Soquem, Oasis cut gold-bearing zone
Quebec Crown-owned Societe Quebecoise d’Exploration Miniere (Soquem) and Consolidated Oasis Resources (ME) report positive drill results from the Fancamp gold property near Chibougamau, Que. Hole 95-5…
News
Granges hopes to revive Tartan Lake gold project
Having remained idle since October, 1989, the Tartan Lake gold mine near Flin Flon, Man., is once again rumbling under the pressure of drills. Owner Granges (TSE), intent on boosting minable reserves,…
LATIN AMERICA SPECIAL — Placer Dome advances Latin American
Ongoing exploration by Placer Dome (TSE) is enhancing the potential of the company’s 70% owned Las Cristinas gold project in Venezuela’s Kilometre 88 district. “We are still drilling at Las Cristinas …
Bitech to sell Nugget Pond
Ownership of the Nugget Pond mining property in central Newfoundland is about to change hands. Alberta-listed Bitech has agreed to sell the property, along with its associated rights, interests and ro…
IGR conducts infill program at Bibiani
TSE-listed International Gold Resources has succeeded in drilling nine shallow reverse-circulation holes and six deeper diamond drill holes at the Bibiani gold project in Ghana. Three intersections, w…
Antares boosts reserves at Lady Lina
Exploration activity has led to an 18% increase in reserves and resources at the Lady Lina gold property in Zimbabwe. Antares Mining & Exploration (TSE) reports that proven and probable reserves now s…
LATIN AMERICA SPECIAL — Britannia to drill Peruvian copper
Now that a border dispute between Ecuador and Peru is settled, drilling is expected to begin on the Peruvian Las Lomas porphyry copper-gold property. The US$300,000, first-phase program will be operat…
LATIN AMERICA SPECIAL — Construction under way at
Pre-production work began early this year at the Moris heap-leach gold project in Chihuahua state, owner Manhattan Minerals (VSE) reports. The Vancouver-based junior is constructing an open-pit operat…
Black Hawk ups reserves at Redstone
New reserves have been outlined at the Redstone nickel mine near Timmins, Ont. Owner Black Hawk Mining (TSE) calculated about 154,600 additional tons following a 25-hole drill program designed to test…
Radisson drills Breakwater property
Junior Radisson Mining Resources (ME) has completed a 10-hole drill program on the O’Brien gold property in Cadillac Twp., Que. Drilling was concentrated on several veins within the 36E zone. Of 19 in…
LATIN AMERICA SPECIAL — Drilling program undertaken —
Copper and gold are not the only commodities being pursued by North American-based companies in Peru. Cominco Resources International (TSE), soon to be merged with its parent company Cominco (TSE), in…
Nebex options two Albanian properties
Alberta-listed Nebex Resources will earn interests in two polymetallic concessions in Albania. The Calgary-based junior chose to work in the European country because of the abundance of natural resour…