New ore lens found at Copper Rand
Definition drilling on three new mineralized lenses at the Copper Rand mine in Chibougamau, Que., has led to the discovery of a fourth. Property-owner MSV Resources (ME) reports that significant inter…
News
NEWS ROUNDUP — Campbell to issue special warrants
Toronto-listed Campbell Resources is planning to sell $10-15 million in special warrants which can be swapped for common shares at 88 cents each. Proceeds from the financing will be used to develop re…
NEWS ROUNDUP — Labyrinth looks to Venezuela
Having agreed to acquire a majority interest in a gold property in the Guyana district of Venezuela, Bema Gold (TSE) plans to transfer the property to its 76%-owned subsidiary, Labyrinth Resource (VSE…
A half-million dollars here, another there…Cazador pursues
An additional private placement totaling $500,000 has increased Cazador Explorations’ (VSE) flexibility in putting the Keystone gold project, near Lynn Lake, Man., into production. Granduc Mines (TSE)…
Adding to properties down Mexico way Manhattan options five
Manhattan Minerals (VSE) intends to add to its fold of Mexican properties by acquiring an option to buy five concessions covering a large copper-gold-silver skarn zone in central Sinaloa state. Manhat…
NEWS ROUNDUP — Yorbeau completes private placement
Montreal-based junior Yorbeau Resources (TSE) has raised $750,000 by way of a private placement with five investors. The placement consists of 1.9 million class A shares at 40 cents each and 937,500 w…
ODDS’N’SODS — Eleven words of wisdom
Mines do not spring forth from Mother Nature’s womb fully foaled. These immortal words of wisdom were expressed by the late Dr. James Parker Nowlan during his acceptance speech as incoming president o…
Government criticized at meeting
Plenty of good advice and more than a little criticism surfaced at the fifth Minerals North Conference in Fort St. James in British Columbia. For example, Thomas Waterland, former president of the pro…
Musto boosts reserves
VSE-listed International Musto Explorations has updated preliminary reserve estimates for the Bajo de la Alumbrera copper-gold deposit in eastern Argentina. The new results incorporate a recent deline…
COMMENTARY — Taking care of the environment: A step-by-step
The New World project of Crown Butte Resources in Montana, where underground geological reserves are estimated at eight million tons averaging 0.21 oz. gold per ton, is scheduled to enter production i…
EDITORIAL PAGE — Hedge your bets
Recently, a stock broker in Manitoba phoned our offices requesting information on the diamond stocks that are currently so hot. He admitted he wasn’t well-versed in speculative stocks; in fact, he del…
ODDS’N’SODS — A belated public thank-you
It was time for Gerry Lecompte to return to Val d’Or, Que., and his wallet was nowhere to be found. In order to get home, he borrowed some cash from fellow miners and a credit card from project manage…