EXPLORATION ’99 – Milpo drills at Cerro Lindo
Peruvian base metal producer Minera Milpo is close to having a reserve estimate at its Cerro Lindo zinc-copper-silver project in southeastern Peru.Recent drill results from the property, 175 km southe…
News
EXPLORATION ’99 – Rio Tinto backs junior’s search for gold
A newly consummated “strategic alliance” with a unit of Rio Tinto Mining (RTP-N) will allow Uruguay Goldfields (UGIL-C) to continue exploring gold and base metal targets on its 100,000 ha of concessio…
EXPLORATION ’99 – Glamis Gold advances Guatemalan gold deposit
A 35-hole drill program by Glamis Gold (GLG-N) at the Cerro Blanco project in Guatemala is attempting to prove up a resource of more than 1 million oz. by year-end.Drilling by previous owner Mar-West …
EXPLORATION ’99 – Great Basin seeks Ken Snyder-style deposit
Great Basin Gold (GBG-V) is encouraged by results from an ongoing 50,000-ft. drill program at its wholly owned Ivanhoe property in Nevada.Situated in the Carlin trend, midway between Franco-Nevada Min…
Anooraq aims drills at Bushveld
Anooraq Resources (ARQ-V) is raising $4 million to carry out drilling at the Platreef platinum-palladium property in South Africa.The company stands to earn a maximum of $3.3 million by way of a priva…
Vengold racks up more losses
The third quarter of 1999 was another bad one for Vengold (VEN-T), which lost US$76.4 million (US53 cents per share) on gold sales revenue of US$10.5 million, compared with a loss of US$6.8 million (U…
EXPLORATION ’99 – Eastmain, Bubbee expand holdings
Among the companies hoping to revive New Brunswick’s mining industry are Eastmain Resources (ER-T) and unlisted Bubbee Ventures. The companies recently acquired additional claims in the area to cover …
EXPLORATION ’99 – Mindoro finds gold at Agata property in Philippines
Edmonton-based Mindoro Resources (MIO-A) is enjoying early success from reconnaissance drilling at its Agata gold project on the Philippine island of Mindanao.From 11 diamond drill holes totalling 798…
Meetings (November 29, 1999)
Nov. 30 OrientDec. 3 PinewoodDec. 3 RuxDec. 3 Viking GoldDec. 6 New Venoro GoldDec. 7 Tellis GoldDec. 9 Arizuma SilverDec. 9 Anglo MineralsDec. 13 Itec MineralDec. 14 Maracote Int’lDec. 15 Valerie Gol…
Placer gains Solomon’s gold interests in Africa
Partners Channel Resources (CHU-T) and Solomon Resources (SRB-V) have entered into separate agreements that will allow Placer Dome (PDG-T) to earn up to a 65% interest in the Bombore and Naoube…
Companies (November 29, 1999)
AMT International MiningAnglo AmericanAnglogoldAnooraq ResourcesBema GoldCancor MinesChannel ResourcesChief Consolidated MiningComaplex MineralsConquistador MinesCorner Bay MineralsCumberland Resource…
Icelandic Gold buys silver mine
Icelandic Gold (ICEG-C) will acquire the dormant Zgounder silver mine, in the Anti-Atlas Mountains of southern Morocco.The junior has signed a letter-of-intent with a mining arm of the Moroccan govern…