USMX encouraged by latest Dewey results
Drill results from the Dewey property in Idaho’s Thunder Mountain district continue to impress USMX. The NASDAQ-listed company optioned the property earlier this year and can buy it outright for US$5 …
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Inco eyes Chilean copper projects
Following the recent bid by Lac Minerals (TSE) and Cyprus Minerals (NYSE) for a 51% stake in Chile’s El Abra copper deposit, Inco (TSE) has thrown its hat into the ring. At a meeting in Toronto, Inco …
Orvana drilling at Pederson property
The first four holes of a 15-hole reverse circulation program at the Pederson (formerly San Bernardino) project in Bolivia returned assays in line with surface and underground sampling. Orvana Mineral…
Westmin losses cut to $3.7 million
Limited production has resumed at the Myra Falls base metals mine near Campbell River, B.C. Westmin Resources (TSE) suspended production earlier this year because of a labor dispute which is still ong…
LETTTERS TO THE EDITOR — U.S. mining law reform needs
In a recent article in Time magazine on mine reform legislation in the U.S., the industry south of the border (along with the Canadian contingent of companies) was portrayed in a negative light. The r…
Base metal prices show stability
Reflecting an improved outlook in the general economy, some base metals appear to be entering a stable period. Mine producers, especially the high-cost ones, are seriously setting about reducing outpu…
Survey reveals Canadians want mining in Canada!
A survey suggests Canadians understand problems faced by the Canadian mining industry. The survey, by Decima Research, was commissioned by “Keep Mining in Canada” (KMIC), a group launched in September…
NEWS ROUNDUP — HudBay options Sask. copper bet
The exploration unit of Hudson Bay Mining & Smelting (TSE) has optioned a copper property in northern Saskatchewan from Copperquest (CDN). Previous work at the Knife Lake property outlined a zone of m…
NEWS ROUNDUP — Orex completes financing plan
Montreal-listed Orex Exploration (ME) has completed a financing agreement which will garner it $400,000. The company, based in Rouyn-Noranda, Que., will issue a million common shares and a million flo…
NEWS ROUNDUP — Cross Lake drills massive sulphides
Four holes have been drilled by Cross Lake Minerals (VSE) on its Sheraton-Timmins polymetallic project near Timmins, Ont. The first two were drilled to test a 1,200-metre-long electromagnetic (EM) con…
Glimmer intersects gold on first Hislop stepout hole
Encouraging results are reported from the first 11 holes of a 31-hole delineation program on the Hislop property in northeastern Ontario. Hemlo Gold Mines (TSE), with a 60% interest, is the operator o…
New company gets two Wawa mines
A new exploration company has been created by three Toronto-listed juniors. Muscocho Explorations, McNellen Resources and Flanagan McAdam Resources will transfer their respective interests in the Magi…