News


NEWS ROUNDUP — Kennecott expands Trendline

The Trendline gold property in Nevada has been expanded by 1,300 acres, raising the total acreage to 3,200. Kennecott can earn a 65% interest in the property from Cathedral Gold (TSE) by spending at l…


NEWS ROUNDUP — Aquiline options ground to Noranda

Mining giant Noranda (TSE) is demonstrating interest in three Mexican copper properties belonging to Aquiline Resources (VSE). The properties — La Reyna, La Vista and La Joya — are all in the southw…


Thumbs down on Ashdown

High royalty and net profit payments on the Ashdown gold property in Humboldt Cty., Nev., have led International Mahogany (TSE) to conclude the property is uneconomic. Subsequently, Mahogany has termi…


New coal project for Springhill

An open-pit coal mining operation is planned for the Springhill area of Nova Scotia. Springhill Coal has drawn up plans to extract about 2.2 million tonnes during a 12-year period from 14 sites in the…


Galleon options Chilean project

An option agreement with a private company will allow Pacific Galleon Mining (VSE) to acquire the Raq-Apolo project in Chile. Galleon made the deal, under which it is committed to expenditures until t…


CaribGold accelerates Cuban exploration program

Positive results from initial area examinations have prompted Caribgold Resources (TSE) to intensify its gold exploration efforts in Cuba. In the Laura sector of the Camaguey property, diamond drillin…


Craibbe-Fletcher vote favors Placer

Minority shareholders of Craibbe-Fletcher Gold Mines (CDN) have voted 89.7% in favor of an amalgamation with a wholly owned subsidiary of Placer Dome (TSE). Placer controls Craibbe-Fletcher through it…


Cusac confirms mineralized vein

At the Table Mountain gold property in northern British Columbia, preliminary work has begun on the western extension of a new structure identified as the Big Vein. The work coincides with advancement…



SAGC funds work in central Chile

Toronto-listed South American Gold & Copper (SAGC) is raising US$4.1 million to expand exploration and development in South America. It is doing so by means of a private placement of 3 million shares …


Ramrod resumes drilling at Damoti

Toronto-listed Consolidated Ramrod Gold has intersected coarse visible gold within high-grade intervals at the Damoti Lake property near Yellowknife, N.W.T. The discovery follows resumption of a minim…


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