Pelangio aims drills at Bristol Twp.
Drilling by Pelangio Larder Mines (PLLM-C) is under way at the Poirier prospect in Bristol Twp., west of Timmins, Ont.Pelangio, which is earning a 50% interest from Copper Dome Mines (cpj-a), is drill…
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STOCK MARKETS — Base metals beaten down again on TSE — Broad market heads nowhere but golds finally move higher
The Toronto Stock Exchange was uninspired during the trading period Aug.20-26, losing 17.97 points to close Aug. 26 at 6,697.91. The base metals, oil and gas, and real estate sectors were the major dr…
Rio Tinto drills gold prospect
Rio Tinto (RTP-n) is engaged in a drilling program at its wholly owned Canoas concession in south-central Ecuador.The activity is focused on the northwestern part of the concession. To date, about 40 …
Earnings rise for Rayrock Yellowknife
A major sale made the second quarter a strong one for Rayrock Yellowknife Resources (RAY-T).The company, which mines gold in Nevada, reported earnings of US$5.4 million (or 30 cents per share), compar…
Mar-West, Curion expand Honduran deposit
An oxidized gold resource in excess of 20 million tonnes grading 1.3 grams gold per tonne has been established at the San Martin concession in central Honduras.The announcement follows a first phase o…
Gold Reserve passes audit
A study by Behre Dolbear has concluded that data collection procedures used by Gold Reserve (glr-t) at its Brisas gold deposit in southeastern Venezuela meet or exceed accepted industry standards.Othe…
Battle Mountain, Orvana option Chilean property
The Copper Line joint venture of Battle Mountain Gold (BMG-N) and Orvana Minerals (ORV-T) has reached an agreement-in-principal with the Chilean state mining enterprise Codelco that will expand the jo…
FACTS ‘N’ FIGURES — Greenland exploration on rise
The last operating mine in Greenland closed in 1991, prompting the government there to amend the Mineral Resources Act. The move was intended to bolster the island’s sagging mineral resources sector.N…
EDITORIAL — Investors place premium on growth in mining — Busang slows merger mania
The top brass of the major brokerage firms love them; lawyers love them; and so do accountants. Most important of all, investors love them, forgetting, as many do, that if two plus two can equal five,…
Lytton and New Indigo release grade for Jericho
Partners Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) report that the average grade of the JD/OD-1 kimberlite pipe in the Northwest Territories is now 1.18 carats per tonne.The announcemen…
BOOK REVIEW — Ed Schieffelin: one lucky cuss
.BREVIEWED BY JOHN CUMMINGDestination Tombstone: Adventures of a Prospectorby Edward Schieffelin; compiled by Marilyn Butler;US$14.95, Available from Royal Spectrum Publishing,2562 E. Evergreen, Mesa,…
GREATEST VALUE TRADED, August 20-26
ExchgValue($000s)HighLowCloseChangeInco LtdT11183…