Westmin options Vizcachitas
Westmin Resources (WMI-T) is acquiring the right to earn a 51% interest in the Vizcachitas copper porphyry project in central Chile from Denver-based General Minerals (GNM-T).Westmin will be required …
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Reunion Mining, Rift Res. explore gold potential of Silobela project in southeastern Africa
Rift Resources (RIF-V) and its United Kingdom-based partner, Reunion Mining, have begun a 25-hole program of percussion drilling on the Silobela gold project in Zimbabwe.The drilling is focused on fou…
Oliver has change of heart over Malian projects
Oliver Gold (OGO-V) has had second thoughts about selling its interests in Malian gold properties.The Vancouver-based junior was prepared to sell it interests in the western African country (T.N.M., N…
Viceroy Res. ends third quarter in black
Gold producer Viceroy Resource (voy-t) earned $3.5 million (or 7 cents per share) on revenue of $29.8 million in the third quarter.Those numbers mark a significant improvment over the $38.1-million lo…
Marshall Minerals eyes Chinese lead-zinc mine
Junior Marshall Minerals (MMC-T) will earn a majority interest in the Qian Dong Shan lead-zinc mine in the northern Chinese province of Shanxi.The company has signed a letter-of-intent with Xian Corp….
Diavik project enters feasibility home stretch
Having incurred more than $80 million in expenditures on a 2-year prefeasibility study, the Diavik diamond project in the Northwest Territories is entering the formal feasibility and permitting phase….
Drilling shows potential of sulphide resource at Sadiola — More drilling required for resource calculation
An 11-hole program, carried out to assess primary sulphide mineralization below the oxide ores at the Sadiola Hill gold mine in western Mali, has confirmed that several broad mineralized zones exist a…
Teck, WC intersect massive sulphides in Mexico
Diamond drilling on the Mexican project known as El Salvador has intersected a 163-metre interval of massive-to-semi-massive sulphides.The 225-sq.-km project, situated in the central state of Zacateca…
Candelaria expanded ahead of schedule
Phelps Dodge (PD-N) has completed expansion of the Candelaria copper operation in northern Chile more than eight months ahead of schedule and US$30 million below budget.The company began the expansion…
DIAMOND PAGE — Cons. Texas adds to NWT holdings
Consolidated Texas Northern Minerals (CXH-V) has added to its MAC claim block in the Mackay Lake area of the Northwest Territories by acquiring 43,900 acres of infill claims from Inukshuk Capital.Earl…
DIAMOND PAGE — Spider targets near Wawa
Partners Spider Resources (SPQ-A) and KWG Resources (KWG-T) report that 231 diamonds were recovered from eight separate outcrops at their Wawa diamond project in Ontario.Of this total, 37 stones were …
Diverse portfolio keeps Placer busy — Major is on track to produce 2.4 million oz. in ’97
Despite significantly lower gold prices, Placer Dome (PDG-T) continued to achieve positive results during the third quarter.The major earned US$11 million (or 3 cents per share) on sales revenue of US…