News

Rex Silver taken to task by the Vancouver Exchange

The Vancouver Stock Exchange has taken exception to statements made by Rex Silver Mines about its Scoria property in northern Arizona. The vse has refused to accept filings or disclosures from any lis…


Overseas Platinum gets Ecuador gold property

Joint venture partners Overseas Platinum and Wright Engineers have acquired the Las Playas gold-platinum placer prospect in Ecuador. The property was purchased for 100,000 shares and a commitment to s…


Pegasus retreats from Nevada bet

Pegasus Gold, which pioneered many aspects of heap leaching in the United States, has decided not to participate in the Zaca gold property of Cali fornia Gold Mines. The pullout appears to be a major …


Valentine in Arizona

Valentine Gold Corp. has acquired a gold prospect in Gila Cty., Ariz. The terms of the acquisition include a payment of $20,000 and explora tion expenditures of $125,000 over an 18-month period. Gold …


Pacific Minesearch discovers new zone

A new mineralized zone has been discovered in latest drilling by Pacific Minesearch on its Howie gold project near Charlotte, N.C. The 16,000-ft drill program has concentrated on delineating reserves …


Cove falls short as Echo turns in results

A 50% increase in ounces poured over the last 12-month period and a 20% hike in the price of the yellow metal reflects well on the bottom-line results of Echo Bay Mines, released this week. But result…



Golden Range encouraged at Hudvam

Toronto-based Golden Range Resources has reported a significant drill intersection from the Hudvam polymetallic property which it acquired recently as part of a backdoor agreement with Mingold Resourc…


Duration and Locator in Sault joint venture

Toronto-listed Duration Mines has entered a 3-way joint venture with Locator Explorations, and a private company called Aurogin Resources to explore 86 claims in the Sault Ste. Marie, Ont., mining div…


Mining communities lobby for flow-through

Representatives of mining and assorted other industries in Kirkland Lake, Ont., are mad as hell and they’re not going to take it any more. What they’re mad at is the federal Finance Department’s plan …


Queries How the industry defines ore reserves

When mining companies are calculating their ore reserves before going into production I notice from reading The Northern Miner that reserves are determined in terms of possible, probable and proven or…


Drills start near Golden Patricia

Three John Sadowski companies, Michele Gold Mines, Master Resources & Development, and Massive Resources, all of Toronto, plan to start drilling on ground five km southeast of the Golden Patricia mine…


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