News

Montreal-based KWG Resources has agreed in principle to earn a 100% interest in 15 gold concessions in French Guiana from Bureau de recherches geologiques et minieres of France. The concessions lie al…

— Braiden Resources (VSE) has agreed to earn a 50% interest in a 72,000-acre property held by Super Twins Resources (VSE) in the George Lake area, northeast of Lac de Gras. To earn the interest, Brai…

Operating losses have prompted Gibraltar Mines (TSE) temporarily to shut down the McLeese Lake open-pit copper mine and mill. The recent drop in the price of copper made it necessary to conserve cash,…

Drilling will soon begin on Stroud Resources’ (TSE) Hislop Twp. gold property near Timmins, Ont. The program will be carried out at the Creek zone where preliminary reserves total one million tons gra…

A private placement of three million units at 75 cents each has been completed by Platinova A/S (TSE). Each unit consists of one common share of Platinova plus one warrant to buy one additional share …

An agreement between Stratmin (ME) and St. Genevieve Resources (TSE) gives the former the right to develop and operate two new technologies for graphite purification and laminated graphite. The purifi…

Temporary refining problems at the La Coipa mine in northern Chile have resulted in lower first-quarter earnings of US$2 million (2 cents per share) for TVX Gold (TSE) compared with US$3.1 million (2 …

A director of exploration with Inco Exploration and Technical Services, John Allan Sauerbrei, died recently of cancer in Sudbury, Ont. He was 55. The Queen’s University graduate (with a B.Sc. and M.Sc…

Recently, a stock broker in Manitoba phoned our offices requesting information on the diamond stocks that are currently so hot. He admitted he wasn’t well-versed in speculative stocks; in fact, he del…

Tan Range Exploration (ASE) says diamond-washing equipment is on its way to Tanzania in preparation for grade evaluation of the company’s concessions in the northern part of the country. The Vancouver…

Investors of Asbestos Corp had reason to rejoice during the week ended June 1 as the stock skyrocketed to $48 for a gain of $24.50. The battle by Asbestos Corp’s minority shareholders to win a fair he…

Last year, 2,800 mining accidents were reported to the Ontario Workers’ Compensation Board. That is equivalent to 15.5 accidents requiring medical aid for every 200,000 employee hours worked, accordin…