News

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…

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…

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…

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…

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…

New high-grade zinc assays are cause for excitement for Solitario Resources (TSE) at its Bongara zinc project in northern Peru. The project is in an advanced stage, and exploration continues to increa…

Expanding its presence in South America, Consolidated Madison Holdings (VSE) has been able to joint-venture four of its properties. The junior owns or has under option five properties in each of Brazi…

A follow-up program of reverse-circulation drilling is assessing the bulk-tonnage potential of gold mineralization on the San Antonio property in Mexico’s Sonora state. Owner Laminco Resources (TSE) r…

What is happening to those nice Canadians? We used to be famous around the world as the kind and gentle nation that knew its place in the bigger scheme of things. And as the media pundits see it, we’v…

A dramatic increase in the resource base of the Colorada gold mine has prompted owner Eldorado (TSE) to project a rise in output to 100,000 oz. by 1998. Situated in Mexico’s Sonora state, the open-pit…

Junior company First Western Minerals (VSE) has acquired a 49% interest in a gold project within the Mazaruni-Potaro district of northern Guyana. The project covers a prospecting licence, known as the…

The Canadian Institute of Mining, Metallurgy and Petroleum is hosting a talk on mining opportunities in Vietnam at a noon luncheon on March 31. Jed Dagenais, vice president and senior mining consultan…