Barrick drilling Walsh Lake
Drilling by Barrick Gold (TSE) is in progress on Nebex Resources’ (ASE) 75%-owned Walsh Lake gold project in Yellowknife, N.W.T. The senior gold producer is using two drills to follow up on induced-po…
News
Slide at Twin Creeks gold mine in Nevada
A slide in a section of pit wall at the Twin Creeks mine near Winnemucca, Nev., is expected to reduce gold production this year. Owner Santa Fe Pacific Gold (NYSE) reports that the slide brought down …
MINING IN AFRICA SPECIAL — Eden Roc looking to boost
Five diamond drills are back at work following a break for the holidays on a gold property operated by Eden Roc Mineral (TSE) in Ivory Coast. The junior is 51.6% controlled by Marshall Minerals (ASE),…
INSIDER TRADING — Goldcorp execs exercise options, sell
Two senior officers of Goldcorp (TSE) exercised options and sold shares in December. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Catherine David-Nolan exercised 15,00…
EDITORIAL PAGE — Capitalism in Africa
Aristotle hit the nail squarely on the head, sometime back in the third century BC, when he called poverty “the parent of revolution and crime.” The states likely to be well administered, he noted, ar…
MINING IN AFRICA SPECIAL — Niger seeks to diversify mining
The African nation of Niger (not to be confused with Nigeria) is a landlocked country south of the Sahara Desert. The mining industry plays an important role in the economy, largely because of importa…
Drilling at Copper Mountain
Initial drilling on the Copper Mountain property near Mina, Nev., has returned several oxide copper intersections. Mina Resources, an affiliate of TSE-listed Quest Capital (formerly Noramco Mining), c…
MINING IN AFRICA SPECIAL — Mincor in production at
Management of Mincor Resources of Rouyn-Noranda, Que., is hoping this year to boost the annual rate of production at its Monarch gold mine in Mozambique to 25,000 oz. The company, created recently thr…
NovaGold reworks subsidiary’s loan
An agreement-in-principal calls for the restructuring of an outstanding loan of $1.9 million owed by a wholly owned subsidiary of Nova Gold Resources (TSE). The loan was incurred by Murray Brook Resou…
Sterling Pacific drills Nevada play
Junior Sterling Pacific Resources (VSE) is drill-testing four anomalies on its newly acquired Monarch-Zim gold properties near Reno, Nev. Besides the 10-hole program of 2,500 ft. now under way, Sterli…
Atlin gold camp geology studied
A 48-page study published by the Geological Survey Branch of the British Columbia Ministry of Energy, Mines and Petroleum Resources describes the geology of a large portion of the Atlin gold camp. Bul…
MINING IN AFRICA SPECIAL — Diamond deposits on W. African,
West Africa’s diamond potential was among the topics discussed at a recent symposium in Toronto titled “The geology and mineral deposits of the Guianan-West African Shield.” Sponsored by the Universit…