Reserves have increased substantially at the Cerro San Pedro gold project near San Luis Potosi, Mexico.Metallica Resources (MR-T) reports that oxide reserves now stand at 77.3 million tonnes grading 0…
Junior Ursa Major International (URSA-C) has added a fourth gold property to its portfolio of mineral assets in Kazakstan.The Hamilton, Ont.-based company can acquire a 60% interest in the Nirinsk lic…
Two more holes drilled by Placer Dome (PDG-T) on the Fault Lake property, adjacent to the company’s Detour Lake gold mine in northern Ontario, have intersected gold mineralization.The property, held i…
Consulting firm Behre Dolbear has submitted to the government of Niger its initial recommendations for privatizing the country’s mining industry.From a database of 451 known mineral occurrences, Behre…
An engineering firm has been retained by America Mineral Fields (AMZ-V) to carry out a preliminary feasibility study for the past-producing Kipushi zinc mine in Zaire.London-based Techpro Mining and M…
Toronto-based Caledonia Mining (CAL-T) has released results from the second round of drilling at its Kadola West copper-cobalt prospect in the southern extension of the Zambian copper belt.Six of eigh…
During 1996, Hymex Diamond (HMD-V) produced 21,552 carats of diamonds from its alluvial mining operations in Guinea, West Africa. The diamonds are currently being sold by auction in Antwerp, Belgium.T…
Having sold an 80% stake in the Eteke permit in Gabon, Pan African Resources (PARC-C) intends to step up the pace of exploration at its Kolissen property in the central portion of that African nation….
Toronto-based TNK Resources (TNKR-C) has discovered a kimberlite pipe at its 100%-owned Gope prospect in central Botswana.The company tested five geophysical and kimberlitic indicator mineral targets …
As a test drive of Zambia’s privatization policy, Zambia Consolidated Copper Mines (ZCCM) has accepted a bid of US$28 million from Cyprus Amax Minerals (CYM-N) for an 80% interest in the Kansanshi cop…
A recent financing has netted $2.3 million, to be used by Samax Gold (SMX-T) to explore its extensive portfolio of gold mining and exploration projects in Tanzania, Ghana, Congo and Senegal.The newly …
A financing agreement is expected to provide SouthernEra Resources (SUF-T) with funds to develop the Klipspringer diamond project in South Africa.Proceeds of between $7.7 million and $15.5 million wil…
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