News

Possible stratabound gold uncovered in Nova Scotia

A new type of gold occurrence which could have mine-making potential for Nova Scotia has been discovered by a private company Tri-Explorations of Halifax. Mineralization from a strongly carbonitized u…


Lac prospects offer reserve potential

Exploration work in 1992 indicates three projects have the potential for substantial impact upon company gold reserves, Lac Minerals (TSE) reports. At the Red Mountain property in northern British Col…


Geddes releases Windy Craggy overview

A summary report on the Windy Craggy deposit was released by Geddes Resources (TSE) as part of an effort to counter misinformation and the emotionally provocative images used by special interest group…


Cornucopia bids for Minerex

Flush with cash after the sale of a 25% interest in the Ivanhoe property to Newmont last year, Cornucopia Resources (TSE) recently entered an agreement-in-principle with Canada Tungsten Mining (TSE) t…


Galactic files for bankruptcy

Less than a year after completing a restructuring, Galactic Resources (TSE) has filed an assignment in bankruptcy under the laws of Canada. After selling its 50% interest in the Ivanhoe gold property …


LATIN AMERICA — Corner Bay builds Mexican holdings

Through staking and property options, Corner Bay Minerals (TSE) has acquired a 3,474-hectare land position in the Chihuahua state of Mexico, not far from the Texas border. Corner Bay will map and samp…


Thunderwood, Aur in joint venture — New Jones Hill

The Jones Hill volcanogenic massive copper-zinc sulphide deposit north of Albuquerque in north central New Mexico will be explored by Thunderwood Resources (TSE) and Aur Resources (TSE) under a joint …


Ocean drilling withdrawal by Canada sparks furor

Canada’s decision to pull out of a major international ocean drilling effort has put the collaborative program in jeopardy and cut the mining industry off from a valuable source of exploration researc…


Wayside drilling continues

Underground drilling at the Wayside mine near Goldbridge, B.C., is continuing in an effort to test the former producer’s future potential. Joint venture partners Wayside Gold Mines (VSE) and Brigadier…


EDITORIAL PAGE — Capital spending plans

The good news is that governments are paying more attention these days to aging infrastructure, such as roadways and sewage systems. The bad news is that drivers using newly constructed highways may f…


COMMENTARY — Foreign borrowing grows

Our nation’s financial condition — as represented by unsustainable trends of both government and foreign debt — clouds the immediate recovery prospects. And if not corrected, these debts will stunt …


LATIN AMERICA — Bethlehem looks to Venezuela

Dundee International and CMP Resources recently reached an agreement to form a joint venture for the exploration, development and operation of mining projects in Venezuela. In concert with the joint v…


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