Roost …

Proceeds from the sale of shares in Noranda Forest will be used to fund opportunities mainly in its mining and metals group, Noranda (TSE) reports. A group of Canadian underwriters will buy 12 million…

Continuing operating problems have pushed Amax Gold (NYSE) further into the red. With third-quarter losses of US$7.4 million, the total loss for the first nine months of the year stands at US$75.9 mil…

Nova Scotia’s mining industry has suffered a series of debilitating blows in the past few years. In terms of human tragedy, the absolute bottom came with the explosion at the Westray coal mine which k…

Auger sampling has begun at the Guarimba property in the Kilometre 88 region of southeastern Venezuela. By paying US$3 million cash, Canarc Resources (VSE) can buy the Venezuelan company which owns th…