News

Vancouver — J-Pacific Gold (JPN-V) has retained Roscoe Postle Associates to develop an exploration plan for the Blackdome mine property, 70 km west of Clinton in south-central British Columbia.

Saskatoon-based Shore Gold (SGF-V) plans to spin off its gold assets into a wholly owned subsidiary.

The TSX Venture Exchange fell just shy of 100 points during the May 5-11 trading period to close at 1558.69, representing the fifth-consecutive drop. The junior mining sector fared no better, with a whopping 71 Venture Exchange-listed companies re…

Vancouver — Higher metal prices and lower production costs helped Hecla Mining (HL-N) nearly double its first-quarter gross profit to US$13.4 million, compared with US$7 million a year earlier.

With the May 5-11 report period dominated by headlines heralding impending interest rate hikes, China’s decision to try to slow its sizzling economy, and soaring oil prices, one could hardly fault investors for bolting for the doors. And bolt they…

Vancouver — A first phase of drilling by Amera Resources (AMS-V) has expanded the potential of a copper-gold porphyry system at the Mogote project in Argentina’s San Juan province.

At its Tanjianshan gold project in west-central China, Afcan Mining (AFK-T) will spend US$3.5 million on exploration aimed at upgrading inferred resources to the indicated category.

Patricia Mining (PAT-V) has hit high-grade gold at depth on the Island project, 125 km southeast of Hemlo, Ont.

Drilling by Western Silver (WTC-T) has returned a wide swath of high-grade gold mineralization at the Peasco zone on the Peasquito property in Mexico’s Zacatecas state.

Drilling at the Luxi gold project in southern China is expected to begin shortly, now that a drill has been imported from Canada.