Nebex puts Albanian project on hold
The civil unrest that has enveloped Albania in recent weeks is taking its toll on foreign firms with investments there, including Nebex Resources (NBX-T), which has put all its operations on hold.The …
News
METAL PRICES — Daily Metal Prices (April 07, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 1Mar. 31Mar. 28Mar. 27Ma…
LATIN AMERICA — Piedras Verdes gets confidence boost
Favorable results from exploration in 1996 have prompted partners Azco Mining (AZC-T) and Phelps Dodge (PD-N) to initiate a US$4.8-million program at the Piedras Verdes copper project in Sonora state,…
DIAMOND PAGE — Messina collecting bulk samples from prospect in Lesotho
Junior Messina Diamond (MSC.U-T) has received encouraging results from the first phase of exploration at its Liqhobong project in the south African country of Lesotho.The project consists of two kimbe…
LATIN AMERICA — Bahuerachi drilling intersects copper in Mexico
Diamond drilling on the Bahuerachi copper oxide property in Mexico has yielded favorable results for equal partners Golden Rule Resources (GNU-T) and Tyler Resources (TYS-T).Situated in southwestern C…
LETTER TO THE EDITOR — Protecting investors should be the top priority
For most investors, the world of junior mining companies is akin to the Twilight Zone, where it becomes virtually impossible to differentiate between reality and fiction. In the past year alone, we’ve…
LATIN AMERICA — Boliden, Silver Eagle ink exploration deal — Swedish giant eyes Minera Serrana project in Mexico
Boliden, the mines and metals business sector of Trelleborg of Sweden, has signed an agreement with Silver Eagle Resources (SER-V) to explore the junior’s Minera Serrana project and fund a Mexican exp…
LETTER TO THE EDITOR — Cyanide leaching a good idea on Bre-X’s part
As a commercial assayer, I am horrified at the panic created by the confusion over the assay results of Bre-X Minerals. The collapse of the company is an awesome example of what can happen when that l…
LATIN AMERICA — Essex revs up drills in eastern Bolivia
With $15 million in its treasury, Essex Resource (ESX-V) is about to start a field program aimed at delineating near-surface oxide gold deposits at the Miquela and Porvenir concessions in eastern Boli…
ODDS ‘N’ SODS — A frosty mine camp
As a result of a lunch meeting I had in 1951 with a man from New York, I was hired on as a mine foreman at an operation near Keno in the Yukon.Our crew consisted of a number of capable graduates from …
LATIN AMERICA — Guyanor and Asarco start drill program in Guyana
Partners Guyanor Ressources (GRL.B-T) and Asarco (AR-N) have begun core drilling at the Dieu-Merci property in northern Guyana.The companies, which have signed a 4-year option deal to earn a full inte…
LATIN AMERICA — Francisco funds exploration at El Sauzal in Mexico
Vancouver-based Francisco Gold (FGX-V) will use the proceeds from a $29.5-million “bought-deal” financing to accelerate exploration activities in northern Mexico.The company plans to start a third pha…