News

Vancouver — A letter agreement sets the stage for Century Mining (CMM-V) to acquire the historic Sigma-Lamaque gold mine complex in the Val d’Or camp of northwestern Quebec.

Results continue to expand the resource at the Essakan gold property in Burkina Faso, West Africa. Orezone Resources (OZN-T) is the operator, while Gold Fields (GFI-N) is earning a half-interest in the 1,450-s…

Vancouver — A 1,200-metre drill program is testing the Quitovac gold project in Mexico’s Sonora state. The project is held jointly by CastleRock Resources (CRI-V) and Copper Ridge Explorations (KRX-V).

Reverse-circulation drilling has cut some high-grade intersections beneath the Piment Central deposit on Defiance Mining‘s (DM-T) Tasiast gold project in Mauritania.

The first full financial year for London-listed Highland Gold (HGM-L) ended profitably, with the gold-producer posting a US$18-million profit on revenue of US$71.5 million.

Vancouver — Higher prices for gold and copper resulted in a profitable first quarter for Northgate Exploration (NGX-T).

The first hole drilled by OntZinc (OTZ-V) on the Northeast Fowler trend in upstate New York has cut a 2.8-metre interval averaging 19.5% zinc and 6.2% lead beginning at a depth of 412 metres.

Lower gold grades and a stronger Canadian dollar caused Richmont Mines (RIC-T) to lose $1.1 million in the first quarter.