News

By moving to acquire the Champion property in New Mexico, Summo Minerals (VSE) hopes to gain a third copper oxide project. The project, situated in Taos Cty., contains a copper oxide resource estimate…

A 58-hole drill program has wound down at the Red Chris porphyry copper-gold deposit in northwestern British Columbia. American Bullion Minerals (VSE) holds an 80% interest in the project, while Teck …

A 5,000-ft. drilling program is planned for the Chassignole gold property in La Pause Twp. in northwestern Quebec. Gilles Fiset, president of Loubel Exploration (ME), says trenching and sampling durin…

A $3.2-million flow-through financing will allow Lithos (ME) to dewater the Wrightbar mine property near Val d’Or, Que., and extract a bulk sample of about 10,000 tons. Lithos, created through the mer…

The proposed McDonald gold mine in Montana has moved one step closer to reality. Partners Phelps Dodge Mining and Canyon Resources (NASDAQ), which own 72.25% and 27.5% respectively, have filed a plan …

Habsburg Resources (HAB:VSE) has changed its name to Dome Mountain Resources (DMR:VSE) on a share-for-share basis.

Diamond drilling and underground development at Antares Mining and Exploration’s (TSE) Lady Lina gold property in Zimbabwe continue to yield favorable results. The company’s efforts have focused on th…

The mining industry in Russia has benefited from a recent increase in investments. The Australian company Star Technology Systems plans to spend US$250 million by 1999 on the Sukhoy Log project, which…

Week’s Price (US) Change Gold* $384.50 – $1.00 Silver* $5.17 – $0.02 Platinum* $410.50 – $3.90 Nickel** $3.44 – $0.06 Lead** $0.30 – $0.01 Copper $1.26 – $0.04 Zinc $0.52 – $0.02 Courtesy of Scotiaban…

The Toronto Stock Exchange (TSE) took another beating this week, as nervous investors dumped their shares in favor of higher interest-bearing investments, such as bonds. This exit from the equity mark…

The Vancouver Stock Exchange composite and resource indexes continue to reach new lows for the year. For the report period ended Nov. 22, the composite index dropped 32.22 points to close at 762.98. T…

An aggressive $5.5-million program has resulted in the discovery of new zones of gold mineralization at the Golden Bear mine property in northwestern British Columbia. The 35,200-hectare property, own…