High River sizes up Taparko gold property
Diamond drilling by High River Gold (HRG-T) has extended the strike lengths of two gold zones on the Taparko property in Burkina Faso, West Africa.By spending US$5.9 million on exploration over four y…
News
LATIN AMERICA — Jordex resumes work in Bolivia — Barrick withdraws from joint venture
Having spent US$1.6 million of the US$2 million required to earn a 60% interest, Barrick Gold (ABX-T) is withdrawing from a joint-venture aimed at exploring 11 properties held by Jordex Resources (JDX…
LATIN AMERICA — Manhattan increases rights at Tambo Grande property
In an agreement reached with LaSource Miniere of France, Manhattan Minerals (MAN-T) will increase its rights to the Tambo Grande massive sulphide project in Peru to 75% from 52.5%.Once a feasibility s…
DIAMOND PAGE — Target tested at Camsell Lake
Drilling at the Camsell Lake diamond project in the Northwest Territories is focusing on an 8-sq.-km target area where diamondiferous kimberlite boulders and anomalous concentrations of pyrope garnets…
LATIN AMERICA — El Misti discovers high-grade gold in Peru
Two holes drilled by El Misti Gold (EMG-V) at its Santa Rosa property in southern Peru have intersected a 50-metre-wide zone of high-grade gold mineralization.The zone is associated with epithermal qu…
LATIN AMERICA — Cobre completes merger with Aurex
Shareholders of Aurex Resources (AXR-T) have approved a merger transaction with privately owned Cobre Mining of Hanover, N.M.The merged entity will retain the name Cobre Mining and be listed on the To…
LATIN AMERICA — Ourominas drills at Juruena project
Drilling by junior Ourominas Minerals (OMI-T) at its wholly owned, 190,000-ha Juruena vein gold property in Brazil’s Mato Grosso state has extended the project’s known zones of mineralization.Since dr…
Greenstone gears up for gold pour
With construction of the first two heap-leach cells now complete at the Cerro Mojon gold mine in Nicaragua, Greenstone Resources (GRT-T) has begun piling ore and expects the first gold pour to take pl…
LATIN AMERICA — Group seeks leave to file suit against Cambior
Montreal-based Cambior (CBJ-T) has been served with a motion to institute a class-action lawsuit on behalf of a group of persons living downstream from the company’s Omai gold mine in Guyana, followin…
Nelson Gold plans expansion at Jilau mine — Project to carry a capital cost of $11.8 million
With a positive feasibility study in hand, Nelson Gold (NLG-T) is proceeding with another phase of its expansion program at the Jilau gold mine in Tajikistan.Nelson holds a 44% interest in Zeravshan G…
LATIN AMERICA — Canarc starts core drilling
Canarc Resource (CCM-T) has started a 10-hole diamond drill program to test the depth potential of gold mineralization in laterite at its Sara Kreek property in Suriname.Trenching and auger drilling h…
Cusac boosts production
Operating a gold mine proved a profitable venture for Cusac Gold Mines (CQC-T) in 1996.Higher production at its Table Mountain mine in north-central British Columbia resulted in earnings of $1.8 milli…