News

Permits are in hand for a bulk sample of the Heino-Money zone at the Tillicum Mountain property near Nakusp, B.C. Bethlehem Resources (TSE) and Goldnev Resources (VSE) signed an agreement earlier this…

A placement worth $375,000 is expected from Ressources Kimex (ME), which plans to spend most of the proceeds on work at the Granada property in Rouyn and Beauchastel Twps. in northwestern Quebec. Kime…

Underground drilling and development are under way at the Francoeur gold mine near Rouyn-Noranda, Que., Richmont Mines (TSE) reports. The work is aimed at defining the extension of existing zones and …

Week’s Price (US) Change Gold* $381.35 – $19.30 Silver* $394.79 – $0.50 Platinum* $393.25 – $24.50 Nickel** $392.19 – $0.03 Lead** $390.18 $0.00 Copper $390.88 $0.00 Zinc $390.39 – $0.03 Courtesy of S…

Analysts are blaming the “minimalist” disclosure policy of major companies as one reason why speculative interest in Canadian diamond exploration continues to lose momentum. But others point out that …

The president of Glimmer Resources (VSE), George Kent, and the company have negotiated a $200,000 placement of 172,500 flow-through shares and 77,500 common shares at 80 cents per share. The share pri…

Shortly after acquiring an option on 72 claims in the Crescent Valley area of Nevada, Sentinel Resources (VSE) has vended the property to a third party. Portman Exploration (VSE) can earn a half inter…

A new zone of massive sulphide mineralization has been intersected by Rio Algom (TSE) on Key Anacon Mines’ (TSE) property in the Bathurst camp of New Brunswick. Significant results include: 18.62 metr…

The stage is set for Venezuelan Goldfields (VSE) to acquire a 19.99% interest in the Lihir Island gold deposit in Papua New Guinea. Widely considered to be the world’s largest undeveloped gold resourc…

Toronto-listed Tri Origin Exploration has begun a 2,000-metre program at its gold project 90 km north of Sault Ste. Marie, Ont. Previous trenching and diamond drilling defined a 4-km-long, gold-bearin…

Based on 115 reverse circulation holes drilled in 1992 and 1993, Azco Mining (TSE) estimates its Piedras Verdes deposit near Alamos, Mexico, contains about 87.2 million tonnes grading 0.43% copper. Us…

Having bought a 51% interest from Lac Minerals (TSE), Equinox Resources (TSE) is now sole owner of Nevada’s Rosebud property. The company paid US$5.5 million for the interest, $3 million of which was …