News


Drilling program set for property

Exploration of the Bellavista, Costa Rica, gold property in the Caribbean, a joint-venture project, has revealed to date reserves of 4.1 million tons grading 0.12 oz per ton. The joint-venture compani…



Editorial Oh for more “One-Share Sweeneys”

With annual meeting time once again rolling around, our editorial staff will be called upon to attend several hundred. All too many, we fear, will prove routine and boring, with little more than a han…


Canadians find gold on Aruba (See Box)

Gold mining in Canada was never, ever like this — on a beautiful island with nearby clean white sand beaches stretching for miles and washed by warm, crystal clear aqua-blue water. About 20 miles lon…


Gold fever continues

Everybody’s favorite metal, gold, continues to seek new levels, with the price soaring this past week to the $440-$450(US) per oz range. With a weakened American dollar and the announcement of a highe…



Whim Creek consortium buying Aussie company

Whim Creek Consolidated, acting on behalf of a consortium, has signed a deal with C.R.A. Ltd., to purchase all the shares of Forrest Bay Pty. for $76.5 million. Members of the consortium include Austw…


Accounting policy change adds to Galactic loss

A much more conservative accounting policy has been adopted by Galactic Resources, major gold producing asset of which is the Summitville mine in Colorado. As a result, Galactic reported a year-end ne…


Canadians find gold on Aruba

In something of a coup, a little known junior Canadian mining company, Monte Carlo Gold Mines, has obtained the exclusive mining concession to this beautiful Dutch island in the Caribbean Sea just 15 …



Dolphin flow-through

Flow-through shares of Dolphin Explorations will be issued to a fund at a price of $1.19 per share, not at $1 as was previously announced by the company. Dolphin will receive proceeds totalling $357,0…


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