Musto explores Argentine deposit
Major companies are giving Argentina’s mineral potential a closer look now that a capitalist revolution has taken root in the South American country. But the first foreign company to begin a major min…
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Majors drilling Gold Giant projects
Surface drill programs will be carried out this summer to test previously defined gold and polymetallic targets on the Nizi and Snoball properties in northwestern British Columbia. The program on the …
Sudbury Contact finds second pipe
A second kimberlite pipe has been found by Sudbury Contact Mines (TSE) in the Kirkland Lake area of northeastern Ontario, the junior says in its quarterly report to shareholders. A 63-kg sample, taken…
U.S. REPORT — Positive results from Cresson drilling
A recent hole drilled by a unit of Nerco Minerals returned more than 0.5 oz. gold per ton over a drilled interval of 305 ft. from the Cresson project in the historic Cripple Creek mining district near…
Limited partnership changes would alter Imperial structure
The corporate structure of Imperial Metals (TSE) should become more simple if negotiations are successful to acquire certain limited partnership interests it does not currently own. A German firm rece…
INSIDER TRADING — Slack stocks up on Deak shares
Malcolm Slack, chairman of Deak Resources (TSE), recently increased his interest in the junior producer by buying 400,000 shares privately for 29 cents to hold 531,700. A $3-million underground explor…
STOCK MARKETS — Diamond stocks dominate Toronto market
Diamond issues emerged as mining stocks of choice during the week ended Sept. 8 as market players awaited further results from the Lac de Gras region and other active plays. But while Canadian investo…
BOOKS IN REVIEW — Non-placer gold output levels off
Active Canadian Gold Mines. Published by Metals Economics Group. P.O. Box 2206, Halifax, N.S. B3J 3C4. 500 pages. US$1,600. Canada’s Non-placer gold output levelled off at five million ounces last yea…
Discovery of Lac de Gras in N.W.T. a tale of dedication and
While some gold and base metal discoveries result from luck and serendipity, the recent diamond discovery by Dia Met Minerals (VSE) in the Lac de Gras region of the Northwest Territories is one that i…
Diamonds being sought in Guyana
Diamonds were first uncovered in the South American country of Guyana in 1887 and, according to Golden Star Resources (TSE), are found in some of the same areas that are being mined for gold (although…
Drilling planned for Brewery Creek
The global reserve potential of the Brewery Creek property near Dawson, Yukon, will be further evaluated this fall by partners Hemlo Gold Mines (TSE) and Loki Gold (VSE). A first-phase $400,000 progra…
Victoria options Mexican gold project
A Mexican property considered prospective for a bulk-tonnage gold deposit was recently optioned by Victoria Resource (VSE), which staked additional acreage surrounding the original claim block. The le…