Brazilian debt for gold fields?
Reports out of Brazil say a subsidiary of Mitsubishi Metal Corp. of Japan, Bishimetal Corp., has offered to buy the South American country’s US$115-billion foreign debt in return for mining rights to …
News
Vancouver Stock Exchange Trading activity comes to life
With gold prices moving in the right direction and companies announcing drilling budgets for the coming season, trading activity on the Vancouver Stock Exchange is beginning to show signs of life. At …
U.S. ruling removes delays at Crow Butte uranium project
Nebraska’s Attorney General has issued a favorable ruling on a foreign ownership issue that has held up the permitting process for the Crow Butte uranium mining project in that state. In a recent rele…
Mexican Hat reserves estimate
A reserve estimate has been completed by Oneida Resources (VSE) for one zone on its Mexican Hat gold property in Arizona. Held under option by project operator Placer Dome (TSE), the Mexican Hat prope…
Normetal contract
Normetal Mining Exploration (ME) has signed a milling and smelting contract with Noranda (TSE) for the refining of 70,000 tons of zinc-silver ore, and the purchase of zinc and silver concentrates, by …
Louvicourt drilling intersects sulphides
A 48-metre core intersection of massive and disseminated sulphide has been pulled by Louvicourt Gold Mines (COATS) on the northern portion of company property near Val d’Or, Que. Louvicourt, 58% owned…
Franco-Nevada buys Interlake’s Hemlo property
Toronto-based Franco- Nevada Mining (TSE) has acquired what it considers to be a promising long-term prospect to supplement its royalty interest in American Barrick Resources’ (TSE) Goldstrike gold mi…
Goldteck takes Bellview to feasibility
At a recent meeting, directors of Goldteck Mines unanimously approved a decision to advance to feasibility the Bellview gold project in White Pine Cty., Nev. A feasibility study, financed 100% by Gold…
Regal Goldfields options graphite claims from Brex
Regal Goldfields (COATS) has entered into an option agreement with Exploration Brex (ME) to earn a 51% interest in the latter company’s Duhamel graphite property, about 65 miles northeast of Ottawa. T…
Teeshin high grade
The first results from drilling completed last month at Teeshin Resources (VSE) Dome Mountain gold property returned an 8.5-ft. intersection grading one ounce gold per ton and 2.64 oz. silver. The sam…
Rio Algom, Denison both sue over Elliot mine practices
Uranium miners Rio Algom (TSE) and Denison Mines (TSE) are suing each other over mining practices near the borders of their respective properties close to Elliot Lake, Ont. In two separate lawsuits, R…
Mining companies, labor leaders differ on Ontario’s Bill 208
The Ontario government got an explicit message recently when the legislature’s standing committee on resource development rolled into Timmins; mining companies and mining unions aren’t happy with the …