Narrow widths onMidas Timmins bet
A 5,500-ft drill program has been completed by Midas Minerals (TSE) on the Tisdale gold property near Timmins, Ont. The drilling tested for gold mineralization at depths between 1,000 ft and 1,500 ft….
News
USMX reduces loss as revenues increase
The successful start-up of the Green Springs gold mine in Nevada has generated improved financial results for USMX Inc. (NASDAQ) in 1988. The Colorado-based company reported a net loss of $55,000(US) …
Vancouver Stock Exchange Red Fox active, high flyers drop
While the Vancouver market remained in the doldrums over the past week, brokers and investors here are taking note of a recent upswing in trading activity in New York and Toronto. A lukewarm economy a…
Jolu surpasses expectations
With so much attention focused on new mines that have fallen short of expectations, a modest sized gold mining operation in Saskatchewan’s La Ronge district is surprising just about everyone by produc…
Thunderwood still drifting in high grade at Gold Hawk
Toronto-based International Thunderwood Explorations (TSE) continues to encounter high grade gold mineralization over mineable widths at its wholly-owned Gold Hawk property near Val d’Or, Que. Using t…
Diepdaume financing for Timmins projects
Toronto-based Diepdaume Mines Ltd. (VSE) proposes to issue 500,000 units representing one million flow-through shares (one unit two shares) at 60 cents per unit, provided it gets approval from all app…
New LME tin contract to start in June
The London Metal Exchange (LME) will begin trading in a new tin contract June 1. LME Chief Executive Michael Brown said a decision to resume tin trading after more than three years was made by the exc…
Atkinson enters Jascan/Atlantic control battle
A battle for control of mining assets owned by Toronto exploration affiliates Atlantic Goldfields (COATS) and Jascan Resources (TSE) has taken a new twist. In the midst of the battle, Kash Investments…
Pezgold terminates option at Red Lake
Following an unsuccessful drilling campaign on Jamie Frontier Resources’ (COATS) Red Lake gold property in northwestern Ontario, Pezgold Resource Corp. (VSE) has terminated its option to explore the c…
Books in Review List outlines 6,500 field-trip guidebooks
A new edition of the Union List of Geological Field Trip Guidebooks of North America was published recently by the American Geological Institute. The fifth edition lists more than 6,500 field-trip gui…
Rio Algom selling steel operations
A letter of intent has been signed between Rio Algom (TSE) and the Sammi Group of South Korea regarding the sale of Rio’s steel manufacturing operations. Price of the transaction was not made public. …
Editorial Why the mystery atr Ketza River?
In an unpredictable discipline like mining where the participants are often stifled by circumstances beyond their control, it is easy to understand why some companies prefer to say too little to the p…