Barrick options properties in Peru
Exploration potential along the 100-km-long Pierina trend in the northern Ancash district of Peru is being eyed by Barrick Gold (ABX-T).The major has reached a preliminary option agreement with Vancou…
News
Almadan active near Munro Lake, BC
A 2,000-metre drill program is testing the Sue claim block, near Munro Lake, B.C., for copper-molybdenum-silver mineralization.Almaden Resources (AMH-V) is focusing on two large induced-polarization g…
Atlantic CIM to host meeting
The Newfoundland branch of the Canadian Institute of Mining, Metallurgy & Petroleum (CIM) will host a conference on exploration in the Maritimes.The meeting, entitled “Rediscovering Atlantic Canada,” …
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Pacific Rim now has more to explore in southern Mexico
By acquiring two new concessions, Miranda Industries (MAD-V) has tripled to 300 ha its land position in the Leticia area of Mexico’s Guerrero state.The Josse and Josse II concessions will become part …
St Andrew encouraged by Taylor drilling
Drill results from the Taylor gold property near Timmins, Ont., are keeping St Andrew Goldfields (SAS-T) in a hopeful frame of mind.The latest results are from five holes drilled in the West Porphyry …
Atapa raises funds for Indonesian drilling
Junior Atapa Minerals (ATAp-C) has raised sufficient funds to continue drilling on its Cikotok and Cikidang gold properties in West Java, Indonesia.The recently closed $3.1-million private placement c…
Partners extend copper zones at Lew
Drilling by partners Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) has intersected high-grade copper mineralization on the Lew volcanogenic massive sulphide property, 20 km …
Lyon Lake Mines launches Beta Vargas
Soon to join the ranks of gold producers, Lyon Lake Mines (LLL-M) reports that its wholly owned Beta Vargas open-pit gold mine in Costa Rica is operational.Thirty thousand tonnes of ore are being plac…
Mill problems beset Harker-Holloway mines
A mechanical failure in the grinding circuit at the Holt-McDermott mill, east of Matheson, Ont., is affecting both producing mines in the Harker-Holloway gold camp.Repairs are under way at the mill, w…
Dakota reorganizes Illinois Creek payments
The Illinois Creek gold mine, in west-central Alaska, was in trouble.Production was almost at a standstill because there was no water for the heap-leach pad. The contract miners had not been paid, and…
EDITORIAL — New uses for the precious metal — Gold rebounds
How long it will last, no one knows. But the recent upsurge in gold prices is the best news the mining and investment sectors have had for some time.And good news has been in short supply ever since t…