Corriente finances Peruvian programs
Corriente Resources (CTQ-T) will use proceeds from a $20-million brokered private placement to fund exploration in Peru and Argentina.The company closed a private placement of 1.5 million special warr…
News
Loubel cuts more copper at Queylus
Junior Loubel Exploration (LBX-M) has drilled a new copper intersection on its Queylus property near Chibougamau, Que.Hole 5, drilled over a 3-km-long induced-polarization conductor inside a granitic …
Arian completes engineering studies for Julietta
Having completed first-phase engineering studies, Arian Resources (ARA.U-T) is moving forward with plans to build a mine and associated infrastructure at the Julietta property in the Madagan region of…
Mansfield outlines new gold zone
Surface trenching on the Cerro Gordo property in the Argentine province of Salta is defining a northeast-southwest-trending zone of gold-silver mineralization.Mansfield Minerals (MDR-V) tested 1,300 m…
Roxmark drills in Geraldton camp
Drilling has resumed at the Geraldton, Ont., gold property held jointly by Toronto-based Roxmark Mines (RMK-T) and the Canadian subsidiary of Cyprus Amax Minerals (CYM-N).The 1997 program will span at…
Coeur d’Alene eyes gold producer
An option agreement sets the stage for Coeur d’Alene Mines (CDE-N) to acquire a producing gold mine next to its El Bronce operation in northern Chile.In the meantime, the company is buying ore from th…
Thunderwood sets to work at Radar property
Toronto-based juniors Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) have launched their 1997 exploration program at the 3,378-ha copper-zinc-gold Radar prospect near Flin Fl…
MacDonald starts drilling at Golden Hill in Cuba
While exploration continues on its Florencia concession in Cuba, MacDonald Mines Exploration (MMP.A-A) has begun drilling its nearby Golden Hill property in order to calculate a resource estimate for …
Altavista finds new gold zone at Santa Anna property
Junior Altavista Mines (AIA-M) has discovered another gold-bearing structure at its Santa Anna property, 15 km southwest of La Sarre in northwestern Quebec.The new discovery, called Zone 10, is 100 me…
Keylock Res. gets nod for foreign venture
The Alberta Stock Exchange has given its conditional approval for Keylock Resources (KL-A) to acquire all the shares of Centramining, a private company with interests in four gold projects in Kazaksta…
LITERATURE REVIEW — NEWS ROUNDUP — Great Lakes restructures
At a special meeting in late January, more than 98% of the shareholders of Great Lakes Minerals (GKM-T) approved the sale of the company’s Mexican assets to a wholly owned subsidiary, Newmex Mining.Th…
LITERATURE REVIEW — NEWS ROUNDUP — Verena seeks Rainbow jewels
A bulk-sampling program by Verena Minerals (VMCO-C) will test alexandrite and emerald deposits at the Rainbow project in Brazil. The junior controls more than 1.2 million ha of prospective gold and ge…