Yamana drills targets in Argentina
Drill results from the Microonda epithermal gold property in Argentina are proving consistently encouraging for Yamana Resources (TSE) and Noranda Mining & Exploration (a unit of Toronto-listed Norand…
News
Detector funds exploration program
Detector Resources (ASE) has raised $332,300 from two private placements. The first placement, comprising 626,875 shares at 16 cents each, garnered the company $100,300; the second, comprising 1.2 mil…
Cortex drills copper property in Utah
Utah-based Cortex Mining & Exploration (OTC) has completed reverse-circulation drilling on its Beaver Lake-Rocky copper project near Milford, Utah.The junior drilled 10 holes, consisting of 3,000 ft.,…
Cambior to acquire half of Gross Rosebel
Cambior (TSE) intends to acquire the half interest that Denver-based Golden Star Resources (TSE) holds in the Gross Rosebel gold project in Suriname.Since signing the option agreement in June 1994, Ca…
Columbia Yukon to begin drilling in Labrador
With $5 million in preliminary exploration work completed, Columbia Yukon Resources (ASE) is eager to begin drilling on 12 claim blocks in the Nain-Okak Inlet area of Labrador.Three of the claim block…
Pangea funds Fenn-Gib study
A private share placement will leave Pangea Goldfields (TSE) with $1.4 million to perform a feasibility study on the Fenn-Gib gold project, east of Matheson, Ont.Prefeasibility work by Kilborn Enginee…
STOCK MARKETS — Rising gold price adds oomph to Western markets
With gold prices on a run towards the US$400 mark, western markets surged ahead over the report period ended Jan. 9. The resource index advanced 43.66 points to close at 1,335.71, while the composite …
Minieres du Nord examines gold property north of Matagami, Que.
Results from grab and drill core samples taken by Exploration Carats from its 59-claim, Eastmain-7 property have caught the eye of Explorations Minieres du Nord (ME), leading to an option agreement.Th…
Viscount and Guardian jointly to aquire interest in Mexican gold-silver concession
Partners Consolidated Viscount Resources (VSE) and Guardian Enterprises (VSE) can jointly acquire a 31.85% interest in a 12,000-acre gold-silver concession in Mexico’s Durango state.Viscount and Guard…
Juniors form gold exploration venture
An agreement among several parties sets the stage for the formation of a company to explore the Bear claim group in Telkwa Pass, 45 km southwest of Smithers, B.C.Alberta-listed MRC Technologies will j…
Verdstone, Stirrup to drill in Nevada
Joint-venture partners Verdstone Gold (VSE) and Stirrup Creek Gold (VSE) will spend US$300,000 exploring the Victorine mine property, southwest of Austin, Nev.Surface and underground drilling will beg…
Positive feasibility in hand for Mineral Ridge project
With a positive feasibility study in hand, management of Cornucopia Resources (TSE) is aiming to bring its Mineral Ridge gold project into production by the first quarter of 1997.The project is situat…