A feasibility study on the Lisbon Valley property near Monticello, Utah, concludes that the oxide copper project is economic and projects a pre-tax payback of just over two years.Owner Summo Minerals …
Backed by a recent feasibility study and $8 million in its treasury, William Resources (TSE) has begun production development at its wholly owned Velardena silver-gold project in Mexico.The property, …
A drill program under way at the Ventana property in Peru is attempting to outline a copper porphyry deposit for Arequipa Resources (VSE).The work is being carried out under the direction of Southern …
Seven awards for outstanding contributions to the Canadian metallurgical industry were announced recently at a dinner in Vancouver, B.C.The Metallurgical Society of the Canadian Institute of Mining, M…
Encouraged by drill results from the newly discovered Wolverine zone in south-central Yukon, Westmin Resources (TSE) has added a second rig to the Foot claims and will extend the program until late Oc…
Underground drilling on the Michelle Highgrade area at the Table Mountain mine in north-central British Columbia is confirming gold values for Cusac Gold Mines (TSE).The company has completed a declin…
Construction will begin immediately on a new phase of work at the Mt. Todd mine of Pegasus Gold (AMEX). As a result, gold production at the Australian operation is expected to rise to 260,000 oz. per …
The preliminary feasibility study on the Baley gold deposit in the Chita region of eastern Russia has provided more encouragement to Armada Gold (ASE).The company believes the study is conservative, a…
Drilling at the Meliadine project north of Rankin Inlet, N.W.T. has been completed, and joint-venture partners Cumberland Resources (VSE) and Comaplex Minerals (TSE) are ready to recalculate the resou…
A small group of private institutional investors has bought 5.4 million unregistered shares of Stillwater Mining (NASDAQ) from its parent company, Manville (NYSE).The privately negotiated placement, w…
Toronto-listed St. Genevieve Resources (TSE) can earn an indirect interest in Koryakiya Mining Co., the owner of a gold deposit on the Kamchatka Peninsula of Russia.The Ametistovoye deposit, a vein sy…
South African-based JCI, the world’s seventh largest gold producer has signed a letter of intent with Patrician Gold Mines (ASE) concerning the junior’s four Ghanaian gold licences.JCI can earn a 60% …
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