Glen Auden options two gold properties
Vancouver-listed Seawest Resources can earn a half participating interest in the Moody Twp. gold prospect of Glen Auden Resources (CDN). The 89-claim property is near Timmins, Ont. To earn the interes…
News
JUNIOR MINING SPECIAL — Record gold, silver output boosts
New gold and silver production records were set by Echo Bay Mines (TSE) in 1993 and the Denver-based company is expecting similar output this year. Gold output increased to 873,890 oz. last year, up 1…
JUNIOR MINING SPECIAL — TVX expands reserves and develops
Toronto-based TVX Gold (TSE) is optimistic about the coming year now that Inco (TSE), has sold the public its 61.8% stake in the company. The sale prompted TVX Chairman Eike Batista to assemble a new …
Tri Origin hits new mineralized zone
Toronto-based Tri Origin Exploration (TSE) has discovered a new zone at its Lewis Ponds polymetallic project in New South Wales, Australia. The mineralized structure exists below a major fault structu…
Elenita drilling winds down in Chile
Reverse circulation drilling has been completed on the Elenita oxide copper project near Antofagasta, Chile. Princeton Mining (TSE) drilled 3,000 metres, including 23 holes, designed to test a series …
Ariel operations spin out cash
Two gold mining operations in Costa Rica helped Ariel Resources (TSE) post its highest 6-month earnings to date. For the period ended Mar. 31, Ariel netted US$593,775, or about US6.4 cents per share. …
Princeton encouraged by Alabama drilling
Drill results from the Alabama target at the Similco mine near Princeton, B.C., confirm the presence of a higher-grade zone below prior shallow drilling. Princeton Mining (TSE) has drilled 5,300 ft. (…
New Canamin targets copper-gold
The extent of the Huckleberry copper project, near Kemano, B.C., is gradually coming into focus. As definition and infill drilling continue on the East zone, New Canamin Resources (VSE) is preparing t…
Viceroy posts record production
A 44% increase in gold production from the Castle Mountain mine has enabled Viceroy Resource (TSE) to post earnings of $11.25 million for the year ended March 31. The figure is more than double the $5…
LAST BUT NOT LEAST — Golden News gears up development
Junior Golden News Resources (VSE) has commissioned an Arizona-based firm to engineer and construct the Luz del Cobre copper project in Mexico’s Sonora state. M3 Engineering & Technology of Tucson wil…
LAST BUT NOT LEAST — CMJ starts Prospector’s Page
Beginning this summer, prospectors will have the opportunity to promote their properties on a special “Prospector’s Page” in Canadian Mining Journal (CMJ). The CMJ will publish 120-word descriptions o…
JUNIOR MINING SPECIAL — Holmer options Peru gold property
Continuing to expand its portfolio of Latin American properties, Holmer Gold Mines (ASE) has acquired a 1,500-hectare gold property in southern Peru. The Inca property hosts two gold-bearing breccia z…