Assay results released by joint-venture partners Eurus Resource (VSE) and Crystallex International (VSE) confirm that Venezuela’s Kilometre 88 district is prospective for high-grade gold targets. The …
The only Canadian company operating a mine in Colombia is Greenstone Resources (TSE). In a sense, the Toronto-based company was able to benefit from the negative news flowing from the South American c…
The government of Brazil is expelling 10,000 illegal gold prospectors from a reserve on the Venezuelan border belonging to the Yanomami indigenous people. An official from the National Indigenous Foun…
A notice of intention to make a proposal under a section of the Bankruptcy and Insolvency Act has been filed by Claude Resources. Under the Act, Claude will be permitted to make restructuring proposal…
Around-the-clock drilling with three rigs is to be in full swing by March 31 at the Casino copper-gold-molybdenum project in the southern Yukon. Following the recent plan of arrangement with Casino Si…
Ontario recorded a 56.8% increase in claim-staking last year to make 1992 the most active year since 1988. According to the Mines and Minerals Weekly Bulletin, the number of claim units staked in the …
A syndicate of 14 “respected risk-takers” led by Robert Ginn has launched a $250,000 drilling program in the old business district of Timmins, Ont. The drilling, centred east of the railway station, w…
The Central American nation of Costa Rica is host to a growing number of exploration companies. The country’s placer gold deposits have been exploited from the earliest days of the Spanish colonial re…
Western markets continued to advance during the period ended March 9, with the Vancouver Stock Exchange resource index posting a 13.53-point gain to 827.15 and the composite index adding a more modest…
Proven and probable reserves at the end of 1992 stood at 19.5 million oz., down 600,000 oz. from the previous year-end, Newmont Gold (NYSE) reports. Reserves added in 1992 amounted to 2 million oz. Ho…
Despite some political uncertainty in the wake of President Alberto Fujimori’s seizure of power last spring, capital for major mine development projects continues to pour into Peru. “The private secto…
Australian computer software company Mincom International recently opened offices in Santiago, Chile, a move the company says reflects the growth of mining-related business in that country. Mincom say…
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