News

The Geological Survey of Canada (GSC) has released kimberlite indicator mineral data for the Canadian prairie region. According to R.G. Garrett, co-ordinator of the survey, the results confirm that lo…

One patented and 25 unpatented claims near Virginia City, Mont., have been acquired by Taylor Rand (CDN) from privately owned Valley View Mining. The price: US$75,000. Taylor now holds 127 contiguous …

This year marks the 40th anniversary of what was, at the outset, one of the best-kept secrets in Canadian mining history — the discovery of base metals in Bathurst, N.B. Although the Brunswick No. 6 …

Partial funding for a gold-silver tailings project in Kazakhstan is at hand for Goldbelt Resources (VSE). The company has signed an agreement in principle with Pegasus Gold (TSE) for US$18 million. Th…

One hears many a tall tale from obstinate prospectors who persist in their quest for gold, but none can compare with the bizarre stories one hears on June 1 of each year when, at a specific hour, land…

In preparation for the Oct. 25 federal election, The Northern Miner has asked representatives of four of the main political parties to respond to a series of questions pertaining to mining. All repres…

Northwest Territories The focus was back on the Lac de Gras region this past week, as partners BHP Minerals Canada and Dia Met Minerals (TSE) reported the discovery of 16 new diamondiferous kimberlite…

The Sheridan Group company Dalhousie Oil (CDN) has begun legal proceedings against North American Palladium (TSE), its wholly owned subsidiary Lac des Iles Mines, Kaiser-Francis Oil and others. Accord…

Thanks to Russian President Boris Yeltsin, who this past week, in effect fired the Russian Parliament, and appointed himself sole (though interim) chief, gold bugs were prodded off the sidelines and i…

A difference of opinion between Azco Mining (TSE) and Magma Copper (NYSE) over capital and operating costs at the proposed Sanchez project in southeast Arizona has prompted the latter to drop plans to…

Week’s Price (US) Change Gold* $355.00 + $9.75 Silver* $ 4.07 + $0.03 Platinum* $362.75 + $9.75 Nickel** $ 1.90 – $0.10 Lead** $ 0.17 $0.00 Copper $ 0.80 – $0.07 Zinc $ 0.40 $0.00 Courtesy of Scotiaba…

Trenching and sampling are continuing at the CHOCO-6 property in Venezuela’s El Callao district. Trenching by Gold Vessel Resources (ASE) at both the Cerro Azul and Camp zones has outlined two subpara…