News

With gold rising above the US$400-per-oz. level, western markets gathered steam over the report period ended Jan. 23. The Vancouver Stock Exchange resource index soared 120.77 points, to close at 1,49…

Results from two drill holes have enabled Diadem Resources (ME) to confirm the presence of a lamproite dyke on its property in Leek Springs, Calif. The holes, in conjunction with stream sediment sampl…

South African-based De Beers Consolidated Mines and the government of Russia have agreed to extend their diamond sales agreement for one month.The agreement, which gives De Beers the exclusive right t…

After waiting more than two months for drill results from the Red Mountain area gold property near Stewart, B.C., partners Teuton Resources (VSE) and Minvita Enterprises (VSE) learned that initial rea…

The lawsuit initiated by J.P. Sheridan and Northern Platinum (VSE), of which he is a director, against All-North Resources (VSE) has been dropped.As a result, the option agreement covering the Wellgre…

A previously announced agreement to acquire mineral assets in Peru will not be proceeding, reports Kookaburra Resources (TSE).Instead, the company will concentrate on its Tacaza copper project in Peru…

Privately owned African Minerals will enter discussions with state-owned Zambia Consolidated Copper Mines (ZCCM) regarding the acquisition of a majority position in the Konkola North property.Konkola …

Pacific Bay Minerals (VSE) is acquiring additional ground in the Finlayson-Wolverine Lake area of southeastern Yukon.The discovery of the ABM base metal deposit by Cominco (TSE) at its Kudz Ze Kayah p…

It may not be gold, or even nickel, but the large deposit of antimony discovered near this air traffic centre could soon be worth $15 million a year to Roycefield Resources (ASE).Antimony is a brittle…

The public financing of 3.2 million units at $1.20 each will help Northern Crown Mines (VSE) finance work on its Mesa Galindo gold-silver property and Guadalupe gold project in Mexico.Drilling is expe…

MEETINGSFeb. 6, Challenger — annualFeb. 8, Antilles — annual, generalFeb. 8, Channel — annual, generalFeb. 8, Int’l Brace — annual, generalFeb. 9, Mispec Res. — annual, specialFeb. 10, Founder –…

Underground drilling at the Ladner Creek project, northeast of Hope, B.C., is returning gold values for Athabaska Gold Resources (TSE).The company is outlining sufficient reserves to reopen the existi…