Kilometre 88 a teaser for juniors
Several years ago, Venezuela’s Kilometre 88 district was the place to be for junior companies hoping to discover a premier gold deposit. To date, however, new finds of the size and importance of Place…
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EDITORIAL PAGE — Diamond hunt goes national
The feverish quest to find a diamond mine in Canada has spread from the Northwest Territories to cover much of the country, including northern Ontario. The diamond rush began in the Territories, north…
Latin American turnaround belies lost decade’ image
For many Americans, Latin America is still an economic backwater plagued by widespread poverty, runaway inflation and huge public debt. Yet to a large extent this image is out of step with reality. Am…
Crystallex’s Albino enters production
Vancouver-based Crystallex International (VSE) reported the commencement this month of gold production at its Albino open-pit mine in Venezuela. Albino is Crystallex’s first producing property. Output…
Wiens addresses London symposium
Continued support for the uranium industry depends on the public’s belief that the sector is committed to strict environmental protection standards, Saskatchewan’s environment minister said recently i…
Exploration and studies continue at Las Cristinas
Despite the recent disappointing results from Vengold’s (TSE) Oro Uno property in eastern Venezuela, Placer Dome (TSE) remains confident about the region and quietly continues work on its Las Cristina…
Success of Omai mine bodes well for Cambior
Montreal-based Cambior (TSE) has been the driving force behind getting the Omai gold mine in Guyana on stream. Omai, owned 65% by Cambior, 30% by Denver-based Golden Star Resources (TSE) and 5% by the…
Ivan mine operating in Chile
Toronto-based Minera Rayrock (TSE) is the latest Canadian company to produce copper in Chile. The Ivan mine, 40 km northeast of Antofagasta, is operating at about 50% capacity and is expected to reach…
De Beers increasing its Canadian presence
The discovery of potentially economic kimberlite pipes in Canada’s North is being taken seriously by the world’s largest diamond organization, De Beers Consolidated Mines, and its marketing arm, the C…
American Gem producing sapphires in Montana
From 1906 to 1943, this state was the world’s largest supplier of commercial-grade sapphires. Now, some 50 years later, with the commissioning of its first sapphire processing plant, American Gem (TSE…
Moneta completes Wounded Bull buy
Toronto-listed Moneta Porcupine Mines (TSE) has bought Wounded Bull Resources from Australian-based Pima Mining. Moneta has issued 2 million shares as part of a 2-staged payment to be completed no lat…
Greater Lenora Intersects Gold In Saskatchewan
Junior Greater Lenora Resources (TSE) has intersected several gold occurrences at the Goldfields project in northern Saskatchewan. In the area of the Box mine pit, almost all of the 24 holes drilled h…