Teck to conduct new study in Panama
Junior Adrian Resources (ADL-T) and Teck (TEK-T) have resolved their differences over further feasibility work at the former’s Petaquilla property in Panama.The major has agreed to complete a final fe…
News
AFRICA SPECIAL — Drill results confirm mineralization at Kahama
Diamond drilling by its joint-venture partner has increased the extent of mineralization at Pangea Goldfields’ (PDG-T) Kahama gold project in northwestern Tanzania.Results have been reported from six …
AFRICA SPECIAL — Trillion aims drills at Botswanan targets
A drill program is attempting to determine the similarity between the Kalahari gold property in Botswana and the Witwatersrand basin in neighboring South Africa.The 10,434-sq.-km Kalahari project is b…
Fording Coal enters trade agreement in Thailand
The federal government’s recent 2-week trade mission to Asia, which included provincial leaders and business leaders, has resulted in a multi-million-dollar deal for Fording Coal.The Calgary-based com…
Mineral Resources’ bid on hold
Checked in its bid for a 32% stake in Anvil Range Mining (ARO-T), Mineral Resources (MIC-T) says it has been “forced to re-evaluate” its offer for outstanding shares of the company.Mineral Resources m…
Lyon Lake resumes drilling in Costa Rica
Montreal-based Lyon Lake Mines (LLL-M) has resumed drilling at its Canamazo gold concession in Costa Rica.The new campaign will include 5,000 metres of reverse-circulation drilling, with the first 1,2…
AFRICA SPECIAL — NEWS ROUNDUP — Hymex recovers 24.7-carat diamond
During 1996, Hymex Diamond (HMD-V) produced 21,552 carats of diamonds from its alluvial mining operations in Guinea, West Africa. The diamonds are currently being sold by auction in Antwerp, Belgium.T…
AFRICA SPECIAL — Pan African Res. to increase mineral exploration in Gabon
Having sold an 80% stake in the Eteke permit in Gabon, Pan African Resources (PARC-C) intends to step up the pace of exploration at its Kolissen property in the central portion of that African nation….
AFRICA SPECIAL — TNK tests Gope prospect
Toronto-based TNK Resources (TNKR-C) has discovered a kimberlite pipe at its 100%-owned Gope prospect in central Botswana.The company tested five geophysical and kimberlitic indicator mineral targets …
AFRICA SPECIAL — Cyprus Amax is winner in first ZCCM privatization
As a test drive of Zambia’s privatization policy, Zambia Consolidated Copper Mines (ZCCM) has accepted a bid of US$28 million from Cyprus Amax Minerals (CYM-N) for an 80% interest in the Kansanshi cop…
AFRICA SPECIAL — NEWS ROUNDUP — Samax funds African exploration
A recent financing has netted $2.3 million, to be used by Samax Gold (SMX-T) to explore its extensive portfolio of gold mining and exploration projects in Tanzania, Ghana, Congo and Senegal.The newly …
Gran Colombia takes stock of Echandia
Drilling at the Marmato property in Colombia has encountered additional gold mineralization.The discovery by Gran Colombia Resources (GRM-T) follows a 17-hole diamond drill program which spanned 4,094…