U.S. Energy sells stake in compass-maker
NASDAQ-listed U.S. Energy has sold its ownership of the manufacturer of Brunton compasses.Produced in Riverton, Wyo., the compasses are commonly used by geologists in the field.U.S. Energy, which has …
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Partners start exploration programs at property in Northwest Territories
Field activities are set to begin on the NOT #1 diamond property in the Lac de Gras area of the Northwest Territories.The project is a joint venture among Ashton Mining of Canada (TSE), with 50%, Noro…
Conversion of Weights and Measures (March 04, 1996)
1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (short) ton = 2,000 pounds1 (metric) t…
Rayrock buys shares, warrants to make Brazilian investment
Toronto-listed Rayrock Yellowknife Resources has, by way of a private placement, made a $1-million investment in Brazilian Resources (CDN).Rayrock will receive shares, warrants and, subject to shareho…
THE EDITORIAL PAGE — The Obest small town’ in America
Elko, Nev., is known for its western heritage and attracts visitors from around the world to such events as its annual Cowboy Poetry readings.But the small community has another important claim to fam…
THE EDITORIAL PAGE Where opportunities begin
The Vancouver Stock Exchange is right on the money when it claims to have played a role in some of Canada’s most important mineral discoveries. The Hemlo gold deposits of Ontario, the rich Eskay Creek…
Miramar Mining is sizing up Talapoosa gold-silver project
A feasibility study on a proposed open-pit, heap-leach gold-silver mine at the Talapoosa property in Lyon Cty., Nev., is expected to be completed in the second quarter.Project-owner Miramar Mining (TS…
Kookaburra Resources to gain Rosa Maria gold prospect in Peru
By paying US$770,000 over three years, Kookaburra Resources (TSE) can acquire a 2,500-hectare property in southern Peru.The Rosa Maria property hosts several copper-gold porphyry prospects, including …
Jonpol raises exploration funds
A private placement is being planned by Jonpol Explorations (TSE) to fund exploration work in Indonesia, Mexico and the James Bay Lowlands of Ontario.The company plans to sell 2 million units at 55 ce…
Laramide and Gerle receive values from Mexican gold-silver property
Drilling on the Pragedia property in the Mexican state of Sonora has returned gold and silver values for partners Gerle Gold (VSE) and Laramide Resources (VSE).The companies, which hold 32% and 50% in…
Globex to buy stake in Tonkin Springs
Globex Mining Enterprises (TSE) has entered into an agreement that could see the company acquire a controlling interest in Gold Capital Corp., which operates and owns a 60% interest in the Tonkin Spri…
Lower copper prices will affect Asarco
The belief that copper prices will continue their downward slide leads New York-based investment firm J.P. Morgan to predict sharply lower earnings for Asarco (NYSE).Morgan revised its forecast for co…