Dayton Mining posts first-quarter results
In its first three months of operation, the Andacollo open-pit, heap-leach mine in Chile produced 22,159 oz. gold at a cash cost of US$163 per oz. Owner Dayton Mining (TSE) recorded an income of $495,…
News
Viceroy Res. adds to its treasury
Viceroy Resources (TSE) has agreed to sell 3.3 million special warrants to a group of underwriters at $8.65 each. The financing deal is subject to completion of a proposed merger with Loki Gold (TSE) …
NEWS IN BRIEF (May 27, 1996)
Conquest Exploration (CQX: VSE) has changed its name to International Conquest Exploration (ICX:VSE) on a 1-new-for-3-old-share basis.
ANNUAL REPORT REVIEW — Metallica options Los Choros copper-gold project in Chile
Toronto-listed Metallica Resources (TSE) has entered into a joint venture with a private Chilean company to explore and possibly develop the Los Choros copper-gold property in north-central Chile.The …
ANNUAL REPORT REVIEW — NEWS ROUNDUP — Goldnev, Starcore plan Niatak work
Partners Goldnev Resources (VSE) and Starcore Resources (VSE) will resume work on their Niatak Island property, 40 km east of the Voisey’s Bay nickel-copper-cobalt discovery in Labrador.The companies …
ANNUAL REPORT REVIEW — Prime earnings climb during quarter
High gold and silver prices, combined with an increase in precious metals production, coalesced into a healthy first quarter for Prime Resources Group (TSE).Earnings for the period totalled $13.2 mill…
ANNUAL REPORT REVIEW — NEWS ROUNDUP — Nu-Apex spins drills in Nevada
Drilling is in progress on the Dun project in Esmeralda Cty., Nev.Nu-Apex Energy (VSE) plans to drill 20-25 short vertical holes to test several large areas anomalous in gold, silver, arsenic and anti…
ANNUAL REPORT REVIEW — Ashton to bid for Crater of Diamonds
Ashton Mining of Canada (TSE) has entered into an agreement with Texas Star Resources (VSE) to bid for the development of the Crater of Diamonds lamproite in Arkansas.Ashton says the rock type that ho…
SOUTHEAST ASIA SPECIAL — First Dynasty, partner envisage mining powerhouse
Indonesia’s state-owned mining company and the Friedland family’s First Dynasty Mines (TSE) will join forces to create a mining powerhouse, starting with the privatization of the Gunung Pongkor gold m…
SOUTHEAST ASIA SPECIAL — VSE listing for Laverton
Newly listed Laverton Gold (VSE) is another Australian company actively exploring in Southeast Asia. The company has domestic mineral projects, however its main property, the Rawas gold project, is si…
SOUTHEAST ASIA SPECIAL — Yukon Gold starts work program at Buduk property in Kalimantan
In many tropical countries, the gold is where the miners are. Indeed, local, independent miners with hand tools and sluice boxes often pave the way for large-scale operations.Craft mining activity in …
Eastmain boosts stake in Clearwater
An agreement with Westmin Resources (TSE) has allowed Eastmain Resources (CDN) to boost its stake in the Clearwater gold deposit in northern Quebec.The project hosts a 270,000-tonne deposit grading 6….