LATIN AMERICA — Rhodes incorporates new company
In order to focus on its Central European gold projects, Rhodes Mining (RHO-V) has incorporated a new company, Hyperion Resources (soon to be listed on the Vancouver Stock Exchange) to hold its Cuban …
News
Rift cleared to explore Ugandan property
Junior Rift Resources (RIF-V) has been granted a second exclusive prospecting licence in Uganda.The new licence covers 3,374 sq. km, bringing the area of Rift’s licensed holdings in the country to 10,…
LATIN AMERICA — Vista to drill gold project in Venezuela
Vista Gold (VGZ-T) will begin drilling its Guariche gold property in Venezuela next month in an attempt to confirm proven and probable reserves.The resource at the Triunfo 1 concession, within the 25-…
Mystery persists over de Guzman’s disappearance
Solid information on the disappearance of Michael de Guzman, project manager of Bre-X Minerals’ (BXM-T) Busang gold deposit, is still not available.Guzman apparently committed suicide on March 18 by j…
Tale of the tape at Busang
Bre-X Minerals disclosed these drill hole results from due-diligence investigations by Freeport-McMoRan at the Busang gold project:HoleInterval(m)Bre-X Go…
PEOPLE — ABSTRACT ENTERPRISES (April 07, 1997)
Mohamed Verjee and Karim Nanji appointed directors.
SPOT PRICES AT A GLANCE (April 07, 1997)
Wednesday, April 2, 1997Price (US)Week’s ChangeGold*$350.70+ $3.90Silver*$ 4.98…
LATIN AMERICA — Impact starts exploration program at Eagle Mountain
A follow-up exploration program by Impact Minerals (IPT-V) is testing the Eagle Mountain gold property, some 45 km from Cambior’s Omai gold mine in central Guyana.The program is being funded by Calgar…
LATIN AMERICA — Junior eyes Mexican project
Toronto-based Breckenridge Minerals (BREK-C) has signed a joint-Venture agreement allowing an Ontario numbered company to earn a 25% interest in the Palmarejo silver project in Chihuahua state, Mexico…
LATIN AMERICA — Fremont to step up drilling in Chile
Vancouver-based Fremont Gold (FGLD-Q.OTC) is encouraged by results from preliminary drilling on the Resguardo gold project in northern Chile.Highlights include: hole 97-3, which encountered 21 metres …
Eastfield to transfer Canadian assets
Eastfield Resources (ETF-V) plans to spin off its Canadian properties into a new company.Under the plan, shareholders will exchange one Eastfield share for one New Eastfield share and one share in the…
Arauco completes George Lake study
The George Lake gold project in the Northwest Territories is shaping up for a possible 1998 production start.Arauco Resources (ARU-T) has released a prefeasibility study that indicates production of 1…