Trans Hex pursues alluvial gems
Trans Hex International (THI-T) continues to explore for alluvial diamonds in Brazil, Namibia and Zimbabwe.In eastern Brazil’s Minas Gerais state, along the banks of the Rio Grande River, the company …
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Earth sciences child’s play at ROM exhibition — Geology, palaeobiology no longer domain of stuffy old academics
At the new Dynamic Earth exhibition at the Royal Ontario Museum in downtown Toronto, kids rule.Gone are the dry, academic presentations of the earth’s geologic evolution and carefully ordered and boxe…
NEWS ROUNDUP — Major General, Cameco hit gold
One hot hole does not a mine make. Nonetheless, partners Major General Resources (MGJ-V) and Cameco (CCO-T) are justifiably encouraged by the results of recent drilling at the Despinassy property, 70 …
NEWS ROUNDUP — Drilling hits gold at Windfall Lake
A 7-hole drilling program by Inmet Mining (IMN-T) has led to the discovery of multiple gold zones in altered, sheared felsic volcanic rocks at the Windfall Lake property in Quebec’s Urban Twp., 100 km…
Junior explores in Newfoundland
Junior United Carina Resources (UCA-V) has begun exploring its Linear Group property, near Gander, Nfld.Through a program of line-cutting, induced-polarization surveys and soil sampling, United Carina…
Juniors close deal
With both companies’ boards signing a final merger agreement, Queenstake Resources (QTR-T) and Santa Cruz Gold (SCG-T) are set to seek shareholder approval for the merger.Under the merger plan, both c…
QUERY — Aconic, Lomega both gone
Could you check to see whether the companies on the enclosed certificates, Aconic Mining Corporation and Lomega Explorations Limited, still exist, or whether they are under another company name? Anyth…
Teachers buy Inmet shares
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Armada Gold (AAU-T) — John Hopkins, director, sold 100,000 shares indirectl…
DIAMOND PAGE — Cominco halts expansion
Low zinc prices have prompted Cominco to postpone, until next year, an expansion program at its Cajamarquilla zinc refinery in Peru.The first phase of the expansion, which increased production by 20,0…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Producers suffer as gold sinks further
Anyone who thought things could not get any worse should think again. The yellow metal dropped another $1.15 during the report period May 19-25, to land at US$271.20 per oz. on the morning of May 26.G…
Quinsam, Hillsborough go belly-up
In a final attempt to restructure its debt, Quinsam Coal has filed for creditor protection and suspended operations at its coal mine near Campbell River, B.C. As a result, 120 unionized workers have b…
Maracote focuses on Halley property
Junior Maracote International Resources (MCE-V) will begin a second phase of drilling on its Halley gold-silver property in south-central Peru.The 3,000-metre diamond drill program will test for gold …