U.S.PEPORT Santa Fe sets Lone Tree reservers
Based on 175 holes, Santa Fe Pacific Minerals says it has outlined in-place reserves of more than two million ounces of gold at the Lone Tree project in Nevada. The company is a unit of Santa Fe South…
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Cameco, Trimin expand to the west on Hanson Lake zone
Drilling on the Hanson Lake property by Trimin Resources (TSE) and Cameco continues to intersect economic-grade mineralization. Hole 61, the most westerly hole drilled to date, cut 15.7 ft. grading 1….
Modernization offers hope for high-cost gold mines
With the price of gold bullion recently sinking below US$360 per oz., mining companies will be facing increasing pressure to keep production costs in line at their operations. Declining precious metal…
Problems at Dome mine raise questions about Timmins’ future
A strike marked by violence at the Dome mine operated by Placer Dome (TSE) has put a spotlight on a question few want discussed: Is this mining city of 47,000 facing an economic disaster? A Dome secur…
Alberta Stock Exchange Durvada gains 33 cents
Nine recently completed drill holes on BMR Gold’s America Mine project in California have intersected more high-grade reserves in an area where initial open pit production is planned. One intersection…
COATS (over-the-counter) Oxford Lake exploration
Continuing as a high volume trader, Lithium edged up 6 cents to close at $1.86 on a volume of 230,150 for the week ended June 5. Noranda’s Winnipeg manager said exploration on the Oxford Lake gold pro…
Montreal Stock Exchange New VSM zone
News of a new zone discovery at the Grevet zinc property near Matagami, Que., helped propel the shares of VSM Exploration to $1.20, a gain of 35 cents, on a volume of more than 500,000 shares, for the…
Latest hole hits new zinc zone ups potential of VSM’s Grevet
A new high-grade zinc zone has been discovered by 50/50 partners VSM Exploration (ME) and Serem-Quebec on their Grevet base metal property, about 40 km northeast of Quevillon, Que. Located in an area …
Queenston busy on five gold projects
Diamond drilling is set to get under way this month on five separate gold properties owned by Queenston Mining (TSE) in northern Ontario. Work programs are starting on the company’s Upper Beaver and V…
Major General drilling on Pickle Lake project
A 6,500-ft. drill program has started on Major General Resources’ (VSE) Dorothy Lake gold project, about 50 miles west of Pickle Lake in northwestern Ontario. The 62-claim property is about nine miles…
News in brief Consolidated Silver Standard Mines
Consolidated Silver Standard Mines (CDS:VSE) has changed its name to Silver Standard Resources Inc. (SSO:VSE) on a share-for-share basis. Transfer agent is Montreal Trust Co.
Volatile gold price slows mines startups
The decline in gold prices over the past two years has slowed new gold mine development worldwide, reports the London-based Mining Journal. The slowdown is most obvious in North America and Australia,…