Jerooy project shelved due to costs
The viability of the Jerooy gold project in the former Soviet republic of Kyrghyzstan is in question.MK Gold (NASDAQ) has decided the economics of the project will have to improve before it can procee…
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Drilling tests Queen of the Hills
Drills have begun turning on the Queen of the Hills gold mine property near Salmon, Idaho.Falcon Ventures (VSE) will drill 10 holes in a 5,000-ft. reverse-circulation program. The objective will be to…
Exall to buy stake in Hislop-Beatty
Exall Resources (TSE) has agreed to pay Hemlo Gold Mines (TSE) $3.1 million for its 60% controlling interest in the Hislop-Beatty gold property east of Timmins, Ont.Along with the cash payment, Hemlo …