Geomaque reports loss
Although production at its San Francisco gold mine was up by more than a third, Geomaque Exploration (GEO-T) was unable to turn a profit in the latest third quarter.The mine, in Mexico’s Sonora state,…
News
EXPLORATION – Tri Origin homes in on Cobar camp
A 1,650-sq.-km land package in Australia’s Cobar mining camp is providing a new exploration focus for Tri Origin Exploration (TOE-T). The newly optioned holdings are also a natural fit with the compan…
Newfoundland to amend Mineral Act
In a move clearly aimed at heading off any challenges by Voisey’s Bay developer Inco (N-T), the government of Newfoundland has tabled a bill to amend the province’s Mineral Act.The bill, introduced in…
EXPLORATION — Corona explores deposit near Hemlo
Corona Gold (CRQ-T) has begun exploring the Sugar zone gold property, 60 km east of Hemlo, Ont.The Toronto-based company is optioning the 11,680-acre property from Harte Resources (HTRC-C) and will ca…
Minera Andes finds more gold in Patagonia
Exploration at the El Pluma/Cerro Saavedra property in southern Argentina has resulted in the discovery of another significant gold-silver zone for Minera Andes (MAI-A).Reconnaissance sampling has loc…
EXPLORATION – Canabrava, Paramount continue diamond search
The downturn in resource markets has prompted Teck (TEK-T) to withdraw from its diamond joint venture with Canabrava Diamond (CNB-V).Having regained 100% of the Brazilian project, Canabrava is reviewi…
Viceroy reports results from Gualcamay
A first pass of drilling by Viceroy Resource (VOY-T) on the Gualcamayo project in western Argentina has yielded results generally lower in grade than than those previously reported from surface sampli…
MINING MARKET & INVESTMENT NEWS – QUERY — Pegasus shareholders unlikely to get new shares
I would like to submit the following information on Pegasus Gold: The annual report, May 1998, indicated that Alleghany Corp. held 3 million shares. In September 1998, my broker contacted the legal co…
Donner keeps faith at South Voisey’s Bay
Junior Donner Minerals (DML-V) is encouraged by results from an ongoing drill program at its South Voisey’s Bay project in Labrador.Since May, Donner has completed 37 holes and deepened five others, r…
Rayrock proposes merger with Glamis
A proposed merger with Glamis Gold (GLG-T) has enabled Rayrock Resources (RAY-T) to fend off a potential liquidation.Rayrock was prepared to meet its destiny on Nov. 20, when shareholders were expecte…
EXPLORATION — Pogo adds fuel to Alaskan exploration boom
Alaska is enjoying an unheralded exploration boom, partly fueled by the discovery of the high-grade Pogo gold deposit, which has captured the imagination of both juniors and seniors alike. Since the b…
EXPLORATION – Oxus to review Amantaytau gold project
London-based Oxus Resources has been invited by the Uzbekistani government to submit a definitive proposal to develop the Amantaytau and Daugyztau gold deposits in Uzbekistan. The deposits lie 400 km …