ODDS’N’SODS — Tipped off
George “Gus” McManus was responsible for staking many of the gold deposits in the Red Lake area of Ontario during the early years of mining development in that district.McManus was prospecting for sil…
1996
EDITORIAL PAGE — WMI: A progress report
“A perfect agreement meant for a perfect world” is how one Canadian mining executive described the Whitehorse Mining Initiative (WMI) after it was signed in 1994.The agreement defined a vision of a so…
Asarco sells its stake in MIM
In an attempt to reduce its debt, Asarco (NYSE) has sold its 15% stake in Australian-based MIM Holdings.The sale generated US$331.2 million, which will result in an after-tax gain of US$39 million (or…
SOUTHEAST ASIA SPECIAL — International Pursuit spans three nations
Toronto-listed International Pursuit (TSE) has interests in three separate countries in Southeast Asia, both directly and through ownership positions in three other companies.Pursuit is best known for…
AfriOre takes reins in Botswana
Having renegotiated the terms of its joint-venture agreement with Gencor, Toronto-based AfriOre (VSE) will now manage six diamond projects in South Africa and Botswana.AfriOre will have the right to e…
SOUTHEAST ASIA SPECIAL — Altai adds to property portfolio
Toronto-based Altai Resources (TSE) has added another gold project to its Philippine portfolio.The junior acquired the Bulan project, comprising 3,285 hectares in the province of Sorsogon, southern Lu…
ANNUAL REPORT REVIEW — Prime earnings climb during quarter
High gold and silver prices, combined with an increase in precious metals production, coalesced into a healthy first quarter for Prime Resources Group (TSE).Earnings for the period totalled $13.2 mill…
ANNUAL REPORT REVIEW — Ashton to bid for Crater of Diamonds
Ashton Mining of Canada (TSE) has entered into an agreement with Texas Star Resources (VSE) to bid for the development of the Crater of Diamonds lamproite in Arkansas.Ashton says the rock type that ho…
SOUTHEAST ASIA SPECIAL — VSE listing for Laverton
Newly listed Laverton Gold (VSE) is another Australian company actively exploring in Southeast Asia. The company has domestic mineral projects, however its main property, the Rawas gold project, is si…
SOUTHEAST ASIA SPECIAL — Yukon Gold starts work program at Buduk property in Kalimantan
In many tropical countries, the gold is where the miners are. Indeed, local, independent miners with hand tools and sluice boxes often pave the way for large-scale operations.Craft mining activity in …
SOUTHEAST ASIA SPECIAL — Quebec-based junior company targets Solomon Islands
The Solomon Islands are known more for their idyllic beaches and wartime history than for gold, more for copra than for copper.However, a small Quebec-based mining company expects to change that perce…
SOUTHEAST ASIA SPECIAL — Virginia Gold lands permit
Quebec explorer Virginia Gold Mines (ME) has signed an agreement with a private company to acquire the Lamprung property on the Indonesian island of Sumatra.The exploration permit, which covers 20 sq….