News


Hemlo posts earnings, makes exploration plans

Toronto-based Hemlo Gold Mines (TSE) made more money last year than at any other time in its 8-year life. The gold-producer boosted earnings by 40% over the previous year to $64.5 million (or 67 cents…


Emerald Isle and Stralak plan garnet production

VSE-listed Emerald Isle Resources and Stralak Resources have announced production plans for their high-grade almandine garnet project in Street Twp., about 24 miles from Sudbury, Ont. An all-weather r…


NEWS ROUNDUP — Ariel to build pilot plant

Faced with substantial quantities of lower-grade oxidized ore on its Costa Rican gold properties, Ariel Resources (TSE) has decided to construct a 150-ton-per-day pilot plant. A patented flow vat-leac…


Future of B.C. exploration in question

A much discussed topic at the 12th Annual Cordilleran Geology and Exploration Roundup was the role played by junior companies and by the Vancouver Stock Exchange in the discovery and development proce…


Dentonia eyes Mongolian interest

Under an agreement with Mongolrostsvetmet, a Mongolian-Russian joint venture, Dentonia Resources (VSE) can earn an initial 70% interest in the Asgat silver-copper property by placing it in production….



Hemlo drilling Timmins area play

Project operator Hemlo Gold Mines’ (TSE) has resumed drilling on the Sewell-Reeves gold property southwest of Timmins, Ont. The property covers a 22-km-long portion of the Destor Porcupine fault zone …


High River options HudBay properties

Toronto-listed High River Gold Mines can acquire gold and silver production rights from certain properties in Manitoba held by Hudson Bay Mining & Smelting (TSE). The agreement covers 17 properties ad…


BHP, partner hit red metal

Two joint-venture partners — American Resource (NASDAQ) and a subsidiary of BHP Minerals — encountered copper mineralization in two drill holes on their Agua Rica project in Argentina. The drilling …


Ego near startup of Cobatec facility

The Cobatec cobalt recovery plant, near Cobalt, Ont., is scheduled to enter production this month, with the first shipment scheduled for March. The hydrometallurgical facility, which cost owner Ego Re…



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