LATIN AMERICA — Teck buys Adrian shares
Adrian Resources (ADL-T) has raised $1.7 million by selling 500,000 of its shares to senior partner Teck (TEK-T).The major has until Jan. 21, 1998, to complete a bankable feasibility study for Adrian’…
News
LATIN AMERICA — Lyon Lake drills to boost Beta Vargas — 5,000-metre program under way at Costa Rican project
A drill program is attempting to increase the known resource of 2.9 million tonnes grading 1.33 grams gold per tonne at the Beta Vargas concession in Costa Rica.Lyon Lake Mines (LLL-M) has drilled the…
High grades confirmed at VenCan’s Edwards play — Company and former director to meet in court
Underground sampling by VenCan Gold (VCGMm) has confirmed the grade and continuity of two mineralized zones at its Edwards gold project, near Wawa, Ont.The project is being managed by River Gold Mines…
First Dynasty fails to secure Indonesian mine
Indonesia’s state-owned mining company, Aneka Tambang, has decided to include the Gunung Pongkor gold mine in its initial public offering planned for later this year.As a result of this decision, Anek…
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…
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…
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 — 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…