Metallica expands Cerro San Pedro
Junior Metallica Resources (MR-T) is expanding the limits of mineralization at the Cerro San Pedro gold-silver project in central Mexico.Based on a 1995 drill program and a subsequent prefeasibility s…
News
Franc-Or funds Guiana work
With a third and final private placement completed for $500,000, Franc-Or (FOR-T) has raised a total of $2.7 million to fund its gold-diamond projects in French Guiana.Chief among these is the 121.5-s…
Silver Tusk drills Indonesian target
An initial phase of drilling is planned for the Karya Bukit Utama gold-silver property, on the Indonesian island of Sumatra.Consolidated Silver Tusk Mines (CKT-V), which holds rights to an 80% interes…
BASE METALS SPECIAL — Tri Origin enters JV with Aussie major
In a move to diversify into base metals, Tri Origin (TOE-T) has formed a joint venture with Savage International Exploration, a unit of Savage Resources of Australia.The parters will explore Central a…
BASE METALS SPECIAL — Globex Mining eyes Bateman
Gold targets feature prominently in the list of projects being worked by Globex Mining Enterprises (GMX-T). This year, however, the junior acquired two projects where copper is the primary commodity o…
BASE METALS SPECIAL — Voisey’s Bay juniors are down but not out
The rise and fall of Cartaway Resources (CWA-A) after no more than a hint of nickel mineralization was found in core from one of its Labrador properties has definitely dampened the spirits of the scor…
San Fernando looks to sell La Fortuna
San Fernando Mining (SNF-T) has granted Chester Millar an option on the Fortuna mine in Durango, Mexico.Millar, who is chairman of Glamis Gold, paid the company US$50,000 for the option. He has until …
Ontario, natives reach mineral development deal
A major obstacle that discouraged mineral development on Ontario’s native reserves has been overcome.An agreement between the Ontario government and the Eabametoong First Nation will repeal provisions…
BASE METALS SPECIAL — MIM of Australia eyes Keltic ground
Through a subsidiary, Mount Isa Mines of Australia has secured an option to earn an interest in five Panamanian properties. The properties are, in turn, held by a 60%-owned subsidiary of Western Kelti…
Meetings (June 24, 1996)
June 24, Int’l Mining June 24, Thor ExplorationsJune 24, Timbuktu GoldJune 25, Abacus MineralsJune 25, Adex MiningJune 25, AnvilJune 25, AurexJune 25, Banner MiningJune 25, FairfieldJune 25, GoldcorpJ…
American Exchange unveils gold index
At a conference in Manhattan, the American Stock Exchange (AMEX) demonstrated an interest in the yellow metal by introducing a new index of selected gold mining companies.Known as Gold BUGS, the index…
Chesbar negotiates in Venezuela
Exploration of La Salle I, a gold property of Chesbar Resources (CBI-M) in eastern Venezuela, has been postponed until after aquisition negotiations are completed.Chesbar owns 80% of the concession an…