Although best known for mineral projects in northern British Columbia, Granduc Mines (TSE) plans to buy a 25% interest in the advanced La Choya gold project in northwestern Sonora, Mexico. At last rep…
Chicago-based FMC Gold (NYSE) recently incorporated Minera FMC as a Mexican subsidiary to facilitate exploration efforts in Mexico. The company reports that it is encouraged by initial exploration eff…
Two large porphyry copper-oxide projects belonging to Azco Mining (VSE), Piedras Verdes and Suaqui Verde, both in the Mexican state of Sonora, are candidates for development using solvent extraction, …
Vancouver-based War Eagle Mining (VSE) has the right to acquire a 99% interest in the La Blanca property in Chihuahua, Mexico, by making staged payments totalling US$770,000. The property is subject t…
Drilling is under way on Flag Resources’ (ASE) 24,000-acre claim block covering the Wanapitei anomaly near Sudbury, Ont. The 5,000-ft. hole is designed to penetrate basement rocks underlying the Huron…
The recent acquisition of a subsidiary of Tenneco will give Equinox Resources (TSE) another operating mine. The acquisition, priced at about US$2.4 million, includes a 100% interest in the Goldstrike …
Recent drilling on the Tulsequah Chief property in northwestern British Columbia confirms the massive sulphide deposit extends below current reserves. Redfern Resources (TSE), 100% owner of the proper…
Partners Echo Bay Mines (TSE) and Crown Resources (TSE) are busy with a US$15-million development program at their Lamefoot deposit in northeastern Washington state. The property is part of the Kettle…
Ressources Minieres Canaco (MSE) has signed an agreement allowing it to acquire a 50% interest in First Standard Mining’s (VSE) Val St-Gilles gold property north of Lasarre, Que. To earn its interest,…
Despite a preliminary estimate of more than one million tons of ore grading half an ounce of gold per ton, there were no takers. Even when gold started its upward climb from US$40 per oz. in 1970 to a…
Getting in and out of the mining business is becoming much more costly, thanks to securities demanded for abandonment, a Vancouver lawyer said at a recent environmental law conference here. Lynne Hues…
In response to floundering nickel markets worldwide, Inco (TSE) is slashing production, curtailing capital expenditures and introducing other cost-cutting measures. Shortly after denying rumors of cut…
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