EXPLORATION – Sulliden drills Las Hualquillas
Sulliden Exploration (SUE-M) has completed two diamond drill holes in the El Huabo and Cementerio sectors of its Las Huaquillas property in the Cajamarca department of northern Peru.In the El Huabo se…
News
EXPLORATION – Gold discovery reported at Pine East property
A gold discovery at the Pine East property has prompted partners Shane Resources (SEI-V) and Claude Resources (CRJ-T) to change the terms of their current agreement.The discovery was made on Shane’s p…
Newfoundland to amend Mineral Act
In a move clearly aimed at heading off any challenges by Voisey’s Bay developer Inco (N-T), the government of Newfoundland has tabled a bill to amend the province’s Mineral Act.The bill, introduced in…
MINING MARKET & INVESTMENT NEWS – QUERY — Pegasus shareholders unlikely to get new shares
I would like to submit the following information on Pegasus Gold: The annual report, May 1998, indicated that Alleghany Corp. held 3 million shares. In September 1998, my broker contacted the legal co…
Donner keeps faith at South Voisey’s Bay
Junior Donner Minerals (DML-V) is encouraged by results from an ongoing drill program at its South Voisey’s Bay project in Labrador.Since May, Donner has completed 37 holes and deepened five others, r…
Rayrock proposes merger with Glamis
A proposed merger with Glamis Gold (GLG-T) has enabled Rayrock Resources (RAY-T) to fend off a potential liquidation.Rayrock was prepared to meet its destiny on Nov. 20, when shareholders were expecte…
EXPLORATION – Sulliden teams up with Altius
Sulliden Exploration (SUE-M) has signed an agreement with Altius Minerals (ALS-A) to earn a half-interest in that company’s Mustang gold property in central Newfoundland.Mustang covers 1,850 ha of the…
MOST ACTIVE ISSUES (November 30, 1998)
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EXPLORATION — Nucanolan takes aim in B.C.
Nucanolan Resources (NCRL-C) has launched a drill program at the Lara polymetallic property on Vancouver Island, B.C.The junior is earning a half-interest in the project from Laramide Resources (LAM-T…
EXPLORATION – The Buchans Deal
Altius Minerals — Billiton can earn up to a 70% interest in 127 claims by spending $1.3 million and making a cash payment of $200,000Buchans River — Billiton can earn up to a 70% interest in 819 cla…
EXPLORATION – WPG finds high-grade copper
A trenching program by Western Pacific Gold (WPI-A) has resulted in a high-grade copper discovery at the Hambusimaloso project in the Solomon Islands.Ten continuous channel samples, which were excavat…
EXPLORATION — Samira drilling exceeds expectations
Stepout drilling at the advanced Samira gold project in Niger has extended the Main zone another 50 metres along strike.Etruscan Resources (EET-T), which owns a 90% interest in the project, says each …