News


Vista unwinds hedge to improve cash position

Vista Gold (VGZ-X) has improved its cash flow by unwinding its gold hedge and suspending mining operations at the Hycroft gold mine in Nevada.The company liquidated its hedging position, which had cov…


DIAMOND NEWS ROUNDUP — New discovery in Sweden

Vancouver-based Poplar Resources (PPX-V) has signed an agreement with two prospectors who are reported to have made the first-ever diamond discovery in Sweden.The diamonds were found in a till boulder…





Westmin expects another reserve boost at Fortuna

Ongoing drilling by Westmin Resources (WMI-T) is expected to boost reserves at the company’s wholly owned Fortuna de Cobre copper project in Chile.Westmin says the latest results indicate that the For…


CORRECTION (January 19, 1998)

A recent drill hole returned 11.33% lead and 7.7% zinc over 6.43 metres at the Esker project in the Northwest Territories, reports Rhonda Mining (rdm-a). Incorrect information appeared in our issue of…


Darnley Bay defining targets

Newly listed Darnley Bay Resources (DBL-V) is continuing to refine drill targets at its namesake project in the Northwest Territories.The program is focused on testing what is thought to be the strong…


Cyprus to farm in at Frieda River project in PNG

Cyprus Amax Minerals (CYM-N) has entered into a Heads of Agreement with Australia’s Highlands Pacific to acquire a 75% interest in the large Frieda River copper-gold project in the mountains of Papua …


Wyoming to begin mapping program

The Wyoming State Geological Society (WSGS) will begin mapping the geology of the Granite Mountains, where a large-tonnage, low-grade gold deposit was discovered in 1982.The 3-year project, which will…


Verena acquires Brazilan project

Toronto-based Verena Minerals (VMCO-C) has acquired 100% of a past-producing mineral project in the Brazilian state of Rio Grande do Norte.The Bonfim property was an underground scheelite mine that be…


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