EXPLORATION — New horizon at Caber North
Drilling has opened up an untested horizon and added to the potential of the Caber North base metal target in northern Quebec’s Matagami region, reports Southern Africa Minerals (SAF-T).A 4,000-ft. dr…
News
EXPLORATION – NEWS ROUNDUP — Mountain Lake finds disseminated gold
Toronto-based Mountain Lake Resources (MOA-V) has reported the discovery of a new style of disseminated gold mineralization at its Valentine Lake project in Newfoundland.Hole 98-97 cut two near-surfac…
TSE SHORTS (November 30, 1998)
Short positions outstanding at November 15, 1998Larger individual positions include: Abitibi Consolidated 1,138,990; Alcan Aluminium 1,358,606, up 274,401; Anderson Exploration 214,560; Asia Pacific R…
DIAMOND PAGE — Monopros cements presence
Monopros, the Canadian exploration arm of De Beers Consolidated Mines (DBRS-Q), is looking at Canadian diamond potential over the long haul.The company recently added an office in an east-Toronto subu…
Vizcachitas gets closer look
In a low-price environment, when second-quartile producers just aren’t good enough, many mining companies are forced to persuade bankers that their mines can still make money. The process is doubly ha…
EXPLORATION – Radisson seeks to raise funds
A proposed financing arrangement would allow Radisson Mining Resources (RDS-M) to explore three of its gold-base metals properties in Quebec.The financing has two components. The first calls for the i…
Geomaque reports loss
Although production at its San Francisco gold mine was up by more than a third, Geomaque Exploration (GEO-T) was unable to turn a profit in the latest third quarter.The mine, in Mexico’s Sonora state,…
EXPLORATION – Tri Origin homes in on Cobar camp
A 1,650-sq.-km land package in Australia’s Cobar mining camp is providing a new exploration focus for Tri Origin Exploration (TOE-T). The newly optioned holdings are also a natural fit with the compan…
Newfoundland to amend Mineral Act
In a move clearly aimed at heading off any challenges by Voisey’s Bay developer Inco (N-T), the government of Newfoundland has tabled a bill to amend the province’s Mineral Act.The bill, introduced in…
EXPLORATION — Corona explores deposit near Hemlo
Corona Gold (CRQ-T) has begun exploring the Sugar zone gold property, 60 km east of Hemlo, Ont.The Toronto-based company is optioning the 11,680-acre property from Harte Resources (HTRC-C) and will ca…
Minera Andes finds more gold in Patagonia
Exploration at the El Pluma/Cerro Saavedra property in southern Argentina has resulted in the discovery of another significant gold-silver zone for Minera Andes (MAI-A).Reconnaissance sampling has loc…
EXPLORATION – Canabrava, Paramount continue diamond search
The downturn in resource markets has prompted Teck (TEK-T) to withdraw from its diamond joint venture with Canabrava Diamond (CNB-V).Having regained 100% of the Brazilian project, Canabrava is reviewi…