News

Hemlo’s Holloway project gets go-ahead

Ontario’s newest producing gold mine could be the Holloway project, 60 km east of Matheson. A feasibility study by Hemlo Gold Mines (TSE), Freewest (TSE) and Teddy Bear Valley Mines (CDN) indicates th…


Treminco extends N.W.T. program

Follow-up drilling is planned for the Greenstone Belt project north of Yellowknife, N.W.T. Having completed a 12-hole, 6,271-ft. reconnaissance drilling program, Treminco Resources (TSE) has identifie…



OBITUARIES — McClelland helped Placer grow

The last of Placer Development’s early builders, Thomas McClelland, died recently here at his home. He was 84. McClelland earned a mining engineering degree at Berkeley, Calif., and learned the practi…


World Wide to drill Nevada gold play

Drilling is scheduled to begin soon on the Easter gold project, 180 km north of Las Vegas, Nev. World Wide Minerals (TSE) reports that the primary vein structure extends beyond 7,000 ft. The initial t…



American Bullion cancels funding

Junior American Bullion Minerals (VSE) has shelved plans for a brokered private placement of 2.5 million units at $2 each, pending completion of independent engineering reports and improved market con…




Adex options Guyanese project

Under an option agreement, Adex Mining (TSE) can acquire up to a 60% interest in the Potts Falls gold concession in Guyana. Adex can earn the interest from Giddings Industrial Development Co., a priva…


NEWS ROUNDUP — Ramrod picks up Carlin ground

In purchasing Westmont Gold, Consolidated Ramrod Gold (TSE) has acquired interests in several properties in the Carlin Trend of northeastern Nevada. The properties cover more than 15,000 acres and Ram…


China imposing a sales levy on miners

China is expected to slap a sales levy on domestic and foreign-funded mining firms to curb the growing waste of precious state-owned mineral resources. Song Ruixiang, China’s vice-minister of mining, …


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