AMT hits high grade at Copper Creek
Deep drilling at the Copper Creek project in southern Arizona has returned significant grades for AMT International Mining (AAI-T) at the Mammoth-Keel zone.The company has completed 12 holes, totallin…
News
Placer gains Solomon’s gold interests in Africa
Partners Channel Resources (CHU-T) and Solomon Resources (SRB-V) have entered into separate agreements that will allow Placer Dome (PDG-T) to earn up to a 65% interest in the Bombore and Naoube…
Companies (November 29, 1999)
AMT International MiningAnglo AmericanAnglogoldAnooraq ResourcesBema GoldCancor MinesChannel ResourcesChief Consolidated MiningComaplex MineralsConquistador MinesCorner Bay MineralsCumberland Resource…
EXPLORATION ’99 – Milpo drills at Cerro Lindo
Peruvian base metal producer Minera Milpo is close to having a reserve estimate at its Cerro Lindo zinc-copper-silver project in southeastern Peru.Recent drill results from the property, 175 km southe…
Icelandic Gold buys silver mine
Icelandic Gold (ICEG-C) will acquire the dormant Zgounder silver mine, in the Anti-Atlas Mountains of southern Morocco.The junior has signed a letter-of-intent with a mining arm of the Moroccan govern…
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EXPLORATION ’99 – Anooraq active in Bushveld Complex
Hunter-Dickinson-led Anooraq Resources (ARQ-V) stands to earn up to a 100% interest in a platinum exploration property in the Bushveld region of South Africa.The junior can earn an initial 70% interes…
Minefinders arranges financing for Dolores
Minefinders (MFL-T) has secured commitments for a non-brokered private placement of 1.8 million units priced at 90 cents per unit. Proceeds are expected to total $1.6 million.Each unit will consist of…
EXPLORATION ’99 – Cerro Dorado drilling in Chile
Cerro Dorado (CDCH-O) is preparing to drill the Cenizas gold property in northern Chile, having recently acquired the property from Fremont Gold (FGLD-O).The junior will drill up to 20 reverse-circula…
EXPLORATION ’99 – RARE METAL EXPLORATION ROUNDUP — Uganda Gold explores for tantalum
Vancouver-based Uganda Gold Mining (UGM-A) has signed a preliminary option agreement with Ugandan-based Shinda to explore and develop the Nyanga tantalite deposit in western Uganda.The high-grade depo…
EXPLORATION ’99 – NEWS ROUNDUP — Barrick eyes El Valle deposit
Barrick Gold (ABX-T) and Rio Narcea Gold Mines (RNG-T) are discussing a possible joint venture at certain of the latter’s properties in Spain and Portugal.Among these is the El Valle open-pit project …
INSIDER TRADING — Cyprus execs exercise options
After accepting a takeover offer by Phelps Dodge (PD-N), executives of Cyprus Amax Minerals (CYM-N) exercised options worth millions.Jeffrey Clevenger, officer, exercised 237,500 options at US$10.13-1…