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News
Juniors consolidate Portuguese interests
International Vestor Resources (IVS-V) has arranged with joint-venture partners Redfern Resources (RFR-T) and Cumberland Resources (CBD-T) to increase its interest in the Aljustrel Mining complex in s…
Phelps Dodge and Silver Century continue work at Stoke property — Silver C explores remaining Ontario and Quebec prospects
Operator Phelps Dodge (PD-N) and joint-venture partner Silver Century Explorations (SVC-A) have resumed drilling at their Stoke and Ascot copper properties northeast of Sherbrooke, Que.The current exp…
Vista unwinds hedge to improve cash position
Vista Gold (VGZ-X) has improved its cash flow by unwinding its gold hedge and suspending mining operations at the Hycroft gold mine in Nevada.The company liquidated its hedging position, which had cov…
DIAMOND NEWS ROUNDUP — New discovery in Sweden
Vancouver-based Poplar Resources (PPX-V) has signed an agreement with two prospectors who are reported to have made the first-ever diamond discovery in Sweden.The diamonds were found in a till boulder…
LETTER TO THE EDITOR — World’s governments can’t print gold
The comments made by David Gulley (“An historic juncture for gold,” T.N.M., Jan. 5-11/98) provide useful ammunition for those of us trying to persuade skeptics that gold has not had its day. Quite the…
EDITORIAL — Local residents defend mine proposal — Who CARES? Atlin does
The small community of Atlin, perched in a remote corner of northwestern British Columbia, was established in 1898 during the Klondike gold rush. Gold seekers, on their way to Dawson City, were divert…
DIAMOND NEWS ROUNDUP — Namibian Minerals begins commercial mining
Having completed sea trials and testing late last year, Namibian Minerals (NMR-T) has started commercial mining of diamonds at a concession off the coast of Namibia.The capital cost of the project was…
Westmin expects another reserve boost at Fortuna
Ongoing drilling by Westmin Resources (WMI-T) is expected to boost reserves at the company’s wholly owned Fortuna de Cobre copper project in Chile.Westmin says the latest results indicate that the For…
CORRECTION (January 19, 1998)
A recent drill hole returned 11.33% lead and 7.7% zinc over 6.43 metres at the Esker project in the Northwest Territories, reports Rhonda Mining (rdm-a). Incorrect information appeared in our issue of…
Darnley Bay defining targets
Newly listed Darnley Bay Resources (DBL-V) is continuing to refine drill targets at its namesake project in the Northwest Territories.The program is focused on testing what is thought to be the strong…
Cyprus to farm in at Frieda River project in PNG
Cyprus Amax Minerals (CYM-N) has entered into a Heads of Agreement with Australia’s Highlands Pacific to acquire a 75% interest in the large Frieda River copper-gold project in the mountains of Papua …