Essex cuts VMS at Bolivian project
Essex Resource (ESX-T) continues to intersect volcanogenic massive sulphide mineralization at its Miguela project in Bolivia.The company has completed 34 drill holes in a program spanning 6,899 metres…
News
Fairstar, Cyprus Amax size up Discovery
Montreal-based junior Fairstar Explorations (FFR-T) and Cyprus Canada have received a positive prefeasibility study for the Discovery zone in their jointly held Fenelon A gold project on the eastern e…
Franco to drill at Holloway Twp.
Geophysical surveys are complete and Franco-Nevada Mining (FN-T) will shortly be drilling at the Holloway Twp. property in northeastern Ontario, held in joint venture with Greater Lenora Resources (GE…
Faro mine slated for new lease — Swiss firm to buy lead, zinc in 1998
Short-term financing from Cominco (CLT-T) and a sales agreement with metal merchants Glencore Group should enable Anvil Range Mining (ARO-T) to resume production at the Faro lead-zinc mine in the Yuko…
Teck buys stake in Ventures Resources — Additional financing opens door for more exploration
Teck (TEK-T) has agreed to invest $4.1 million in Ventures Resource (VRS-V) for the exploration of the junior’s Veta property in Alaska.The investment gives Teck the right to select and earn a 60% int…
Barrick to vie for massive Russian deposit?
Russia plans to sell its massive Sukhoi Log gold deposit, described as the largest in the world, early in 1998 in a bid to privatize the project.The tendering process is said to be dominated by two co…
Dachine yields industrial diamonds
Sampling of alluvial material at the Dachine property in French Guiana by Guyanor Ressources (GRL.B-T) and Golden Star Resources (GSC-T) has yielded more than 5,000 diamonds.From three creeks, the par…
Golden Goose sees mine potential
A prefeasibility study by BLM Bharti Engineering concludes that the Magino gold project, in north-central Ontario, has the potential to be developed into a large-tonnage, open-pit mine.The project, wh…
Platinova keeps up search in Greenland
The start of drilling at the West Greenland diamond project of Platinova (PAS-T) is set for mid-January.Much of the 1997 field season was devoted to reconnaissance indicator mineral sampling, as was t…
STOCK MARKETS — Depressed mining stocks point to sluggish VSE — Cross Lake, Mountain Lake among the few juniors to buck the trend
The Vancouver Stock Exchange composite index closed down 25.86 points, or 3.9%, to close at 631.35 for the report period ended Dec. 2. The mining index dropped 24.95 points, or 4.6%, to close at 515.3…
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Ashton plans more sampling
The first two drill samples from K91, the most recent kimberlite found on the Buffalo Hills project in north-central Alberta, have yielded seven macrodiamonds and 139 micros from 79 kg of core.The two…