News

Proceeds of $552,000 received by Eldorado (VSE) from an initial public offering will be combined with revenue from gold sales to further advance the La Colorada gold project near Hermosillo, Mexico. E…

Further exploration of the Jones Hill volcanogenic massive sulphide deposit will be carried out by Aur Resources (TSE), which recently optioned the New Mexico project from Champion Resources (VSE). Au…

A previously announced funding agreement between Quinto Mining (VSE) and a U.S. investment syndicate was recently finalized. In return for $4 million in funding, the syndicate will earn a 50% interest…

Drilling is expected to resume on the Huckleberry porphyry copper property near Kemano, B.C., this month. The drilling will complete the planned 1992 program which was recently suspended because of he…

A planned private placement of 770,000 shares at 65 cents each will give Teck (TSE) an initial 15.5% holding in Northern Crown Mines (VSE). The placement includes warrants to purchase an additional 95…

Although a number of companies did manage to bring new mining projects in the U.S. into operation during the year, numerous others continue to face delays in receiving environmental permits. Atlas (NY…

A wealth of geological knowledge is stored across the province in eight Ontario government drill core libraries. The facilities are much like regular libraries, but instead of books, they contain diam…

It’s hard to believe there could be a connection between intercontinental ballistic missiles and hard-rock mining. But there is. The Cold War era saw an unprecedented amount of effort and hard cash di…

Looking back over 1992, one is reminded of the potential for spectacular gains on western markets. The Vancouver Stock Exchange resource index posted an almost 50% increase to 667.08 points by the end…

Surface geophysical work at the Trendline property owned by Cathedral Gold (TSE) outlined a deep target which the company plans to drill test this month. Cathedral staked the 1,900-acre property earli…

Week’s Price (US) Change Gold* $332.30 – $0.20 Silver* $ 3.66 – $0.04 Platinum* $356.50 – $3.00 Nickel** $ 2.64 $0.00 Lead** $ 0.21 $0.00 Copper $ 1.03 + $0.01 Zinc $ 0.48 $0.00 Courtesy of Scotiabank…

Strike Minerals (CDN) has purchased one dozen 16-claim units covering 7,680 acres in Amyot, Browning, Ogilvie and Sheard twps., 10 miles southwest of Shining Tree, Ont. Strike says it acquired the gro…