News

Rosia Montana more than ‘marginal’

Your Aug. 20-26 issue contained two interesting front-page articles — one covering the Gabriel Resources’ feasibility study for the Rosia Montana gold project in Romania, and the other covering Glami…


Eagle River lifts River Gold off ground

With higher-grade development ore coming from the no. 6 zone at the Eagle River mine, 50 km west of Wawa, Ont., River Gold Mines (RIV-T) managed to climb back into the black during the second quarter….



Sons of Gwalia bids for Teck’s PacMin

Sons of Gwalia (SGW) has tabled a takeover bid for fellow Aussie gold miner PacMin Mining, an 80% controlled subsidiary of Teck (TEK-T).Gwalia is offering five of its own shares for every 28 PacMin sh…


El Salvador updates law

Denver — A series of revisions to the mining law offers to make exploration in El Salvador cheaper and easier.The principal change is that the net smelter royalty is cut in half, to 2%, bringing the …


Cortez expands Crossroads

Denver — Infill drilling at the Crossroads deposit in central Nevada has returned significant, albeit deep, mineralization for the Cortez joint venture. The project is part of the Pipeline complex.Pl…


Int’l Annax expands mineralization

Vancouver — International Annax Ventures (IAX-V) continues to pull encouraging values of sedimentary exhalative zinc-lead mineralization north of its Anjing Hitam deposit in North Sumatra, Indonesia….


Falco eyes Vulcan’s Labrador prospect

Falconbridge (FL-T) has entered into an agreement with St. John’s, Nfld.-based Vulcan Minerals (VUL-V) to earn up to a 65% interest in a nickel sulphide prospect some 50 km northwest of the Voisey’s B…


Normandy, TVX clean up balance sheets

Writedowns on non-performing assets have left Normandy Mining (NDY-T) with a significant quarterly loss, with affiliate TVX Gold (TVX-T) incurring a smaller loss as it brings its balance sheet back to…



For services rendered

I was introduced to Frederick William Wink at his home, overlooking the Beach Grove Golf Course in Tsawwassen, B.C. Like most of us in the resource industry, I had heard of the famous Winkie portable …



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