MacDonald, Golden Hill cut sulphides
Drill holes at the Florencia-Jabobo exploration concession, 750 km southeast of Havana, Cuba, have intersected sulphide mineralization.Joint-venture partners MacDonald Mines Exploration (ASE) and Gold…
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Faro holds promise for cash-strapped Anvil
For the fiscal year ended Oct. 31, 1995, Anvil Range Mining (TSE) lost $3.1 million, or 23 cents per share. But the company hopes soon to find itself back in the black now that production has resumed …
Freegold to acquire Idaho leach project
Through an agreement with a third party, International Freegold Mineral Development (VSE) has acquired an option on the Almaden gold project, 75 miles northwest of Boise, Idaho.Ican Minerals (TSE) cur…
Japanese to buy stake in Collahuasi
A Japanese consortium will buy a 12% equity interest in the Collahuasi copper project from joint owners Falconbridge (TSE) and Luxembourg-based Minorco.The consortium, which includes Mitsui & Co., Nip…
Daren looks toward industrial minerals
The acquisition of three properties will see Daren Resources (VSE) shift its focus to industrial minerals.Daren will acquire the properties for costs incurred, with vendor Crystal Capital retaining a …
Silver showing found in Atikokan area
Privately owned Atikokan Resources has reported high silver grades from a surface showing 32 km northeast of Atikokan, Ont.Geologist Raymond Bernatchez says the showing has been traced along a 500-met…
International Gold updates reserves at Bibiani
Following the completion of a feasibility study at its Bibiani gold project in Ghana this summer, International Gold Resources (TSE) has completed an additional 100 drill holes and recalculated reserv…
Argosy drops Dunka Road prospect
Argosy Mining (VSE) has dropped its option on the Dunka Road copper-nickel deposit in Minnesota in favor of advancing its epithermal deposits in Central Europe.The company held an option to earn a 60%…
Coeur to acquire gold producer
Coeur d’Alene Mines (NYSE) recently acquired an option to earn a 20% interest in Australian-based Gasgoyne Gold Mines and is now planning to make a takeover bid for all that company’s issued shares.Am…
Gold mineralization intersected at Winteroad
Two drill holes at the Winteroad property of Patrician Gold Mines (ASE), east of Matheson, Ont., have intersected gold mineralization in quartz-carbonate veins.The highest-grade intersection in hole Q…
Murgor continues work in Barry Twp.
In Ontario, diamond drilling is under way on the Barry Twp. property of Murgor Resources (VSE).The first phase of the winter program consists of systematic, shallow drilling of the gold showing, where…
Canyon gains gold property in Brazil
Canyon Resources (NASDAQ) has extended its option on several mineral concessions in Brazil’s eastern Amazon region.The decision follows the acquisition, by Toronto-listed Golden Star Resources, of a 1…