News


Rea producing at Mt. Hamilton

The Mt. Hamilton mine near Ely, Nev., yielded 2,700 oz. gold in February, its first month of commercial production. The open-pit, heap-leach operation is within the Battle Mountain trend and is owned …



More gold for Murgor

The remaining seven holes of the first-phase drill program on the Barry Twp. property in northwestern Quebec have intersected gold mineralization. This raises to 11 the number of intersections reporte…


Nebex options two Albanian properties

Alberta-listed Nebex Resources will earn interests in two polymetallic concessions in Albania. The Calgary-based junior chose to work in the European country because of the abundance of natural resour…


Financing in place for Nixon Fork

For its Nixon Fork gold project in Alaska, Consolidated Nevada Goldfields (TSE) has completed US$1.5 million in bridge financing as a 60-day cash loan from Citibank Australia. The loan will be used pa…


NASDAQ proposes trading changes

Amid criticism that its current trading system is unfair, the National Association of Securities Dealers in the U.S. has proposed changes to the NASDAQ stock markets, changes which the group says woul…


Tiomin, partner to work Natashquan

A Saudi Arabian industrial company, in conjunction with Tiomin Resources (ME), plans to develop the Natashquan heavy mineral sands project, on the north shore of the Gulf of St. Lawrence. Based on a p…


Metallica buys Colombian companies

CDN-listed Metallica Resources has bought into two Colombian mining companies. The Canadian junior will pay US$200,000 and issue 150,000 common shares to purchase all outstanding shares of Guavita and…


Correction (March 27, 1995)

The Logjam Creek property of Regional Resources (TSE), situated along the British Columbia-Yukon border, contains reserves of 330 million tonnes grading 0.095% tungsten and 0.045% molybdenite, not 0.4…




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