A recent exploration program has identified a new gold zone and new geochemical anomalies which partners Hemlo Gold (TSE) and Loki Gold (VSE) believe could increase the reserve potential of the Brewer…
A borehole designed to test the Wanapitei anomaly northeast of Sudbury, Ont., has reached its target depth of 1,500 metres without hitting any economic mineralization, says Paul Severin, manager of ex…
Cigar Lake Mining says it has successfully completed the first test mining of the Cigar Lake uranium deposit in Saskatchewan. Using a remote-controlled boring machine, the company mined the orebody fr…
A 300-ft. ramp being driven into the B zone on Monk Gold and Resources’ (ASE) property near Wawa, Ont., has hit a wider-than-expected vertical shear grading up to 0.28 oz. gold per ton. Quartz veins c…
The Geological Survey of Greenland (GGU) has released three open file reports, including gold and base metal potential of the Ingia area in central west Greenland. The report presents an evaluation of…
Equip-ment financing for the Refugio gold project owned 50% by Bema Gold (TSE) has been arranged through Caterpillar America and its Chilean distributor. Caterpillar will supply up to US$24.6 million …
A second rutile (titanium) property in northern Chile has been acquired by Adonos Resources (VSE). The company said surface investigations of the wholly owned La Rosada property indicate the potential…
Australian financier Chrisilios Kyriakou, who was ousted three years ago from the board of Pamour Inc., is making a comeback in the gold mining business. Kyriakou’s private firm Walhalla Mining is pla…
Goldhunter Explorations jumped to the top of the most active list as the company announced an option on ground next to the recent base metal discovery of Fort Knox Gold Resources. Trading 615,500 shar…
A pair of drill rigs has been stationed at the Scott Lake base metal property in the Chibougamau, Que., area where project partners Thunderwood Resources (TSE), the operator, and Greenstone Resources …
A loss of $22.1 million is reported by Cominco (TSE) for its third quarter ended Sept. 30, which brings the company’s loss for the first nine months of this year to a total of $25 million. This compar…
Petromet Resources (TSE) has signed a letter of intent to sell a 50% interest in the Rambler base metal property at Baie Verte, Nfld., to Newfoundland Exploration (Newexco) in exchange for common shar…
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