News

An option agreement sets the stage for Diamond Fields Resources (VSE) to become the first Canadian company to acquire mining assets in South Africa since a new constitution was approved in that countr…

Allegheny Mines (ASE) has optioned two gold prospects, thereby adding to its properties near Atikokan, Ont. The Olcott and Eagle properties were optioned for cash payments of $85,000 and $10,000 each …

A new gold zone has been outlined on the Amalgamated Kirkland property in Kirkland Lake, Ont. The discovery, known as the Cyprus zone, was made during a drilling program by Cyprus Canada, a unit of Cy…

For the Toronto Stock Exchange, it has been a year when records of all sorts have given way to new benchmarks. But, alas, the week just past was not a record-breaking one — in the resource sector at …

A new target has been established at La Trinidad, a gold project in the West Mexican state of Sinaloa. Eldorado (TSE) is conducting the work and can earn a 51% interest from Almaden Resources (VSE) by…

The major uses of rhenium are in petroleum-reforming catalysts and in high-temperature superalloys used in jet engine components. The U.S. Bureau of Mines reports that rhenium is used in petroleum-ref…

Western markets continued to churn over the report period ended Nov. 23, with the Vancouver Stock Exchange resource index posting a 2.23-point gain to 1,526.16. The composite index lost ground, slippi…

Shareholders of Cyprus Minerals (NYSE) and Amax (NYSE) have voted in favor of a merger. The new corporation is called Cyprus Amax Minerals Co. It becomes the second-largest copper producer in the U.S….

The first four holes of a 15-hole reverse circulation program at the Pederson (formerly San Bernardino) project in Bolivia returned assays in line with surface and underground sampling. Orvana Mineral…

The exploration unit of Hudson Bay Mining & Smelting (TSE) has optioned a copper property in northern Saskatchewan from Copperquest (CDN). Previous work at the Knife Lake property outlined a zone of m…

Limited production has resumed at the Myra Falls base metals mine near Campbell River, B.C. Westmin Resources (TSE) suspended production earlier this year because of a labor dispute which is still ong…

Montreal-listed Orex Exploration (ME) has completed a financing agreement which will garner it $400,000. The company, based in Rouyn-Noranda, Que., will issue a million common shares and a million flo…