Iron Colt grades surpass expectations
Results from underground development on the Iron Colt gold-silver project near this historic camp are surpassing the expectations of joint-venture partners International Silver Ridge Resources (VSE) a…
News
Copper mines staging comeback in British Columbia
Several shutdown copper mines in British Columbia will re-enter production this year, largely because their economics have been improved by higher copper prices and a weaker Canadian dollar. The reope…
NEWS IN BRIEF (August 01, 1994)
Vector Industries International Inc. (VII:VSE) has changed its name to Vector Diamond Corporation (VII:VSE) on a sh-for-sh basis.
Barrick opts for Peruvian project
Having scoured Latin America and Southeast Asia, American Barrick (TSE) has taken its first major step outside North America by buying a piece of a Peruvian project. The company has committed US$20 mi…
Further Meliadine drilling planned
A second phase of drilling on the Meliadine project near Rankin Inlet, N.W.T., is expected to get under way shortly. Partners Comaplex Minerals (TSE) and Cumberland Resources (VSE) recently completed …
NEWS ROUNDUP — Manhattan active in Mexico, Nevada
Shares of Manhattan Minerals have begun trading on the Toronto Stock Exchange. The company has received approval for its final prospectus, along with funds from the financing previously held in escrow…
Rea Gold to spend $3m to revive Bissett gold mine
Rea Gold (TSE) will spend $3 million in an effort to add 1 million tons of reserves to the existing 1.5-million-ton mineral inventory at the Bissett gold mine project in Manitoba. Between 1932 and 196…
THE LATIN BEAT — Joutel encouraged by Cuban trenching
Trenching at the Barite zone on Joutel Resources’ (TSE) Sierra Maestra concession in Cuba has yielded encouraging gold values. Recent sampling returned values of 0.053 oz. per ton across 131 ft. in Tr…
Lac Minerals: a mining company built by father and son
In the past two decades, Peter Allen has taken his father’s collection of small mining companies and turned them into a single, big-league gold player. And now Royal Oak Mines (TSE) — a company barel…
Cathedral expands Hicks gold zone
Drilling on the Kaburi-Eldorado project in Guyana has confirmed the continuation of the Hicks gold zone along strike and to depth. Cathedral Gold (TSE), which can earn up to a 90% interest in the prop…
Antares ups reserves at Lady Lina
Exploration and underground development have led to a significant increase in reserves at Antares Mining’s (TSE) Lady Lina gold project in Zimbabwe. Since Jan. 31, probable reserves and indicated reso…
Miramar mining streamlines Con mine
By world standards, the Con mine is a premier orebody, having produced more than 4.7 million oz. gold since its startup in the 1930s. The property, situated just south of here, was first staked by Com…