Westmin explores Dragon property
Toronto-listed Westmin Resources will continue to explore the Dragon property on Vancouver Island, B.C., under the terms of a previously negotiated option-joint venture agreement with Doromin Resource…
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Greenstone in Honduras
Toronto-listed Greenstone Resources has opted to buy a 51% stake in the private Honduran company that controls the San Andres gold project in western Honduras. As consideration, Greenstone will issue …
CaribGold returns gold values
Drill results from four gold targets on the Santa Clara concession in central Cuba are providing encouragement for CaribGold Resources (TSE). The most significant intersection was encountered at Lote …
INSIDER TRADING — Inco officers exercise options and sell
Five officers of Inco (TSE) exercised options and sold shares in September. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Lorne Ames exercised 920 options at US$23.19 a…
Gossan drills iron-titanium play
Partners Gossan Resources (VSE) and the Cross Lake First Nations Band have arrived at a resource estimate based on drilling in the eastern portion of the Main Central zone at the Pipestone Lake projec…
Freewest to drill Verneuil gold play
Another phase of diamond drilling is set to begin on Golden Tag Resources’ (VSE) 44-claim Verneuil Twp. gold prospect in northwestern Quebec. The property, owned 60% by Golden Tag and 40% by Gold Hawk…
Positive assays from Komis play
The first four drill holes have yielded positive assay results in a new program at Waddy Lake Resources’ (TSE) Komis gold deposit in northern Saskatchewan. Significant intersections include 0.36 oz. g…
Southern Peru seeks listing
Peruvian copper producer Southern Peru Copper is going public. The company has filed a registration statement with the Securities and Exchange Commission in Washington, D.C., related to the proposed s…
Granges, Cameco exploration initiative
Toronto-listed Granges can acquire a half interest in a 432-claim gold property within the Goldfields mining district of southwestern Nevada. According to a letter of intent signed with a U.S. subsidi…
William resurrects Santa Juana mine
A feasibility study has given the redevelopment nod to the past-producing Santa Juana mine in Durango, Mexico. The mine, owned by William Resources (ME), hosts 2.8 million tonnes averaging 3.6 grams g…
Peace accord should boost Angolan mining
The end of almost 20 years of fighting in Angola should ignite an economic revival in the African country and enable its fledgling mining industry to take flight. The country’s two warring factions me…
MSV increases revenue, earnings
Revenue and earnings were higher, but third-quarter production of 12,439 oz. gold and 3.12 million lb. copper was off slightly from the same period in 1993, MSV Resources (ME) reports. A higher copper…