Resource expands at Damoti Lake
Drilling by Quest International Resources (qix-t) has increased the resource of the Horseshoe gold zone at Damoti Lake in the Northwest Territories.The new resource is estimated at 606,000 tons gradin…
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Nelson Gold (tse)*
3 months ended June 3019971996Revenue$3,710N-ANet earnings (loss)(2,672)(959)per share(0.04)(0.02)6 months ended June 3019971996Revenue$7,933$111Net earnings (loss)(2,285)(1,689)per shar…
Petro defaults at Blackdome
The deal is off between Petro Plus (PPV.A-A) and the owners of the Blackdome mine project, a former gold producer near Clinton, B.C.Petro Plus defaulted in making two payments totalling $1.4 million a…
LITERATURE REVIEW — NEWS ROUNDUP — Cartaway to drill near Voisey’s Bay
Work by Cartaway Resources (CWA-A) at its Cirque and BR-E projects in Labrador will resume once the company completes a rights offering worth $1.9 million. The properties lie within a 90-km radius of …
Mar-West outlines gold find in Honduras
In just three short months, Vancouver-based Mar-West Resources (MSR-V) has outlined a minimum 750,000-oz. resource in the Sinter zone, an exciting new gold find at its San Martin concession in central…
Amblin Res. to drill Lyndhurst
A proposed financing will provide funds for Amblin Resources (AX-A) to drill the Lyndhurst copper-lead-zinc-gold property, a past producer near Rouyn-Noranda, Que.Yorkton Securities is arranging the f…
ODDS ‘N’ SODS — On top of the world, Part 2
.BBS.J. HUNTERJack Zucco, my boss at the Red Rose tungsten mine in mountainous northern British Columbia, was a meticulous leader and task-master who wisely moved me from job to job to make me adaptab…
Armada cranks out record volume of copper in Mongolia
Armada Gold (AAU.U-T) reports that the jointly held Erdmin solvent extraction-electrowinning (SX-EW) copper plant in Mongolia produced a record 315 tonnes of copper cathode in July.The plant is curren…
LITERATURE REVIEW — NEWS ROUNDUP — Kernow, Tellis hunt for diamonds
Labrador’s Voisey’s Bay region may be known for its nickel-copper-cobalt deposit, but Kernow Resources & Development (KRD-V)and Tellis Gold Mining (TLL-V) are still hunting for diamonds on their Claim…
Gitennes finds new gold zone at Virgen
Drilling by Gitennes Exploration (GIT-A) has identified a new zone of mineralization at its Virgen gold property in north-central Peru.Hole 97-24 intersected four separate gold-bearing zones while tes…
LITERATURE REVIEW — Philex picks up more Philippine ground
Philex Gold (PGI-T) has acquired, through a royalty agreement, a gold property in the historic Bicol gold district of Luzon Island, Philippines.The Balce property consists of 42 claims acquired from l…
Robex turns drills in western Mali
Drilling is under way at the Baroya property in western Mali.Operator Robex Resources (RBX-M) will drill-test several geochemical and geophysical targets, which occur along two linear features: a sout…