Minieres du Nord to drill Le Tac West
A 1,500-metre drill program is planned by Explorations Minieres du Nord (ME) on its 42 claim Le Tac West property 160 km northeast of Amos Que. The program, slated to commence within the next few week…
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Kennecott funds drill program by Valerie near Fish Lake
A drill program by Valerie Gold Resources (VSE) will begin shortly on the Mega-Gold property in the Taseko River region of southern British Columbia. The property, just 1.5 miles from Taseko Mines’ Fi…
U.S. REPORT — Phelps Dodge, Canyon to seek permits Positive
One of the largest new gold discoveries in the U.S. will be further evaluated as a proposed open pit mining and heap leach operation capable of producing about 300,000 oz. gold per year over the first…
INSIDER TRADING — Hillsborough insiders on buy side
Director John Lecky and major shareholder John Pope loaded up on shares of Hillsborough Resources (TSE) in September. Lecky bought 356,361 shares of the mining contractor for $2.28 to hold 1.32 millio…
Minerva evaluates La Conquista
Despite tough market conditions, Minerva Gold Mines (VSE) is continuing to evaluate the La Conquista property which consists of seven claims within the boundaries of the producing San Martin mine in t…
MINING IN MEXICO — Teck plans Mexican drill programs
Active in Mexico the past two years, Vancouver-based Teck (TSE) recently set up a wholly owned subsidiary, Minera Teck, S.A. de C.V., through which it will channel exploration funding and own properti…
Sweden selling mineral rights in effort to increase activity
Sweden will put its state-owned mineral rights on the international block following a resolution that all exploration ventures managed by the government should be discontinued. Until recently, the Sta…
MINING IN MEXICO — PROJECT ROUNDUP — Hillsborough in
Toronto-based Hillsborough Resources (TSE) recently signed a joint venture agreement with Industrias Luismin S.A. de C.V. of Mexico City to provide mine engineering and contracting services in Mexico….
MINING IN MEXICO — Scotiabank buys into financial group
The Bank of Nova Scotia (known also as Scotiabank) agreed this past summer to invest US$75 million to acquire a 5% interest in Mexico’s fourth largest financial group, Financiero Inverlat, S.A. The Ca…
Dignitary to showcase Australia at CIM lunch
Globe-trotter Sir Arvi Parbo will give a talk on Australia’s minerals industry at an Oct. 22 luncheon in Toronto’s Royal York Hotel. His speech will address such topical issues as land rights, sustain…
LETTERS TO THE EDITOR — Economic recovery needs
Today, the WNW Prospecting Syndicate, a venture funded by the Ontario Prospectors Assistance Program, began stripping overburden from a showing in the Geraldton, Ont., gold area. The Ministry of Natur…
EDITORIAL PAGE — Taking risks
Inco Ltd. has made a lot of right moves over the years but, as has any company that plays such a dominant role within its industry, it has made a few boners, too. Each story, told and re-told, has com…