Rea Gold seeking another Mt. Hamilton
Rea Gold (TSE) is busy drilling at its Mt. Hamilton mine in eastern Nevada, and results are proving positive.The reverse-circulation program is testing the new Chester gold structure. Forty holes, tot…
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More holes drilled at Taylor Brook
The latest hole drilled on the Taylor Brook property of Stratabound Minerals (ASE) shows a wider, but weaker, mineralized zone.Hole 18, collared 100 metres east of hole 17, intersected a 42-metre zone…
Royal Oak acts to remedy low earnings
Washington state-based Royal Oak Mines (TSE) has responded to disappointing year-end results by announcing decisions aimed at increasing the profitability of its gold-mining operations.At the end of t…
Drill results hot at Hemlo’s Moyagee
The Moyagee gold property in Western Australia has quietly become one of the hottest prospects for Hemlo Gold (TSE).Hemlo and its Aussie partner, Perilya Mines, have been exploring the property since …
KWG preparing to drill Cuban property
Trenching on the Gaspar property in west-central Cuba is revealing a significant zone of gold mineralization.Four trenches have been excavated on the property, which is a 50-50 joint venture between K…
New zones found at Eskay
The newly discovered NEX and Hanging Wall zones at the Eskay Creek mine in northwestern British Columbia are estimated to contain a diluted geological resource of 227,000 tons grading 0.88 oz. gold an…
Globex Mining nabs Toronto listing
Rouyn-Noranda-based Globex Mining Enterprises is now listed for trading on the Toronto Stock Exchange.As a result of the listing, $2.2 million provided by five precious metals mutual funds (but put in…
NEWS ROUNDUP — Ten holes drilled at Horwood
The first phase of diamond drilling at the Horwood Twp. property of Morgain Minerals (VSE) is nearly finished, and the surface showing appears to persist as a zone of sub-economic gold mineralization …
Akiko and Gold Canyon dispute back-in right for Springpole project
Former joint-venture partners Akiko Gold Resources (VSE) and Gold Canyon Resources (VSE) are at odds over a back-in right on the Springpole gold project in northwestern Ontario.Akiko holds the right t…
NEWS ROUNDUP — Mispec learns ropes from Indonesians
Montreal-listed Mispec Resources and its Indonesian joint-venture partner, Hunamas Putra Interbuana, will receive training from the Research and Development Centre for Geotechnology of the Indonesian …
Minefinders hits gold at La Bolsa
Encouraging assays are reported from reverse-circulation drilling at the Bolsa property in Mexico’s Sonora state.Minefinders (VSE) says more than half of the 20 holes intersected mineralization gradin…
Rio gives nod to Smith Ranch mine
Stronger demand and better prices for uranium have prompted the U.S. subsidiary of Rio Algom (TSE) to proceed with development of its Smith Ranch uranium project in Wyoming’s Powder River basin.The pr…