Pallaum gains a foothold in Crescent Valley
Pallaum Minerals (VSE) can earn up to a 65% stake in the Bullion Mountain property in Nevada’s Crescent Valley.The announcement follows an agreement reached with 60-40 partners Cactus West Exploration…
1995
Alta ups resource at Olinghouse
The first phase of drilling by Alta Gold (NASDAQ) at its Olinghouse gold project near Reno, Nev., has expanded the geologic inventory by 90,000 oz.The 31-hole program discovered new geologic resources…
Production shortfall lowers Goldcorp earnings
Three disadvantages combined to dampen second-quarter earnings for Goldcorp (TSE): a drop in gold production; a lower realized gold price; and higher operating costs at the Wharf mine in South Dakota….
Pegasus to increase gold yield at Mt. Todd
Construction will begin immediately on a new phase of work at the Mt. Todd mine of Pegasus Gold (AMEX). As a result, gold production at the Australian operation is expected to rise to 260,000 oz. per …
Armada ready to complete feasibility study at Baley
The preliminary feasibility study on the Baley gold deposit in the Chita region of eastern Russia has provided more encouragement to Armada Gold (ASE).The company believes the study is conservative, a…
Results in from Meliadine East
Drilling at the Meliadine project north of Rankin Inlet, N.W.T. has been completed, and joint-venture partners Cumberland Resources (VSE) and Comaplex Minerals (TSE) are ready to recalculate the resou…
Manville sells interest in Stillwater for US$110 million
A small group of private institutional investors has bought 5.4 million unregistered shares of Stillwater Mining (NASDAQ) from its parent company, Manville (NYSE).The privately negotiated placement, w…
St. Genevieve will option Russian gold property
Toronto-listed St. Genevieve Resources (TSE) can earn an indirect interest in Koryakiya Mining Co., the owner of a gold deposit on the Kamchatka Peninsula of Russia.The Ametistovoye deposit, a vein sy…
Patrician options properties to JCI
South African-based JCI, the world’s seventh largest gold producer has signed a letter of intent with Patrician Gold Mines (ASE) concerning the junior’s four Ghanaian gold licences.JCI can earn a 60% …
Labrador News Roundup — Viscount, Magna begin drilling
Vancouver-listed partners Consolidated Viscount Resources and Consolidated Magna Ventures have received Newfoundland government approval for their drill permit application on the Tasisuak Lake propert…
Oman looks to privatize its mining industry
As a gesture towards generating more investment in the private sector, the country of Oman plans to privatize its state-run mining concern.Oman Mining began life in 1973 as a partnership between the i…
Amax Gold plans more drilling for Gil claims
A second phase of drilling is scheduled for this autumn on the Gil claim block in the Fairbanks district of Alaska.Amax Gold (NYSE) owns 80% of the property through a subsidiary, while Teryl Resources…