Anooraq aims drills at Bushveld
Anooraq Resources (ARQ-V) is raising $4 million to carry out drilling at the Platreef platinum-palladium property in South Africa.The company stands to earn a maximum of $3.3 million by way of a priva…
News
Vengold racks up more losses
The third quarter of 1999 was another bad one for Vengold (VEN-T), which lost US$76.4 million (US53 cents per share) on gold sales revenue of US$10.5 million, compared with a loss of US$6.8 million (U…
EXPLORATION ’99 – Tenke explores for gold at Vicuna
Tenke Mining (TNK-T) has begun a gold exploration program at the Vicuna project in Argentina’s San Juan province.The property is in a relatively unexplored region, between the Maricunga gold belt to t…
EXPLORATION ’99 – Eastmain, Bubbee expand holdings
Among the companies hoping to revive New Brunswick’s mining industry are Eastmain Resources (ER-T) and unlisted Bubbee Ventures. The companies recently acquired additional claims in the area to cover …
EXPLORATION ’99 – Foran updates McIlvenna Bay resource
Foran Mining (FOM-V) has released an updated resource estimate for its McIlvenna Bay zinc-copper-gold deposit, in the Saskatchewan portion of the Flin Flon greenstone belt.M’Ore Exploration Services p…
EXPLORATION ’99 – Mindoro finds gold at Agata property in Philippines
Edmonton-based Mindoro Resources (MIO-A) is enjoying early success from reconnaissance drilling at its Agata gold project on the Philippine island of Mindanao.From 11 diamond drill holes totalling 798…
EXPLORATION ’99 – Copperstone outlines targets
Consolidated Copperstone Resources (CCP-V) has homed in on two base and precious metal targets on its Ruedas project in Zacatecas state, Mexico.The property is in the Altiplano geological complex, whi…
EXPLORATION ’99 – Odyssey looks to explore Turkish projects
A fatter wallet will make a big difference to junior explorer Odyssey Resources (ODYS-C), whose new financing signals the start of work on a portfolio of properties in the Middle East and North Africa…
EXPLORATION ’99 – Azco expands silver holdings
Azco Mining (AZC-T) has picked up additional property around the Adelita silver project in Sonora state, Mexico.The junior’s land package, which now exceeds 120 sq. km, is near the Alamo Dorado silver…
EXPLORATION ’99 – Barrick eyes Pascua as next Goldstrike — Increased reserves, speedy development planned
With a US$20-million surface exploration program in full swing, Barick Gold (ABX-T) is determined to transform its Pascua project in Argentina into the largest gold and silver mine in South America.Pa…
EXPLORATION ’99 – Diamond exploration heats up Down Under — Lac de Gras-like conditions attract junior companies
More and more junior companies are turning their attention to Australia’s diamond exploration potential.Caldera Resources (CDR-M) recently entered into a joint venture with Southern Era Resources (suf…
EXPLORATION ’99 – NEWS ROUNDUP — Copper Hill hits Nfld base metals
Preliminary drilling by Copper Hill (CUHL-C) has intersected copper-zinc-lead mineralization at its North Powderhorn Lake property, near Grand Falls, Nfld.Hole 1, drilled vertically to a depth of 36 m…