Kyrgyzstan has attracted US$1.7 million in foreign mineral exploration funds and is expected to produce 15 tonnes of gold in 1997.Much of the financing was provided by the joint-venture partners of st…
Bre-X Minerals, the junior mining company whose fabulous Busang gold deposit turned out to be a fraudulent sample factory, is at last where it belongs — in the hands of a bankruptcy trustee. Its liab…
Diavik Diamond Mines, a division of Rio Tinto (RTP-N), and its parter, Aber Resources (ABZ-T), have begun a final feasibility study on four diamond-bearing kimberlite pipes at the Diavik diamond proje…
A geochemical sampling program on the Aquilon gold property in the James Bay area of Quebec has returned positive results for Sirios Resources (SOI-M).Sirios has discovered several showings assaying b…
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateNov. 18Nov. 17Nov. 14Nov. 13N…
To finance drilling at its Remac zinc project in southern British Columbia, Redhawk Resources (RDK-V) has arranged a $500,000 private placement of 400,000 flow-through shares and 100,000 non-flow-thro…
A federal-provincial panel has given its conditional approval to both the Cigar Lake and Midwest uranium projects in the Athabasca basin of northern Saskatchewan.The Cigar Lake project is operated by …
In 1989, I was working as an exploration geologist in Canada but accepted an offer from an Italian mining company to spend a year in Zambia reviewing gold exploration licences. I had never been to a d…
The Vancouver Stock Exchange composite index stumbled again over the report period ended Nov. 18, dropping 57.24 points, or 7.6%, to close at 694.22. The mining index wasn’t any better off as it slid …
Gold mining at Mineral Ridge in Nevada, which got under way less than a year ago, has been temporarily halted by owner Cornucopia Resources (CNP-T).Cornucopia says it is closing the mine for three mon…
A 9-month loss for Goldcorp (G-T) has not dampened the company’s enthusiasm for expansion at its Red Lake operation in northwestern Ontario.Goldcorp’s losses for the nine months ended Sept. 30 were US…
Donner Resources (DRZ-V) has changed its name to Donner Minerals (DML-V).
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