A second stage of prefeasibility drilling is under way on the Gaby joint venture in Ecuador. Ecuadorian Minerals (ASE) is earning a 35% interest in any oxide resource outlined and a half interest in a…
Five new holes drilled at MSV Resources’ (ME) Cedar Bay mine have encountered significant gold and copper values. The holes were drilled between the 3,000 and 3,300 levels toward the Cedar Bay mine fr…
Additional funds are now in hand for continued exploration of La Fortuna, a gold-copper property in Mexico’s Durango state. Owner San Fernando Mining (VSE) has completed a private placement of 1.9 mil…
Based on drilling and trenching results, Bolivar Goldfields (VSE) estimates an initial resource of 700,000 oz. gold for its Tomi concession in Venezuela’s Bolivar state. Most of this is contained in h…
Shares of Manhattan Minerals have begun trading on the Toronto Stock Exchange. The company has received approval for its final prospectus, along with funds from the financing previously held in escrow…
Trenching at the Barite zone on Joutel Resources’ (TSE) Sierra Maestra concession in Cuba has yielded encouraging gold values. Recent sampling returned values of 0.053 oz. per ton across 131 ft. in Tr…
In the past two decades, Peter Allen has taken his father’s collection of small mining companies and turned them into a single, big-league gold player. And now Royal Oak Mines (TSE) — a company barel…
Exploration and underground development have led to a significant increase in reserves at Antares Mining’s (TSE) Lady Lina gold project in Zimbabwe. Since Jan. 31, probable reserves and indicated reso…
Development of the Fish Lake copper-gold deposit, southwest of Williams Lake, B.C., is coming into focus for owner Taseko Mines (VSE). Consultant Kilborn Engineering Pacific is nearly finished a prefe…
Salt Lake City-based Kennecott can earn a 25% interest in Kalahari Resources’ (VSE) Murdoch Creek property, east of Kirkland Lake, Ont. In return, Kennecott must spend $1 million on exploration over 1…
Two areas of the Goldstream property, near Revelstoke, B.C., will soon be explored. Joint owners Bethlehem Resources (TSE) and Goldnev Resources (VSE) plan to test the grade and thickness of the orebo…
A ground magnetic survey has begun on Blue Hill Capital’s (ASE) Athabasca No. 108 gold project to define possible drill targets. The property, situated near Fort MacKay, Alta., is a crown mining lease…
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