NEWS ROUNDUP — Rhino completes initial drilling
Junior Rhino Resources (VSE) has finished drilling five holes, totalling 2,000 ft., on the Ned claims near Kamloops, B.C. The program tested what is believed to be an epithermal zone over a distance o…
News
Nugget Res. plans drilling program
A mid-February start is planned for a drilling program at the Australian gold project of Nugget Resources (ASE). The junior’s property is in the famous Hill End district of New South Wales. President …
Greenstone financing raises $8.4 million
Latin American gold producer Greenstone Resources (TSE) has completed a 2-series convertible debenture offering valued at $8.4 million. Each series has a 5-year term and may be converted into Greensto…
Cyprus seeks El Abra funding
With a feasibility study wrapped up, Cyprus Amax Minerals (NYSE) is seeking almost US$1 billion to develop the Chilean copper project known as El Abra. The company is seeking a loan of $US700 million …
Drilling tests copper-cobalt targets in Mexico
Drilling on Copperstone Resources’ (VSE) Purgatorio concession in Mexico has confirmed the continuity of sediment-hosted copper-cobalt mineralization. The concession, situated north of Santa Rosalia i…
Uranium Institute to mark 20th year
The 1995 Symposium of The Uranium Institute will mark that organization’s 20th anniversary. The event is scheduled for Sept. 6-8 in London, England. Key issues to be addressed include decommissioning …
Platinova gets moly play
Following recent price increases in the molybdenum market, Platinova A/S (TSE) has acquired the Malmbjerg deposit in Greenland. The deposit is 20 km from deep tidewater on the east coast at 72 north l…
DIAMOND NEWS ROUNDUP — Aber announces further results from
Diamond explorer Aber Resources (TSE) has released final results from two small-diameter holes drilled last fall on its Diavik project in the Northwest Territories. A total of 349.5 kg of kimberlite w…
STOCK MARKETS — Sliding indexes add to ongoing VSE slump
The Vancouver Stock Exchange indexes continued on a downward slide over the report period ended Jan. 17. The composite index dropped 13.68 points to close at 742.52 while the resource index fell 33.31…
Princeton drilling Elenita copper project in Chile
At the Mina Elenita copper property in northern Chile, a reverse-circulation drill program is in full swing. The property, situated near Antofagasta, hosts a manto-type oxide copper deposit with an es…
East Africa drilling in Tanzania
Partial assay results received from a shallow drill program on East Africa Gold’s (VSE) Nyakafuru property in Tanzania have confirmed the presence of significant gold mineralization. The 63-hole, 906-…
Juniors swarm near Murgor
Geophysical work — including magnetic, induced-polarization and very-low-frequency surveys — is being carried out by Murgor Resources (VSE) on its 14-claim property near Lebel-sur-Quevillon, Que. Pr…