Indochina to sell Vietnamese properties
Indochina Goldfields (ING-T) will sell its interests in two adjoining gold exploration prospects in Vietnam to Olympus Pacific Minerals (OYM-V).The sale, worth US$7.5 million in cash and shares, would…
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Costa Rica pulls plug on Placer’s exploration
The government of Costa Rica has ordered Placer Dome (PDG-T) to halt exploration at the Cerro Crucitas gold property, alleging the company is in non-compliance with its environmental impact statement….
NEWS ROUNDUP — Mountain Lake eyes Bathurst property
An option agreement sets the stage for Mountain Lake Resources (MOA-V) to acquire a property in the Bathurst mining district of New Brunswick.The vendor will retain a 2% net smelter return royalty and…
NEWS ROUNDUP — Espalau records loss for fiscal ’96
During the last fiscal year, Espalau Mining (EPU-M) suffered a loss as it attempted to change its orientation from a holding company to a junior gold producer.Espalau reported a loss of $5.1 million (…
Cerro Colorado undergoes feasibility
Toronto-based Tiomin Resources (TIO-T) is proceeding with a full feasibility study at the giant Cerro Colorado copper project in western Panama.In accordance with the development agreement, the compan…
Delgratia makes waves on U.S. markets
Shares of Delgratia Mining (DELGF-Q) hit the US$30 mark after more results were released from reverse-circulation drilling carried out at the company’s property, 50 km south of Las Vegas, Nev.At the e…
Minto copper project moves closer to production
An environmental review of the Minto copper project in the central Yukon has been completed, reports Minto Explorations (MXO-V).The project is being developed under a joint-venture agreement with Asar…
Plus de fume que du feu — Lac Volant showings a bust
Preliminary drill results from the Lac Volant nickel-copper showings northeast of Sept-Iles, Que., have proved disappointing for Quebec government-owned Soquem.Four holes, drilled to a depth of 50-70 …
ODDS’N’SODS — Minefinding in Ontario
William Trethewey, prospector, entrepreneur and real estate speculator, arrived in Cobalt, Ont., attired in a white suit and silk shirt, complete with diamond pin.He was a mining man, having left his …
U.S. submits proposal to Crown Butte
Crown Butte Resources is one step closer to receiving compensation for the scrapped New World gold project in Montana.Under an agreement with the U.S. government, Crown Butte scuttled the project in r…
Two symposiums to highlight exploration in northern Ontario
Two symposiums on exploration in northwestern Ontario and the Timmins area are scheduled for April.The Northwestern Ontario Mining and Mineral Symposium will be held at the Vallhala Inn in Thunder Bay…