In May 1996, Ego Resources (EGO-T) produced 14,700 lb. of cobalt, up from 7,600 lb. in April. At current spot prices, May’s production had a market value of about US$400,000.The company’s Cobatec coba…
A combination of favorable features — widespread alluvial gold, the presence of numerous small mines, and reports of secondary copper mineralization — have lured Samex Mining (SXG-V) to the Santa Is…
With results from four drill holes in hand, Nebex Resources (NBX-A) has confirmed the presence of massive sulphides at its Mirdita concession in northern Albania.The drilling shows that the mineralize…
An agreement with a Chilean individual sets the stage for Yuma Gold Mines (YUM-V) to acquire the Sierra Miranda copper mine, 50 km northeast of Antofagasta.The mine was previously owned by a unit of A…
A 10-hole diamond drill program is about to start at El Valle, a 93-hectare concession acquired by Procoloro Resources (PCH-M) in Colombia.The property adjoins La Arenosa, an advanced property with a …
As the price of gold tumbled to its lowest level in 15 months, a widespread selloff of junior mining stocks hampered western markets over the report period ended June 11.The Vancouver Stock Exchange c…
A lawsuit regarding the overstaking of claims near Midas, Nev., has been resolved.Under the terms of the settlement, the Midas joint venture, a 50-50 partnership between Franco-Nevada Mining (FN-T) an…
People connected with open-pit mining are familiar with the Bucyrus-Erie Corporation (B-E) as the builders of the world’s largest shovels and draglines.In the 1930s, B-E manufactured a line of low-wei…
Partners American Bullion Minerals (ABP-T) and Teck (TEK-T) are reviewing a scaled-down version of their prefeasibility study of the Red Chris copper-gold project in northwestern British Columbia.Teck…
In some gold camps, the old miners are the stuff of legend. In the Brazilian interior, the “old miners” live down the road and have young families. And now they are being joined by mining companies th…
With Hemlo just down the road, any mine would look small by comparison. But the Eagle River gold mine of River Gold Mines (RIV-T) ranks high in every other respect.The Northern Miner joined a large ga…
Processing of part of a 100-tonne bulk sample from the 5034 kimberlite at the AK property in the Northwest Territories has yielded mixed results.The 24.6-tonne portion was found to contain a grade of …
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