Drills turn at Slaven Canyon
Operator Uranerz Exploration & Mining has started a 3,000-ft. program of reverse-circulation drilling on its Slaven Canyon South property in Nevada’s Battle Mountain-Eureka gold trend.The property bel…
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Holmer expands Loma Hierro
As one of the first Canadian mining companies to take on projects in Cuba, Holmer Gold Mines (ASE) intends to continue concentrating its efforts in the Carribbean nation, despite the disapproval of so…
LABRADOR NEWS ROUNDUP — Anomaly found at Kingurutik
An airborne geophysical survey over the Kingurutik Lake property in the Voisey Bay area of Labrador is providing encouragement to partners NDT Ventures (VSE) and Lucero Resources (VSE).The property wa…
Louvicourt wins rescue competition
The Louvicourt mine near Val d’Or, Que., took top spot in Quebec’s provincial mine rescue competition in early June.The annual event is sponsored by the Quebec government’s Health and Safety Commissio…
Silver prospects attract interest — Metallica explores Mexican play
Metallica Resources (CDN) has defined two new precious metal occurrences at the Cerro San Pedro property in San Luis Potosi, Mexico.The discovery follows the first 2,500 metres of a planned 10,000-met…
Development plan in works for Cieneguita joint venture
An operating and production plan is in place for the Cieneguita gold deposit in Mexico’s Chihuahua state.Glamis Gold (TSE) acquired a 60% interest in the heap-leach project from Aquiline Resources (VS…
Canabrava explores diamond targets in Brazil
An aggressive exploration program, initiated one year ago by Canabrava Diamonds (VSE), has identified 120 kimberlite-lamproite pipe-vent complexes at its namesake project in Brazil’s Minas Gerais stat…
Northern Orion tops up treasury
A special warrant financing will raise $40 million for Northern Orion Explorations (VSE).Investment dealers Gordon Capital, Deutsche Bank Securities, Yorkton Securities and Bunting Warburg have agreed…
Drilling planned for Atna ground
Drilling will begin in early August on the Foot, Pak and Toe claims in the Yukon.Westmin Resources (TSE) will spend a minimum of $650,000 on the property this year under a four-year, $3-million option…
STOCK MARKETS — Interest rate cut spurs TSE to record highs
A drop in interest rates ignited the Toronto Stock Exchange 300 composite index, which proceeded to blast through three successive record highs during the 5-day report period ended July 11. The compos…
Mixed results at Golden Bear
Drilling at the Golden Bear mine property in northwestern British Columbia is returning mixed results for Wheaton River Minerals (TSE).The company is drill-testing two zones, Ursa and Grizzly, in an e…
American Bullion finds new zone at Red Chris property
Drilling on the Red Chris property in northwestern British Columbia is firming up a new zone of mineralization for American Bullion Minerals (VSE).The company has drilled eight widely spaced holes on …