NEWS ROUNDUP — Rift begins African drilling
A 2,000-metre drill program is under way at the Adi Nefas and Doop properties owned by Rift Resources (rif-v) in Eritrea.At Adi Nefas, a volcanogenic massive sulphide deposit, the company is attemptin…
News
NEWS ROUNDUP — South Malartic acquires past producer
South Malartic Exploration (MSU-M) has picked up a gold silver property 50 km northeast of Trois-Rivires, Que.Past exploration on the 765-ha property uncovered an indicated resource of 400,000 tonnes…
Agnico funds expansion
The planned expansion of the LaRonde gold-copper mine in northwestern Quebec moved one step closer to reality recently, with Agnico-Eagle Mines (AGE-T) entering into a revolving bank facility with Bar…
Nuinsco drills at Lac Rocher (September 06, 1999)
Junior Nuinsco Resources (NWI-T) will drill-test 23 massive sulphide targets at its Lac Rocher nickel-copper property in Quebec. The anomalies were outlined by geophysical methods.At Confederation Lak…
Echo Bay pulls in exploration reins to focus on mines
Gold producer Echo Bay Mines (ECO-X) intends to focus its limited exploration budget on North American projects viable at current low prices for the yellow metal.The strategy is aimed at acquiring ear…
Francisco extends El Sauzal
Francisco Gold (FGX-V) has completed a 9-month drill campaign at its El Sauzal project in Mexico’s Chihuahua state.Since November, the company has completed 64 core holes, bringing to 188 the total nu…
Exall slips into the red
Lower production and the depressed price of gold contributed to a second-quarter loss for Exall Resources (EXL-T).For the three months ended June 30, the junior miner lost $678,159 (or 2 cents per sha…
Sunshine buys Mexican property
Sunshine Mining & Refining (SSC-N) has acquired the Juanicipio silver property in Zacatecas state, representing the company’s first foray into Mexico.The 28,000-ha concession is next to the Fresnillo …
Companies (September 06, 1999)
Acadia Uranium MinesAgnico-Eagle MinesAmbrex MiningAnglo AmericanArabian Shield DevelopmentAsarcoAshanti GoldfieldsAtacama MineralsAurado ExplorationAurizon MinesAvalon VenturesBear Explora…
Atacama boosts iodine resource
Additional exploration has increased the size of the iodine resource at the Aguas Blancas property, reports owner Atacama Minerals (AAM-V).The Aguas Blancas project comprises 22,000 ha in northern Chi…
Highland Valley set to go
Union workers at Canada’s largest copper mine, Highland Valley Copper, near Kamloops, B.C., have voted 86% in favour of a 5-year offer that ties wages to the price of copper.The deal ends a stalemate …
Eastmain drills at Bathurst
Eastmain Resources (ER-T) has begun a 2,000-metre drill program on its Tingley Brook property, near Bathurst, N.B. The project comprises 190 claims in the southern portion of the Bathurst mining camp….