Silver Butte on schedule
Development of the Silver Butte polymetallic mine in Douglas Cty., Ore., is reported to be on schedule for startup by the end of the year. Owned by Formosa Resources (VSE), the Silver Butte project is…
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VSM confirms depth extensions of Grevet zone, joins TSE
Newly listed on The Toronto Stock Exchange, Montreal-based VSM Exploration (TSE) continues to intersect high-grade zinc mineralization at the Grevet project, about 40 km northeast of Quevillon, Que. T…
LAC drilling on Norgold claims
A 10-hole exploration program is halfway complete on the Nevada Chance “East” claim block, some 60 miles north of Lovelock, Nev. The gold project is a joint venture between LAC Minerals (TSE) and Norg…
Vancouver Stock Exchange Eskay provides new excitement
A new gold discovery in the Eskay Creek camp of northwestern British Columbia provided a flurry of excitement, albeit an extremely modest one, on the Vancouver Stock Exchange for the week ended Oct. 1…
Vior and partners increase size of Douay West deposit
Societe d’Exploration Miniere Vior (ME) has revised upwards its estimate of preliminary reserves for the West zone of the Douay gold project in northwestern Quebec. The project is 42%-owned by Inco (T…
Galore Creek area active as Rhodes drills copper zone
Despite its rugged and remote location, the Copper Canyon project in the Galore Creek area of northwestern British Columbia is emerging as one of the more prospective properties being explored by juni…
Seely to address U of T audience
The University of Toronto will host its annual social night, Nov. 1, at the Earth Science Building. Reception begins at 5 p.m. As part of the festivities, L.E. Seeley, Falconbridge Ltd.’s director of …
World’s top mining firms seek better U.S. exposure
It says something about the reputation of Goldman Sachs & Co.’s annual metals and mining seminar that it attracts senior executives from nearly all of the world’s top mining firms. This year an elite …
Curragh completes US$130-m. issue
A US$130 million bond issue arranged by Curragh Resources (TSE) to offset debts associated with various projects, including the purchase of a 20% stake in a Spanish smelter, was completed recently. Th…
Valdez Gold acquires shares of San Paulo
Ian McAvity, chairman of Valdez Gold, says a total of 3,999,724 shares of San Paulo Explorations (ASE) have been deposited under the company’s recent offer to purchase two million shares of San Paulo….
Ester property drilling returns gold
Recent diamond drilling on the Ester property near Fairbanks, Alaska, has returned some encouraging results. A unit of Inco (TSE) is earning a 70% interest in the property from Silverado Mines (VSE) b…
Audrey examining Mobrun bet targets
Having discovered five massive sulphide lenses on its Mobrun mine property near Rouyn-Noranda, Que., Audrey Resources (TSE) has set out to look for additional deposits on the property. The company say…