News

Visible diamonds found in Aber Resources drill core

Within the next 3-4 weeks, Aber Resources (TSE) expects to receive results from an 800-kg kimberlite intersection from the first hole drilled on the A-154 anomaly near Lac de Gras, N.W.T. The results …


Dayton plans Andacollo start

Toronto-listed Dayton Mining has announced a $34-million equity financing, which will be used in conjunction with a US$50-million bank underwriting, to develop a heap-leach mine in central Chile. Cons…


MSV redesignates Class A shares

Montreal-based MSV Resources (TSE) has redesignated its A shares into common shares, effective June 20. The copper-gold producer, which has never issued shares other than the A variety and which also …


MINING IN CHILE — Quebrada Blanca ready to produce

An open-pit copper mine starting up in Chile’s Atacama Desert is about to become the world’s largest solvent extraction-electrowinning operation. Once full production is achieved, Quebrada Blanca is t…


MINING IN CHILE — Arizona Star tests new zone

The discovery of a new gold zone has sharpened the focus of Arizona Star’s (VSE) activities in Chile’s Maricunga district. The company plans further work for the Eva zone, discovered as a result of a …



LAST BUT NOT LEAST — Fenton reserves double

Reserves have doubled at the Fenton gold property in the Chibougamau-Chapais area of Quebec. Cache Exploration (ME) says test results indicate a preliminary estimate of 302,976 tons grading 4.24 grams…


Agnico to spend $65 million

During the next four years, Agnico-Eagle Mines (TSE) will spend close to $65 million on development at its LaRonde mine in northwestern Quebec. At the annual meeting, shareholders were told the money …


Gibraltar heading south

While Gibraltar Mines (TSE) continues to explore prospects near its copper mine in south-central British Columbia, the company has expanded its search much farther south, in Chile. Earlier this year, …


Cambior declines 5% option on Omai

Denver-based Golden Star Resources (TSE) will retain its 30% interest in the Omai gold mine in Guyana. The company says that, at its request, Omai partner Cambior (TSE) has elected not to exercise its…




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