Correction (July 28, 1997)
Projected production at the Illinois Creek mine in west-Central Alaska was incorrectly stated in our issue of July 14. The mine is expected to yield 65,000 oz. gold-equivalent annually.For the current…
News
Second group bids for IG mine contract
Vancouver-based Indochina Goldfields (ING-T) has received a second offer for the financing and construction of its Monywa copper project in Myanmar.The proposal combines financing from Daewoo Corp., a…
Meridian makes headway at El Penon
Results from an ongoing prefeasibility study at the Chilean gold property known as El Penon will be used by Meridian Gold (MNG-T) to make a production decision by year-end.The Nevada-based company is …
Softrock adds to Greenland ground
Results of recent geological and geophysical surveys have prompted Softrock Petroleums (STZ-A) to further explore its Lindenow property in southeast Greenland.The junior says the property is prospecti…
Nelson prepares to resuscitate Kalana
A feasibility study by Nelson Gold (NLG-T) calls for a 2-stage development program at the Kalana gold project in Mali, in preparation for a return to production.Ashanti Goldfields (AHD.U-T) holds an 8…
PEOPLE — LEH VENTURES (July 28, 1997)
Gerard Dennehy appointed director.
DIAMOND PAGE — Drills turn near Voisey’s Bay
Three diamond drill rigs are at work on the VBE-1 claim block, situated east of, and adjacent to, Inco’s Voisey’s Bay nickel-Copper-Cobalt project in eastern Labrador.The program is operated by Falcon…
Greatest Value Traded, July 16-22
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Anglo to explore Kabanga
Over the next two years, South African mining house Anglo American plans to spend at least US$7 million exploring Sutton Resources’ (STT-V) Kabanga nickel project in northwestern Tanzania.Exploration …
Mine plans for Mizek
A feasibility study has recommended that the Mizek project in Kazakstan be developed into a gold and silver producer.Steppe Gold Resources (SPE-V) envisages a 1.1-Million-Tonne-per-year heap-leach ope…
Guyanor perseveres in French Guiana
Drilling of four targets on the St. Elie and Dieu Merci gold properties in French Guiana has resulted in varying degrees of success for Guyanor Ressources (GLR.B-T).The junior, which is exploring the …
Monarch confirms potential in Durango
Reverse-Circulation drilling at the San Agustin property in Mexico’s Durango state has intersected wide zones of gold and silver mineralization.Monarch Resources (MRE-T), which is in the process of ac…