Cordex inks deal with Cathedral
Cordex Exploration has signed an agreement with Cathedral Gold (CAT-T) to option the 75 North gold property in the Battle Mountain trend of Nevada.Cordex can earn a 65% interest in the 2,100-acre prop…
News
NDT Ventures drills near Nain
Drills are now turning on the outskirts of Nain, Labrador.The first of 15 holes to be drilled by NDT Ventures (NDE-V) on its Project 44 joint venture with Takla Star Resources (TKR-A) was started last…
Newmont, Sumitomo ink Batu Hijau deal
Newmont Gold (NGC-N) and Japan-based Sumitomo have reached an agreement to develop jointly the Batu Hijau copper-gold deposit on the Indonesian island of Sumbawa.Newmont will hold a 45% interest, havi…
Rio, Inmet bid for Peruvian play
Despite the recent decline in copper prices, Rio Algom (ROM-T) and Inmet Mining (IMN-T) have joined forces to bid for a large, high-grade copper prospect in the Peruvian Andes.The Antamina property, 4…
Drilling firms up Guadalupe de los Reyes
The latest round of drilling by Northern Crown Mines (NCW-V) has returned the highest-grade intercepts encountered to date at the Guadalupe de los Reyes property in northeastern Sinaloa state, Mexico….
Arauco to take over Back River
Homestake Canada, the Canadian unit of Homestake Mining (HM-N), and its joint-venture partners, Kerr McGee and the Maclab group, have granted Arauco Resources (ARU-V) an exclusive 45-day option to buy…
Drilling cuts gold at San Antonio
The first five holes drilled on the San Antonio prospect at the Minoro project in Honduras encountered multiple intervals of gold mineralization in two separate limestone beds.Selected intervals inclu…
ODDS’N’SODS — The Year of the Bear
In 1939, when the foliage was just starting to turn color in Timmins, Ont., Danny O’Reardon invited Lou Romauldi and me for a weekend of fishing for whitefish.We were to drive to the destination, whic…
EDITORIAL PAGE — A vicious circle
The lawsuit filed by Exdiam against Diamond Fields Resources and various other parties has stalled the proposed takeover of Diamond Fields by Inco.Whatever its merits, the case is being taken seriousl…
Eldorado, Gencor pursue interest in Dominican mine
After closing an equity-for-asset transaction with Gencor, one of South Africa’s premier mining houses, Eldorado Gold (ELD-T) has entered into a 50-50 joint venture with the mining giant to pursue an …
COMMENTARY — The healing power of gold
Although the unique qualities of gold are helping people live longer and more productive lives, the medicinal qualities of the yellow metal have been acknowledged for centuries.In medieval Europe, alc…
Cominco tops at B.C. competition
British Columbia’s provincial mine rescue and first-aid competition was held recently in Prince George.Among the winners were Fording Coal’s Greenhills operation (in the surface category), Cominco’s S…