Speculation over upcoming bulk-sample results from the Lac de Gras area of the Northwest Territories sent Dia Met Minerals to a high of $62 for a gain of $9.13 during the week ended May 25. Waiting an…
With gold holding on to gains, and diamond stocks generally steady, the Vancouver Stock Exchange resource index continued its upward sprint, finishing the week ended May 25 up more than 70 points at a…
Drilling has begun on the East-Bay gold property of Ressources Temisca (ME), northeast of Rouyn-Noranda, Que. The program is funded and operated by Soquem which is earning a 50% interest.
Toronto-listed Placer Dome has agreed to sell US$200 million in bonds to underwriters, for distribution in the U.S. The 718% notes, due May 15, 2003, have been priced at 99.813%. The bonds are being o…
He has yet to visit the Lac de Gras diamond exploration camp of the Northwest Territories, but Nikolai Sobolev is not surprised that the primary exploration method used involves tracing indicator mine…
Akiko-Lori Gold Resources (AKI:VSE) and Omega Gold Corp. (OGC:VSE) have amalgamated to form Akiko Gold Resources Ltd. (AKI:VSE) with a consolidation of capital as follows. Shareholders of Akiko-Lori r…
The Selbaie copper-zinc mine near Matagami, Que., may be sold to Gencor. The South African company has bid on selected metals and minerals operations owned by Billiton Metals Canada. Negotiations are …
With four rigs already turning at the Casino property in the southern Yukon, Pacific Sentinel Gold (VSE) is planning to mobilize at least one more to the property in June. The drilling is part of a $7…
Australian diamond producer Ashton Mining plans to spend at least $1.3 million, or about 20% of its diamond exploration budget, to evaluate targets in Canada this year, says Chief Executive John Robin…
With Homestake Mining (NYSE) out of the picture, U.S. Gold (NASDAQ) has signed an agreement giving Cornucopia Resources (TSE) an option to acquire a 55% interest in the Tonkin Springs mine and mill in…
The merger of two of the largest mining companies in the U.S. is expected to create one of the largest in the world. Amax (NYSE) and Cyprus Minerals (NYSE) are proposing to merge into a new entity, Cy…
Now that Greenstone Resources has secured total ownership of Panamanian-based Minas Santa Rosa S.A., the next step is to rustle up financing for the gold project. Greenstone picked up the remaining 51…
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