News

More than 54 million shares of Bre-X crossed the trading floor as investors continued to bail outBase metal companies rolled with the punches over the report period ended April 8, as U.S. interest rat…

Though bad ground hindered the first phase of drilling on the Virgen gold property in north-Central Peru, assay results reveal potential for a low-grade, bulk-Tonnage deposit.Gitennes Exploration (GIT…

Junior Ecstall Mining (EAM-V) has entered into the Alberta diamond rush by staking 1.4 million acres of prospective ground in the south-Central part of the province.The Vancouver-based company intends…

Drilling is set to begin on the LA 1-25 claims at the Doyle Lake project in the Northwest Territories.Under an option agreement, Monopros, the Canadian exploration arm of De Beers Consolidated Mines (…

Mining in Canada is important to local communities, particularly those in remote regions. Employment opportunities in the mining industry provide local economies with substantial and often essential e…

Based on preliminary geological modelling of four pipes, the Diavik project in the Lac de Gras area of the Northwest Territories is estimated to contain resources of 36 million tonnes of kimberlite, d…

Several large stones were part of the latest production haul at Hymex Diamond’s (HMD-V) alluvial operations in Guinea, West Africa.For the month of March, the company recovered 5,511 stones weighing a…

In ongoing drilling, Greenshield Resources (GSR-M) has uncovered two gold zones at the Urban property, 185 km northeast of Val d’Or, Que.The junior is earning a half interest in the property from Moss…

To finance its Peruvian projects, Oroperu Resources (OROP-C) has raised $8.7 million in a private placement.The placement, which was brokered by Yorkton Securities, consisted of 4 million special warr…