News

Drilling on the Casino property in the southern Yukon is continuing. Vancouver-listed Pacific Sentinel Gold has four rigs operating as part of a $7.2-million program to delineate a large porphyry copp…

VSE-listed International Musto Explorations has updated preliminary reserve estimates for the Bajo de la Alumbrera copper-gold deposit in eastern Argentina. The new results incorporate a recent deline…

The New World project of Crown Butte Resources in Montana, where underground geological reserves are estimated at eight million tons averaging 0.21 oz. gold per ton, is scheduled to enter production i…

Montreal-based KWG Resources has agreed in principle to earn a 100% interest in 15 gold concessions in French Guiana from Bureau de recherches geologiques et minieres of France. The concessions lie al…

— Braiden Resources (VSE) has agreed to earn a 50% interest in a 72,000-acre property held by Super Twins Resources (VSE) in the George Lake area, northeast of Lac de Gras. To earn the interest, Brai…

Operating losses have prompted Gibraltar Mines (TSE) temporarily to shut down the McLeese Lake open-pit copper mine and mill. The recent drop in the price of copper made it necessary to conserve cash,…

Drilling will soon begin on Stroud Resources’ (TSE) Hislop Twp. gold property near Timmins, Ont. The program will be carried out at the Creek zone where preliminary reserves total one million tons gra…

A private placement of three million units at 75 cents each has been completed by Platinova A/S (TSE). Each unit consists of one common share of Platinova plus one warrant to buy one additional share …

An agreement between Stratmin (ME) and St. Genevieve Resources (TSE) gives the former the right to develop and operate two new technologies for graphite purification and laminated graphite. The purifi…

Temporary refining problems at the La Coipa mine in northern Chile have resulted in lower first-quarter earnings of US$2 million (2 cents per share) for TVX Gold (TSE) compared with US$3.1 million (2 …

A director of exploration with Inco Exploration and Technical Services, John Allan Sauerbrei, died recently of cancer in Sudbury, Ont. He was 55. The Queen’s University graduate (with a B.Sc. and M.Sc…

Recently, a stock broker in Manitoba phoned our offices requesting information on the diamond stocks that are currently so hot. He admitted he wasn’t well-versed in speculative stocks; in fact, he del…