News

In return for a US$5,000 option payment, Verdstone Resources (VSE) recently acquired the right to lease the Victorine mine about 50 miles north of Round Mountain in central Nevada. The option is exerc…

Spring is annual meeting time, and no better opportunity exists for shareholders and media types to catch a glimpse of the corporate culture and personalities behind Vancouver’s mining companies, whic…

International Suneva Resources Ltd. (ISN:VSE) has changed its name to Nevsun Resources Ltd. (NSU:VSE) with a consolidation of 1-new-for-4-old-share basis. The transfer agent is Montreal Trust.

Toronto-based Hemlo Gold Mines (TSE) has entered into a letter of intent to option the Bear Lake gold project near Kirkland Lake, Ont., from Northfield Minerals (TSE). Under the terms of the letter, H…

Just three years since Aur Resources (TSE) and partner Societe Miniere Louvem (TSE) realized they were on to a major base metal discovery, their Louvicourt Twp. property east of Val d’Or, Que., is sta…

Three years ago, Rex Gibbons typed a short resignation letter and walked out the door of the Newfoundland Department of Mines where he had worked as a senior geologist for 13 years. One month later he…

Noranda (TSE) recently spent $500,000 to purchase the 50% interest it didn’t already own in a plant designed to extract magnesium from old asbestos tailings in the Thetford mines area of southeastern …

Composite “300” 3410.20 3403.98 3387.93 3375.34 3382.86 4009.47 3009.91 Metals & Minerals 3148.85 3110.82 3110.19 3097.07 3087.21 3453.06 2502.63 Integrated Mines 3358.41 3314.22 3315.05 3300.61 3291….

A US$200,000 drilling program is planned for the Madison gold-copper property about 25 miles southeast of Butte, Mont., by owners Galleon Mining (VSE) and BMR Gold (VSE). The companies can earn a 100%…

Week’s Price (US) Change Gold* $339.85 + $1.40 Silver* $ 4.09 – $0.01 Platinum* $376.75 + $11.25 Nickel** $ 3.35 0.00 Lead** $ 0.24 + $0.01 Copper $ 1.01 0.00 Zinc $ 0.64 0.00 Courtesy of Scotiabank. …

After drilling the fourth hole of this year’s drilling program, Kennecott opted to suspend drilling operations on the Lockwood property near Everett, Wash. Kennecott can earn a 51% interest in the pro…

In a move to eliminate its long-term debt, Fischer-Watt Gold (NASDAQ) recently agreed to sell its 5% net operating profit royalty in the Hayden Hill property to Amax Gold (NYSE) for about US$3 million…