Fortune expands Nico zone
Drilling by Fortune Minerals (FORM-C) has expanded known mineralization at the Nico property, 170 km northwest of Yellowknife, N.W.T.The new drilling, in the south-central part of the property’s Bowl …
News
LITERATURE REVIEW — Hedging gains reduce Pegasus’ losses
Low prices present challenges for any gold producer, but companies with low-grade operations are often hardest-hit by weakening prices for the precious yellow metal.Pegasus Gold (PGU-T), which operate…
LITERATURE REVIEW — United Keno seeks financing
A licence issued by the Yukon Water Board will enable United Keno Hill Mines (UKH-T) to move forward with plans to resume production at its namesake silver-lead-zinc mine there.The permit has been for…
LITERATURE REVIEW — NEWS ROUNDUP — Stroud options Temagami properties
Stroud Resources (SDR-T) has signed a $3-million deal with privately owned Wabana Explorations to acquire the Leckie gold project, near Temagami, in northern Ontario.Wabana must make initial payments …
Ontex and Metalore settle legal dispute
One of the longest running legal disputes in recent mining history has come to an end.Ontex Resources (ONT-T) and Metalore Resources (met-t) began their legal battle over the Brookbank property in 198…
Echo Bay defers mine construction plans
Low gold prices have derailed plans by Echo Bay Mines (ECO-T) to construct two new gold mines — Paredones Amarillos in Mexico and Aquarius in Canada — and develop the Ulu gold project in Canada’s No…
Exploration continues at Stenpad
The exploration program at the Stenpad concession in Ghana is continuing following a technical audit that concluded earlier trench sample assays were “unreliable.”Golden Rule Resources (gnu-t) and Hix…
EDITORIAL — Coggin and Niemuth should be unmuzzled — Freedom of speech
Early this year, Delgratia Mining stated that its Josh property in Nevada had reserves of 5 million oz. gold. The estimate was based on four drill holes, which included such impressive assay results a…
GREATEST VALUE TRADED, August 13-19
Value($000s)HighLowCloseChangeBarrick GoldT113366…
LITERATURE REVIEW — Yuma completes feasibility study — Delays caused by efforts to gain approvals for process water
A bankable feasibility study is in hand for Yuma Copper’s (YUM-V) Tuina copper project, 60 km southeast of Chuquicamata, in northern Chile.Prepared by Bateman Engineering in association with New Baron…
LITERATURE REVIEW — KWG sees four mines on Russian horizon
Through its wholly owned subsidiary, Far East Gold (FEGI-C), Montreal-based KWG Resources (kwg-t) has signed letters of intent with two Russian gold companies to acquire interests in four gold deposit…
LITERATURE REVIEW — Cambiex Exploration acquires gold project in south Peru
The Arequipa region of southern Peru has attracted the attention of Cambiex Exploration (CBX-T), the exploration arm of parent company and majority shareholder Cambior (CMH-T).Cambiex recently signed …