COMMENTARY — Lake Superior iron ore marks 150th
A year-long celebration has begun, marking the 150th anniversary of the discovery of iron ore in the Lake Superior region. Transportation, construction, industry, communications, national defence and …
News
World Wide drilling Nevada gold property
A 15,000-ft. rotary drill program has begun on World Wide Minerals’ (TSE) Easter gold project, 110 miles northeast of Las Vegas, Nevada. The property, which adjoins a major past producer, contains a p…
Brunswick turns quarterly profit
Favorable exchange rates, improved lead prices and positive adjustments to year-end inventories more than offset weaker prices for zinc and copper, enabling Brunswick Mining and Smelting (TSE) to earn…
Uranium Res. signs $US22m contract
Dallas-based Uranium Resources (TSE) and its wholly owned subsidiary, URI, have signed a long-term contract to supply 1.3 million lb. of uranium oxide to a major U.S. electric utility. The contract, w…
NEWS ROUNDUP — Manson buys Venezuelan ground
Calgary, Alta.-based Manson Creek Resources (TSE) will buy the Oroturba gold concession in Bolivar state, Venezuela. The 500-hectare property includes both alluvial and lode rights and has never been …
NovaGold negotiates for 3 concessions
Negotiations allowing NovaGold Resources (TSE) to acquire three Venezuelan mineral concessions are entering the final stages. The concessions — Halifax 1, 2 and 3 — comprise 8,894 acres in the Kilom…
Golden Kristy forms venture in Vietnam
An extended agreement has been reached between Golden Kristy Resources (VSE) and a company owned by the Vietnam Defence Ministry. The two have agreed to form a new company to explore regions in Vietna…
Pangea options more ground near Musselwhite
CDN-listed Pangea Goldfields has acquired rights to a second property contiguous with Placer Dome’s (TSE) Musselwhite gold property in northwestern Ontario. In addition to the 55 claims north of Musse…
Lenora concludes private placement
Junior Greater Lenora Resources (TSE) has completed a private placement of 2.9 million special warrants valued at $2.55 each for gross proceeds of more than $6.5 million. Each special warrant allows t…
Chesbar, VenCan intensify exploration
Exploration work is intensifying on La Salle, a gold property in Venezuela. Having already trenched one anomaly, partners Chesbar Resources (ME) and VenCan Gold (ME) have announced results from trench…
Expansion plans for Spanish smelter
A subsidary of Freeport-McMoRan Copper & Gold (NYSE) will spend US$215 million on environmental modifications and further expansion of its copper smelter in Huelva, Spain. Expansion of the smelter to …
Mutual options West African project
VSE-listed Mutual Resources is planning a surface exploration program for its newly optioned gold concession in Burkina Faso, West Africa. The company recently entered an option agreement with Comidok…