News

Vancouver-listed junior Diamond Fields Resources will assume total ownership of the Loxton Dal and Frank Smith mines in South Africa. Chairman Jean-Raymond Boulle has announced plans to acquire an out…

Gold bullion prices were again weaker, but the slide was at least minor compared with that of last week. Spot prices were off US$1.05 per oz., closing at US$376.45. In spite of bullion weakness, the T…

Toronto-listed BGR Precious Metals has raised $42.6 million. The funds are from the sale of 2.5 million units at $17.85 per unit. Each unit consists of one Class A share and a Class A share purchase w…

China is affluent in tungsten resources and its operational costs are lower than those of most tungsten producers in the world. Although the demand for tungsten in the world market is not strong, if C…

John Grotski appointed director.

The interim report of the Ontario securities regulation task force recommends giving the Ontario Securities Commission (OSC) powers to make binding rules. The report also recommends that OSC policy st…

Henry Sydor has joined as a drilling and business consultant, based in Denver, Colo.

Alan Archer appointed director.

Brian Ferguson and Sylvain Hollander appointed directors.

An office has been opened in Santiago, Chile, and the following four appointments have been made: Renato Fernandez, senior geologist; George Ring, senior hydrogeologist; Carlos Saez, senior engineer; …

Despite the recent political turmoil in Russia, a tremendous opportunity exists for Western-based mining companies. Russia accounts for about one-eighth of the world’s land mass, second only to Canada…

Reserves have increased modestly at the Sterling gold mine in southern Nevada. The mine is 52%-owned by Cathedral Gold (TSE), which estimates geological reserves to be 536,000 tons grading 0.183 oz. g…