Nar funds Zimbabwe project
A recent financing has provided funds for Nar Resources (NRL-M) to explore ground in greenstone belts in Zimbabwe.The exploration venture is a partnership with nickel giant Falconbridge (FL-T). The co…
News
East West to fund work near Timmins
East West Resource (EWR-W) has announced a private placement, arranged through Dominick and Dominick Securities, of up to 1 million special warrants at $1.20 each. Aggregate proceeds will total $1.2 m…
Blue Emerald works gold target
A work program by Blue Emerald Resources (BER-V) has outlined two new areas of gold mineralization on the Quebrada De Oro project in Nicaragua.A trenching and detailed soil sampling program is under w…
Trillion acquires bigger stake in Zimbabwean gold mine
Kanata, Ont.-based Trillion Resources (TLG-T) has purchased the remaining interest in the Indarama gold mine in Zimbabwe it did not already own.In November 1996, Trillion acquired a 20% interest in th…
Resolute, Samax find more gold in Tanzania
Samax Gold (SMX-T) and its Australian partner, Resolute Samantha, have discovered more gold beneath their proposed Golden Pride mine in the Lake Victoria Goldfields region of Tanzania.Drilling beneath…
TVI advances Philippine projects
TVI Pacific (TVI-T) has completed an in-house resource evaluation of the Ungay Malobago gold-bearing massive sulphide deposit on its Rapu Rapu property in the Philippines.According to TVI’s resource c…
Milling ongoing at Edwards
River Gold Mines (RIV-T) has half-finished the milling of the first batch of ore from the Edwards mine, 50 km northeast of Wawa, Ont.The company has recovered 16,155 oz. gold from 27,950 tonnes of Edw…
Global-Pacific gains ground in Mongolia
Global-Pacific Minerals (GPJ-V) will acquire the Ou-Bar copper-gold property in Inner Mongolia.The announcement follows the signing of an agreement between the company’s Chinese subsidiary, Anhui Glob…
Green light flashes for Armada Gold’s Baley
An engineering study commissioned by Armada Gold (AAU-T) has concluded that the Baley gold project in southeastern Russia can be mined at a profit.The study, conducted by Snowden Associates of Perth, …
DIAMOND PAGE — Golden Phoenix expands in central Alaska
Newly listed Golden Phoenix Minerals (GPXM-O) has acquired eight massive sulphide targets in the Bonnifield district, south of Fairbanks, Alaska.The company is exploring for volcanogenic massive sulph…
ODDS ‘N’ SODS — Bewitched
It was the early days of the Highland Valley copper boom in south-central British Columbia more than 30 years ago, and I had been exploring some of the many claims south of the open-pit mine project o…
DIAMOND PAGE — Tandem’s rubies attract interest
They might be small, but rubies from Ontario are of good color saturation, similar to that found in rubies from Thailand and East Africa.Those were the findings of gemologist Warren Boyd, who examined…