News

Colin Benner appointed president and chief operating officer.

Andrew Buxton appointed director.

Privately-owned Gem River will soon be mining sapphires commercially at its Dry Cottonwood Creek property in Montana. Last year, the company carried out a testing program and hired engineering consult…

Industrial minerals company Global Stone (TSE) acquired a 10-year lease on virtually all the assets of Detroit Lime Co. in Michigan. Global paid a US$5-million security deposit and acquired inventorie…

The Wayside property near Gold Bridge in southern British Columbia will soon undergo diamond drilling. International Wayside Gold Mines (VSE) will carry out a 2,500-ft. program in an effort to test th…

At its Nixon Fork project in west-central Alaska, Consolidated Nevada Goldfields (TSE) has identified six new areas of mineralization and expanded minable reserves by 29,730 oz. gold (a 22% increase)….

The outstanding issues hindering development of the Lihir gold deposit in Papua New Guinea (PNG) are being resolved, according to 20% participant Niugini Mining. Nuigini is held about 56% by Battle Mo…

The owner of Diamond Indicator Processing, Roy Saukko, died unexpectedly at his residence in Thunder Bay, Ont. He was 59. Saukko was born in Toronto and later attended the University of Toronto. He wa…

Kenneth Baird appointed president and chief executive officer.

Two directors of Manhattan Minerals (TSE) bought and sold shares in October and November. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director Peter Tegart sold 6…

An option to earn a 60% interest in 18 claims adjoining ground where Murgor Resources (VSE) made a gold discovery has been acquired by Freewest Resources Canada (TSE). Freewest can earn the interest f…

Junior companies VenCan Gold (ME) and Chesbar Resources (ME) have signed an agreement relating to their gold exploration joint venture in Venezuela’s Bolivar state. The agreement, which is still subje…