News

An amended letter of agreement has been signed by Monk Gold Resources (TSE) and Sikaman Gold Resources (TSE) which allows the former to earn a 37.5% interest in the Sol Wood mine and a half interest i…

Struggling Curragh (TSE) reported a net loss of $29.9 million for the second quarter. The company attributes the situation to the decision in April to cease production at its lead-zinc-silver mine in …

Philip Kratzer appointed director.

Henry Ewanchuk appointed president and director; Brian Kynoch and Stuart Angus appointed directors.

Mousseau Tremblay appointed chairman; Michael Coulter appointed president; Ken Johnson appointed vice-president, exploration; Francois Boisvert appointed vice-president, African affairs.

Nothing warms the cockles of an old miner’s heart more than to read that some aging mine somewhere in Canada, tottering toward depletion, discovers a new zone or orebody. Closure postponed, a few hund…

The International Monetary Fund reported gold holdings of 103.4 million oz. as of April 30 this year, unchanged from one year ago. Goldrite Mining (GRQ: VSE) has changed its name to Consolidated Goldr…

An exploration drift will be driven during the third quarter to allow for testing at depth by drilling of the 1100 lens at the Mobrun polymetallic project near Rouyn-Noranda, Que., Audrey Resources (T…

Diamond drills are being moved onto Queenston Mining’s (TSE) two properties near Kirkland Lake, Ont. Cyprus Canada, a subsidiary of Cyprus Minerals of Colorado, has launched an 8-hole, 10,000-ft. prog…

The government of Papua New Guinea is thwarting an agreement allowing Venezuelan Goldfields (VSE) to acquire a 20% interest in the Lihir Island gold project (T.N.M., Aug. 16/93). Just days after annou…

An international company partly owned by the French government will provide funds to explore properties staked by Jordex Resources (TSE) in Bolivia. During the past 18 months, Jordex carried out a rec…