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Champion to option ground in Ghana
Champion Resources (VSE) intends to enter into a joint-venture agreement with Toscana Resources (VSE), owner of the Tenapu and Gomes properties in Ghana.The deal is contingent on results of auger dril…
Horne, Timmins head list of Hall of Fame inductees
One was born two years before Confederation; another is working in his office this morning. The eight men recently inducted into the Canadian Mining Hall of Fame span the history of Canadian mining an…
Guyanese commission recommends restart of Cambior’s Omai gold mine
The commission investigating the failure of the tailings dam at the Omai gold mine in Guyana has recommended that the Guyanese government allow the operation to re-open.Omai’s owners, Cambior (TSE) an…
X-Cal plans further work on Sleeper gold project
Drilling on the Sleeper Extension project in Nevada’s Humboldt Cty. has returned gold values for X-Cal Resources (TSE), and work is expected to continue.The 4,200-acre property adjoins Amax Gold’s Sle…
Tandem-NAR to expand program
At their Guibord Twp. property, 17 km east of Matheson, Ont., juniors Tandem Resources (ME) and NAR Resources (ME) are following up on mineralization intersected in drilling at the end of 1995.The com…
Drilling tests the Mampon discovery
Results are in hand for the first diamond drill hole to test the Mampon discovery at the Dunkwa property in Ghana.The hole returned an average of 0.21 oz. gold per ton over 200 ft., including 36 ft. o…
East West starts Red Lake program
Vancouver-listed East West Resource (VSE) has obtained funds to start a work program on its Heyson Twp. property near Red Lake, Ont.Line-cutting crews are on site, and have started a grid of about 40 …
Newhawk plans Nevada drilling
Reverse-circulation drilling will be applied to the Goldbanks property, 30 miles south of Win- nemuca, Nev.Newhawk Gold Mines (TSE) says the 5,000-ft. program is intended to test two targets.One of th…
Republic announces private placement
A recent agreement sets the stage for a private individual to buy 1 million units of Republic Goldfields (VSE) at 50 cents per unit, subject to regulatory approval.Each unit consists of one common sha…
Charles Fipke turns attention to gold exploration in Nevada
Charles Fipke, chairman of Dia Met Minerals (TSE), will oversee a gold exploration venture into Nevada.The $4-million work program will be operated by Dia Met, under the terms of a recent joint-ventur…
Newmont Gold opts to write down Grassy Mountain
After losing nearly a million ounces from its reserve base last year, Newmont Gold (NYSE) chose to write down its investment in the Grassy Mountain property in eastern Oregon.The major acquired the pr…