A due diligence study will be carried out by Princeton Mining (TSE) as the first step of an agreement-in-principle to acquire up to 100% of a private company holding copper, gold and silver properties…
Despite a sluggish gold price, the TSE’s gold and silver index edged up by almost 300 points during the week ended Sept. 1 as the market took heed of optimistic forecasts for the yellow metal. Investo…
Heap leaching and solvent extraction-electrowinning (SX-EW) is under consideration by Arimetco International (TSE) for a recently acquired copper property in Arizona. The company has leased the 1,200-…
The Shebandowan nickel-copper mine of Inco (TSE) in northwestern Ontario, shut down May 15 as part of Inco’s cash conservation measures, will be reopened Oct. 12. The reopening will provide jobs for 3…
Proceeds of about $135 million will be realized by Cominco (TSE) from the recent sale of its 46.3% interest in Aberfoyle to Australian and international institutions. Aberfoyle owns the Hellyer zinc-l…
In a bid to raise financing for its heavy mineral sand deposit in Quebec, Tiomin Resources has proposed an amalgamation with publicly traded New Pascalis Mines (ME). New Pascalis, 43% owned by Falconb…
Additional funding was recently secured by Kookaburra Gold (VSE) for feasibility work on the Longshot Ridge copper-oxide project in Nevada. Kookaburra’s principal shareholder, Australia-based Xenolith…
An agreement with Consolidated Shoshoni Gold (VSE) to acquire a 50% interest in Shoshoni’s Transmitter Hill gold property in Utah has been entered into by Goldstack Resources (VSE). The property is ad…
A new orebody known as the Nacional zone was defined during a recent exploration and development program carried out by Breakwater Resources (TSE) at its El Mochito mine in Honduras. The new zone, whi…
A 43% increase in net earnings was reported by Canyon Resources (NASDAQ) for its latest quarter ended June 30, compared with results in the year-earlier period. The Colorado-based company announced ea…
With an ore reserve study by Kilborn Engineering now in hand, Pioneer Metals (TSE) has retained Tonto Mining to carry out a mining study for the company’s Puffy Lake gold deposit northeast of Flin Flo…
Heap leaching at the Ivory Coast, West Africa, property of Eden Roc Mineral (TSE) has produced 5,785 oz. gold bullion to date, the company reports. Bullion contains 95-97% gold. The operation started …
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