News


Outcrops at Francisco Gold's Marlin project in Guatemala show strong argillic alteration.

FPO Francisco advances El Sauzal deposit

Benefitting from a $32-million treasury, Francisco Gold (FGX-V) is completing a final feasibility study on its 3 million-oz. El Sauzal gold deposit in Mexico, while, in Guatemala, it continues to expl…


Orvana resumes Don Mario development

Two years after being forced to shelve it, Orvana Minerals (ORV-T) has raised enough funds to advance its small but high-grade Don Mario gold-silver deposit.In the heyday of 1996, Orvana added the Bol…


Major General plans diamond spinoff

With 42.1 million shares currently issued, Major General Resources (MGJ-V) intends to spin off its diamond properties into a new company and undergo a 3-for-1 stock rollback.Shareholders of Major Gene…


Poste Lemoyne bears gold (February 11, 2002)

Preliminary drilling by partners Virgina Gold Mines (VIA-T) and privately owned TGW has deepened a surface showing at the Poste Lemoyne property in the James Bay area of Quebec.The Orfee zone has been…


Producers rise as gold nears US$300-per-oz. level

Gold staged a strong comeback over the Jan. 30-Feb. 5 report period, rising $16.50 in London markets to finish at US$297.45 per oz. on the morning of Feb. 6.Canada’s major producers also rose with the…


Silver Standard teams with GoldOre Resources

An option agreement with Gold-Ore Resources (GOZ-V) sets the stage for Silver Standard Resources (SSO-V) to extend its search for bulk-minable silver deposits to include Mexico’s Sinaloa state.Silver …


Partners renew Sapawe drilling (February 11, 2002)

Partners Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) have kick-started a winter exploration program at their Sapawe polymetallic project in northwestern Ontario.The program, which includ…


Barrick’s 2001 post-merger output on target

Barrick Gold (ABX-T) met its 2001 production target with output of 6.1 million oz. gold at US$162 per oz.The world’s biggest gold miner in terms of market capitalization, which recently merged with Ho…



Gammon looks to Bolnisi at Ocampo

Gammon Lake Resources (GAM-T) has found an operator for its proposed Ocampo gold-silver mine in Mexico’s Chihuahua State.In a preliminary deal, Australian-listed junior producer Bolnisi Gold will earn…


Little change in US markets

Both major U.S. market indices were little-changed over the report period Jan. 30-Feb. 5, with the Dow Jones industrial average closing 67.19 points higher at 9,685.43, and the Standard & Poor’s 500 f…


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