News

Noranda/BP Nfld project shows significant values

Eight holes drilled since the middle of July at the Tally Pond- Duck Pond polymetallic project in central Newfoundland have intersected significant values, joint venture partners Noranda Inc. (TSE) an…


Hemlo Gold reports drop in earnings

Second-quarter earnings of $10.6 million (12 cents per share) on revenue of $44.5 million were recorded by Hemlo Gold Mines (TSE), compared with $12.2 million (14 cents per share) on revenue of $47.2…







Ex-directors of Seabright sued

The Australian mining company which earlier this year took over east-coast gold producer Seabright Resources is suing the former directors of the Canadian company for $60 million(C). Western Mining, t…


Sulphurets has potential to rial anything in B.C.

Exploration and mine development in northern British Columbia is risky business — even when you know what you’re doing. So joint venture partners Newhawk Gold Mines (TSE) and Granduc Mines (TSE) have…


Timmins Report ERG set to produce gold from tailings

It’s full-speed-ahead for the $75-million tailings recovery project of ERG Resources Inc. (TSE), says the project’s Timmins-area manager. Chris Harvey says ERG has reached an agreement with Giant Reso…


Placer mining is still important

The oldest means of mining gold is placer mining, recovering the gold particles — some of which can be spectacularly rich — along river beds by panning or washing. Placer mining accounts for a small…



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