News

Virginia set to drill La Grande Sud

Drilling by Virginia Gold Mines (VIA-M) is about to test a new gold target at La Grand Sud in the James Bay region of Quebec.Recent surface work identified a shear zone associated with a major contact…



EXPLORATION ROUNDUP — SLOVAKIA in a nutshell

Total area: 48,845 sq. km (about twice the size of New Hampshire) Terrain: rugged mountains in the central and northern part, and lowlands in the southClimate: temperate; cool summers; cold, cloudy, h…



Princess advances projects in Tanzania and China

With a drill program under way in Tanzania, Princess Resources (PRL-V) is awaiting government approval for several new projects in China.The company recently signed two letters-of-intent in China’s Hu…


Ottawa revises Canadian mining policy

In an effort to make Canada a more attractive place in which to explore and mine, the federal government has rewritten its minerals and mining policy.”Essentially, the old policy was international in …





EXPLORATION ROUNDUP — Model Office report in hand

Ontario’s resident geologists program should remain intact, but recording of claims should be centralized in Sudbury, according to a report released by the province’s Ministry of Northern Development …


Placer bids to acquire PNG company

A takeover bid has been launched by Placer Dome (PDG-T) for Highlands Gold, a Papua New Guinea-based company that owns 25% of the Porgera gold mine, and for the remaining 24.6% interest of subsidiary …


FACTS’N’FIGURES — Gold demand stays high

Aggregate gold demands in the markets monitored by the Geneva-based World Gold Council reached 655 tons in the third quarter of 1996, just 2% below the record high of 668 tonnes for the corresponding …


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