Gold price weakens performance of Royal Oak
Royal Oak Mines (RYO-T) reported a first-quarter loss of $8.1 million, compared with earnings of $1.4 million for the same period last year.Gold production for the first three months of the year total…
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Nelson eyes suspended gold mine
In its first venture outside the Commonwealth of Independent States, Nelson Gold (NLG-T) is looking to acquire a majority interest in the suspended Kalana gold mine in Mali, West Africa.Nelson recentl…
Orion drills in Argentina
Drilling is being accelerated at the Agua Rica porphyrycopper-gold-silver-Molybdenum deposit in the northwestern Argentine province of Catamarca.Northern Orion Explorations (NNO-T) reports that three …
First Dynasty buys into Armenian projects
Singapore-based First Dynasty Mines (FDM-T) and New York-based Global Gold have inked a deal that will see the former earn up to a half interest in three advance-staged gold projects in Armenia.First …
Northern Crown steps up work
Northern Crown Mines (NEW-T) has announced encouraging results from the first hole in a program of renewed drilling at the Guadalupe de los Reyes project in Mexico.The hole was drilled east of areas o…
METAL PRICES — Daily Metal Prices (May 26, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 20May 19May 16May 15May 1…
ODDS ‘N’ SODS/A.E. ALPINE — Blue Quartz reverie
Following the Porcupine gold strike in Ontario in 1911-12, prospectors staked claims all along the Destor-Porcupine fault line in the province’s north.Two prospectors working on a narrow quartz vein n…
LETTERS TO THE EDITOR — Reporting of reserves deemed irresponsible
Although the details of the Busang affair will be emerging for a long time to come, recent weeks have seen a flurry of belated checking by writers and analysts, much of which should have been done las…
New estimate boosts resource at Cerro Casale
A new resource calculation has added 2.6 million oz. gold and 1.2 billion lb. copper to the Cerro Casale porphyry copper-gold project, situated in north-Central Chile.The property is held by Arizona S…
Delgratia stung by salting
Another scandal rocked the mining industry this week as Delgratia Mining (DELGF-Q) reported that someone had tampered with samples from its Josh property in Nevada.Situated south of Las Vegas, the 9,0…
Banro resumes work program
Toronto-based junior Banro Resource (BNRS-C) has withstood the political sea-Change in the former Zaire and is now preparing to explore its gold properties purchased during the Mobutu regime.”We’ve so…
ASIAN EXPLORATION — Birch explores in West Kalimantan
Calgary-based Birch Mountain Resources (BMD-A) has received its sixth-generation contract of work for mineral exploration on more than 600,000 ha in West Kalimantan, Indonesia.Singapore-based Indochin…