Eritrea boasts potential
Eritrea, a newly independent African country on the Red Sea, holds solid potential for mineral deposits, according to a report by R. Rumbold et Associes. “Almost the whole of the country consists of P…
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Republic signs second Cuban letter
Vancouver-listed Republic Goldfields has signed a second letter of intent with the Cuban government to explore and develop a large, 2,100-sq.-km. concession on the eastern side of the island. The conc…
LAST BUT NOT LEAST — Preussag subsid to sell Ego cobalt
Cobatec, a wholly owned subsidiary of Ego Resources (TSE), will allow Amalgamet Canada to market cobalt products produced at Ego’s recovery plant near Cobalt, Ont. The plant, to come on-stream in the …
Asia Minerals advances Chinese joint venture
An independent feasibility study prepared for Asia Minerals (VSE) by Cominco Engineering Services has firmed up reserves at the QDS project in Shanxi province, northeastern China. The deposit is estim…
Kennecott driving Lac de Gras ramp
It’s official. Kennecott has informed DHK Resources that it intends to extract a 5,000-tonne bulk sample from the Tli Kwi Cho (DO-27) diamond-bearing pipe in the Lac de Gras region of the Northwest Te…
First prize: trip to Africa
In keeping with its African safari theme for the annual fall fair of The Women’s Association of the Mining Industry of Canada (WAMIC), the first prize in a raffle will be two tickets to South Africa. …
Chetwynd buys interest in granite property
An agreement has been reached allowing Chetwynd Resources (CDN) to buy a 25% interest in privately owned Positano Granite Products. Positano holds seven claims near Sudbury, Ont., which contain a gran…
High River sees African potential
Toronto-based High River Gold Mines (TSE) is turning some of its attention to Africa. The junior, which is developing a gold project in Manitoba, has signed a letter of intent with an unnamed private …
Tintina acquiring Yukon molybdenum property
Regulators have approved Tintina Mines’ (TSE) purchase of Amoco Canada Petroleum’s 50% interest in the Red Mountain molybdenum deposit. Tintina currently owns the other half. The deposit, 50 miles nor…
LAST BUT NOT LEAST — Eureka financing complete
Vancouver-listed Eureka Resources (VSE) has negotiated a private placement of slightly more than a million shares at 17 cents per share. The placement carried with it an option on an additional millio…
LAST BUT NOT LEAST — Queenston completes placement
Toronto-listed junior Queenston Mining (TSE) has completed a Euro Equity offering with European investors for 441,000 units at 85 cents per unit. The units consist of one share and one warrant; two wa…
LAST BUT NOT LEAST — Hemlo options Labrador trough gold
Toronto-listed Hemlo Gold Mines can earn a half interest in Virginia Gold Mines’ (ME) Sagar III property in the Labrador trough area of Quebec. To do so, Hemlo must spend $2.5 million on exploration a…