Low commodity prices an obstacle for Rayrock
Rayrock Yellowknife Resources (RAY-T) reports both good news and bad news for the quarter ended March 31.The bad news is that the Toronto-based company incurred a loss from continuing operations of US…
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NEVADA AND THE WESTERN STATES — Homestake’s Ruby Hill cranking out low-cost gold
The Ruby Hill gold mine, at the southern end of Nevada’s Battle Mountain trend, is up and running, and contributing to Homestake Mining’s (HM-N) bottom line.The operation began pumping out low-cost ou…
Mar-West reports Honduran gold find
Hot on the heels of the company’s discovery of a gold deposit at the Cerro Blanco property in Guatemala, Mar-West Resources (MSR-V) has discovered a gold zone on the San Martin property in central Hon…
Teck eyes open-pit potential of San Nicolas
It was standing room only at Teck’s (TEK-T) recent annual meeting in Vancouver, with shareholders gathered for the announcement of preliminary minable reserve numbers for the San Nicolas polymetallic …
Mining Standards Task Force calls for licensure, tighter rules
The Mining Standards Task Force of the Toronto Stock Exchange (TSE) and the Ontario Securities Commission (OSC) has proposed the strictest disclosure rules for mining companies of any jurisdiction in …
Argentina Gold drills new gold target at Valedero
Argentina Gold (ARP-V) has drilled a promising gold-silver intersection within a new target area at its Valedero property in Argentina’s San Juan province.Hole 76 was collared on the southeastern flan…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — TNK plans Gope exploration
TNK Resources (TNKR-C) reports that a program of geophysics is about to begin at its Gope diamond project in Botswana.Surveys will be conducted over 37 targets previously identified by high-altitude a…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Nora adds to African holdings
Montreal-based Nora Exploration (NXI-M) has expanded its diamond exploration base in Africa by acquiring half-interests in two off-shore concessions in Namibia.The concessions, known as Block J and Bl…
Atapa uncovers new showing in Java
Geochemical sampling by Atapa Minerals (AML-M) has led to the discovery of a new gold-silver showing on the Cikotok-Cikidang project in southwestern Java, Indonesia.Dubbed Muara Tiga, the showing is a…
MINING MARKETS & INVESTMENT NEWS — Redfern raises more funds for mine development
Redfern Resources (RFR-T) has closed a private placement that raised $502,200 for the company’s Tulsequah Chief polymetallic project in northwestern British Columbia.The company has closed the deal fo…
NEVADA AND THE WESTERN STATES — International Taurus checks out Lyon copper property
As part of International Taurus Resources’ (ITS-V) new management focus, the company recently acquired the Lyon copper-magnetite project in Nevada, on which it is now performing due diligence.In mid-A…
NEVADA AND THE WESTERN STATES — Globex drills to expand potential of Tonkin Springs
Having acquired the Tonkin Springs gold project in February 1997, Globex Mining Enterprises (GMX-T) is now receiving positive results from an ongoing drill program on the past-producing Nevada propert…