News

THE DIAMOND PAGE — White Swan Res. lands in Africa

Saskatchewan-based White Swan Resources (WSL-A) has found a new habitat in Sierra Leone, West Africa.By acquiring an 85% interest in three companies based in the country, the company has secured a 1,6…



Greenstone secures Bonanza

Greenstone Resources (GRE-T) will boost to 100% from 80% its interest in the private Nicaraguan corporation Hemco-Nicaragua.Hemco-Nicaragua owns the Bonanza, Siuna and Rosita mining concessions, all o…




American Gem loses big in quarter

Sales of sapphires mined by American Gem (GEM-T) were not sufficient to offset losses incurred in the second quarter.American Gem lost US$1.75 million in the 3-month period ended June 30 (or US6 cents…


Asquith finds gold, plans drilling

Soil sampling on Asquith Resources’ (ASQH-C) Roandji property in the Central African Republic has identified a large gold anomaly.Two percussion drills operating on the Agoudou Manga prospect outlined…


Goldstake hits gold at Java property

Gold found in chip samples taken from its property in Java, Indonesia, was sufficient to triple the share price of Goldstake Explorations (GXP-T) last week.The shares jumped to $3.55 from $2.37 on Sep…


Nuinsco hits pay dirt in Rainy River

A drill hole at the Rainy River, Ont., project of Nuinsco Resources (NWI-T) has revealed an intercept of significant gold mineralization.Hole NR96-45, drilled near the centre of the 17 zone, produced …


James takes helm at Inmet Mining

If William James lives up to his reputation as savior of struggling Canadian mining companies, Inmet Mining (IMN-T) may finally succeed in fulfilling shareholders’ expectations.The board of Inmet has …


Milagro and Geomaque to merge

Milagro Minerals (MLG-V) and Geomaque Explorations (GEO-T) have agreed to merge their operations.Milagro shareholders will receive one Geomaque share for every four shares of Milagro held. On completi…


Hecla inks deal with Santa Fe for Rosebud

Hecla Mining (HL-N) and Santa Fe Pacific Gold (GLD-N) will develop the Rosebud gold-silver deposit, 50 miles west of Winnemucca, Nev.Under a 50-50 joint-venture agreement, Hecla will operate the high-…


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