Bolivar sees production potential
The indicated and inferred resource in three zones at the Tomi concession in Venezuela’s El Callao region is now believed to exceed 2.7 million tonnes grading 5.42 grams gold per tonne. Bolivar Goldfi…
News
Agate to drill in Chile
Drilling is expected to begin soon at the Nancagua gold-silver project south of Santiago, Chile. Partners Agate Bay Resources (VSE) and Princeton Mining (TSE) plan to drill at least 1,000 metres in a …
Crystallex nears target at Albino
Gold production from the Albino mine in Venezuela has increased dramatically. The operation, situated in the Kilometre 88 region, cranked out 3,352 oz. in March — a whopping 73% increase over the pre…
Voisey Bay anomaly extended
A geophysical survey has identified another anomaly, some 4.5 km northwest of the Voisey Bay nickel-copper-cobalt project in Labrador. Diamond Fields Resources (TSE) says work is continuing in this ar…
Canmine hits zones at Fer play
Two mineralized zones have been encountered on Canmine Resources’ (ASE) wholly owned Fer property in northern Manitoba. One of the areas, known as the Point zone, contains precious metal mineralizatio…
Vengold active in Venezuela
Preliminary drill results from the Bizkaitarra gold concession in Venezuela’s Kilometre 88 region are encouraging for partners Vengold (TSE) and Queenstake Resources (TSE). To date, results from five …
NEWS ROUNDUP — Barrick tops list of gold producers
Million-ounce gold producers in North America numbered four last year, with Barrick Gold (TSE) leading the way. Barrick swallowed Lac Minerals in a corporate takeover last summer, and their combined p…
Gibraltar Mines president speaking at CIM luncheon
The president of Gibraltar Mines, William Myckatyn, will provide an update on his company’s activities at an April 28 luncheon presented by the Canadian Institute of Mining, Metallurgy and Petroleum. …
BHP, Canyon in Montana
NASDAQ-listed Canyon Resources will allow BHP Minerals International Exploration (NYSE) to explore some 900,000 acres of its properties in western Montana. BHP can earn a 51% interest in the propertie…
BOOK IN REVIEW — The mines of Red Lake
The Gold Mines of Red Lake, Ontario, Canada, written and published by D.F. Parrott, 204-120 South Cumberland St., Thunder Bay, Ont. P7B 5R7. Printed by Derksen Printers, Steinbach, Man. Hardcover, 256…
Jordex teams with Barrick
A joint-venture agreement between Barrick Gold (TSE) and Jordex Resources (TSE) enables the former to earn a 60% interest in nine gold properties in eastern Bolivia. To do so, Barrick must spend up to…
STOCK MARKETS — Western markets take breather after diamond
Western markets cooled somewhat over the report period ended April. 11, following the recent diamond-related run-up. The Vancouver Stock Exchange resource index slipped 24.56 points to finish at 1,216…