Partners NovaGold Resources (TSE) and Costigan Gold (COATS) have made a base metal discovery on their Sewell Brook property, near Plaster Rock, N.B. All four holes on the previously undrilled property…
A drilling program on the Spectrum property in the northern Iskut area of northwestern British Columbia is returning good grades and widths. The program is part of an earn-in by Columbia Gold Mines wh…
Trading in gold stocks was brisk during the week ended Oct. 23 as bullion prices remained strong in the wake of falling crude oil prices. By presstime Oct. 24, the yellow metal was fixed at US$371 per…
A couple of juniors known for their activities in northwestern British Columbia have targeted Nevada as a future area for their growth. Integrated Resources and Capra Minerals are players in a lease/ …
In light of the recent invasion of oil-rich Kuwait by Iraq, Mineral Resources and the Destinies of Nations is a timely volume which presents a historical and contemporary view of how oil and other min…
A long-term credit facility worth $1.5 million has been signed by Armistice Resources (ME) with Dynatec Mining, a subsidiary of Dynatec International. Security for advances under the facility are Armi…
A recent hole drilled by Eurus Resource (VSE) to test for the projected strike extent of the Eskay Creek 21C zone returned a 13.1-ft. intersection (636.3-649.4 ft.) grading 0.96 oz. gold and 3.16 oz. …
Vancouver-based International Mahogany (TSE) says recent surface exploration work has discovered a new gold-bearing structure on the Star Lake property, adjacent to its 70% owned Jolu gold mine in nor…
After completing 27,300 ft. of drilling on the Omai gold project in Guyana, joint venture partners Cambior Resources (TSE) and Golden Star Resources (TSE) have defined minable reserves of 52.4 million…
There is a credibility crisis developing in the Canadian mining industry. The public is losing confidence in the industry’s ability to objectively state the merits or potential merits of a mineral pro…
The topic of project financing and its changing nature during the past 20 years was touched on by the president of LAC Minerals (TSE), Peter Allen, in a recent speech to a precious metals seminar in N…
Mechanical problems at the El Mochito polymetallic mine in Honduras have forced operator Breakwater Resources (TSE) to temporarily suspend operations until repairs can be completed. The company expect…
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