NEWS ROUNDUP — Glimmer ends talks with Dragon
Discussions have ended between two Vancouver-listed juniors regarding financing for the Hislop Twp. gold property in northeastern Ontario,The property is owned by Glimmer Resources.According to Glimme…
News
Antares trenching at Lady Lina
Trenching on the Lady Lina gold property in Zimbabwe has uncovered oxide mineralization over a strike length of 110 metres.Antares Mining & Exploration (TSE) completed five trenches in an effort to te…
Cathedral to drill-test Guyanese gold prospect
Drilling will test a northwest-trending structure on the Tallman property in Guyana.Cathedral Gold (TSE) can earn a 90% interest in the property, which is 5 miles from the company’s Hicks project.In a…
Investment funds still eye metals, CRU commodity study reveals
The investment funds that piled into aluminum, copper and other metals between late 1993 and early 1995 are here to stay, according to a study by CRU International, a business consultant in metals and…
Eagle River soars to summer startup
Preproduction development is bringing the Eagle River gold deposit closer to production.Situated some 50 km west of Wawa, Ont., the property is wholly owned by River Gold Mines (TSE). Gold production …
Five B.C. mines win reclamation awards
Five British Columbia mines were presented with awards for outstanding achievement in mine reclamation programs at the 19th annual mine reclamation symposium held recently in Dawson Creek.The top spot…
Queenstake options Kazakh copper projects
Toronto-listed Queenstake Resources can acquire an interest in several oxide copper projects in Kazakhstan.Queenstake can acquire a 100% interest in Resource Development Kazakh (RDK), a Colorado limit…
China takes steps to bring order to tungsten market
China is taking steps to bring some order to its tungsten industry.The country is reported to have halted mining in order to crack down on smuggling and to prevent prices from falling.In particular, a…
Virginia, Diabior work Quebec properties
Two Montreal-listed juniors, Virginia Gold Mines and Explorations Diabior, are busily engaged in northern Quebec.The companies have concluded two option agreements with Soquem on the Eastmain Ouest an…
Summo sums ups Lisbon reserves
The reserves minable by open-pit methods at the Lisbon Valley copper project in Utah have increased to 42.6 million tons grading 0.43% copper. The overall stripping ratio is about 2.2-to-1.Summo Miner…
Greenstone busy in Latin America
Southern-oriented Greenstone Resources (TSE) predicts that, within the next few years, it will be operating three Latin American gold mines. What’s more, each mine will have reserves in excess of 1 mi…
ODDS’N’SODS — Feeling no pain in Red Lake, Ont.
Prospector Sandy McIntyre discovered and staked the McIntyre Porcupine mine in Timmins, Ont., in 1909. Seventeen years later, he joined the Red Lake gold rush, entering town on snowshoes from the rail…