Charlim options Wrightbar prospect
An option agreement allows Charlim Explorations (VSE) to earn a half interest in Wrightbar Mines’ (ME) gold property in northwestern Quebec. Charlim must spend $500,000 during each of the next four ye…
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Granduc reviews mill expansion
Granduc Mines and Cazador Explorations have merged to form Granduc Mining (TSE) and the new entity is looking to expand its Keystone gold project in Manitoba. Granduc is earning a 50% interest in the …
Placer and Minera Rayrock copper projects part of $5-billion
About $5 billion will be invested in Chile’s copper mining industry over the next three years, according to a survey by the Centre of Copper and Mining Studies (Cesco) in Santiago. Between 10 and 15 n…
Roca Roja operating Mexican heap-leach property
The wholly-owned Mexican subsidiary of Walhalla Mining of Australia officially opened, in mid-November, its Amelia heap-leach gold mine in the hills of northern Sonora state. Minera Roca Roja was plan…
Snip mine boosts Prime earnings
Prime Resources Group’s (TSE) share of gold production from the Snip mine increased 7% over the first nine months of the year, compared with the same period in 1992. Prime has a 40% interest in the un…
Wheaton River private placement
Wheaton River Minerals (TSE) has issued a $5.5-million private placement of 1.5 million special warrants at $3.65 each. Each warrant entitles the holder to acquire one unit consisting of one share and…
Loki Gold drilling uncovers new zone
A hole drilled by Loki Gold (VSE) has returned 0.103 oz. gold per ton over 72.2 ft. and identified a near-surface zone of mineralization on the Brewery Creek project near Dawson, Y.T. The hole, drille…
Gold expert predicts fundamentally strong, volatile market
Until late last year, gold was even less popular as a speculative trading commodity than pork bellies, live hogs or even lumber. “The price was going nowhere,” says author and gold market expert Timot…
NEWS ROUNDUP — Aurizon increases gold production
Aurizon Mines (TSE) has increased output from its Sleeping Giant gold mine in northwestern Quebec. Initial mill throughput was increased to 742 from 317 tons per day. The source of the increase was or…
NEWS ROUNDUP — Caribgold plans warrant issue
Junior Caribgold Resources (CDN) will issue two million special warrants through a syndicate of underwriters including Gordon Capital, Yorkton Securities and Nesbitt Thompson. The price will be $4 per…
NEWS ROUNDUP — Metall drilling Ben Nevis play
Toronto-listed Metall Mining has started drilling on Mountain Lake Resources’ (VSE) base metal property near Kirkland Lake, Ont. Metall will drill at least four holes to test several bedrock electroma…
NEWS ROUNDUP — Brunswick to reduce staff
To eliminate 112 jobs by year end, the mining division of Brunswick Mining and Smelting (TSE) has introduced a “voluntary employee reduction program.” The 3-part program, which will last for six weeks…