Agate Bay, partner drilling at Pachina
Partners Agate Bay Resources (ABE-V) and Demand Gold (DOT-V) have drilled six reverse-circulation holes at the Pachina prospect in Chile.The property covers widespread copper-gold showings within a ge…
News
Cordex inks deal with Cathedral
Cordex Exploration has signed an agreement with Cathedral Gold (CAT-T) to option the 75 North gold property in the Battle Mountain trend of Nevada.Cordex can earn a 65% interest in the 2,100-acre prop…
Drilling firms up Guadalupe de los Reyes
The latest round of drilling by Northern Crown Mines (NCW-V) has returned the highest-grade intercepts encountered to date at the Guadalupe de los Reyes property in northeastern Sinaloa state, Mexico….
Drilling cuts gold at San Antonio
The first five holes drilled on the San Antonio prospect at the Minoro project in Honduras encountered multiple intervals of gold mineralization in two separate limestone beds.Selected intervals inclu…
STOCK MARKETS — Heavy trading reported among Western juniors
With more than five months remaining in 1996. Strong trading in junior resource stocks pushed the Vancouver Stock Exchange to an all-time annual record high for the value of shares traded. The previou…
Newmont, Sumitomo ink Batu Hijau deal
Newmont Gold (NGC-N) and Japan-based Sumitomo have reached an agreement to develop jointly the Batu Hijau copper-gold deposit on the Indonesian island of Sumbawa.Newmont will hold a 45% interest, havi…
Arauco to take over Back River
Homestake Canada, the Canadian unit of Homestake Mining (HM-N), and its joint-venture partners, Kerr McGee and the Maclab group, have granted Arauco Resources (ARU-V) an exclusive 45-day option to buy…
ODDS’N’SODS — The Year of the Bear
In 1939, when the foliage was just starting to turn color in Timmins, Ont., Danny O’Reardon invited Lou Romauldi and me for a weekend of fishing for whitefish.We were to drive to the destination, whic…
EDITORIAL PAGE — A vicious circle
The lawsuit filed by Exdiam against Diamond Fields Resources and various other parties has stalled the proposed takeover of Diamond Fields by Inco.Whatever its merits, the case is being taken seriousl…
COMMENTARY — The healing power of gold
Although the unique qualities of gold are helping people live longer and more productive lives, the medicinal qualities of the yellow metal have been acknowledged for centuries.In medieval Europe, alc…
EAG raises $33m to explore Africa
The newest member of the stable of juniors affiliated with St. Genevieve Resources (SGV-T) has raised $33 million to explore greenstone belts in Africa.Emerging Africa Gold (EAGI-C) acquired several g…
Cyprus Amax drills in Indonesia
A drill program by a unit of Cyprus Amax Minerals (CYM-N) is under way at Kalimantan Gold’s (KALG-C) Mansur prospect in Kalimantan, Indonesia.Cyprus has completed five of the seven holes planned for t…