News

Quebec-based Cambior (CBJ-T) has left Nuinsco Resources (NWI-T) alone at the Cameron Lake gold project in northwestern Ontario.The companies agreed that by forfeiting its option, Cambior is not accoun…

Cabo Exploration Ventures (CVE-V) intends to buy the balance of the Trinidad concession in Cuba.The vendor, Panama-based MinAmerica, has agreed to sell its 30% interest in the concession to Cabo in an…

The Lluvia de Oro gold mine, wholly owned by Great Lakes Minerals (GKM-T), attained planned production levels in December 1996.The mine, situated in Mexico’s Sonora state, yielded 2,081 oz. gold that …

Gabon is best known for its petroleum, manganese and uranium resources, but it is the country’s gold deposits that have lured Golden Gram Resources (GRA-M).The Montreal-based junior will spend $3 mill…

Diamond sales from North American and African operations generated $8.1 million for Redaurum (RRK-T) in 1996, representing a 219% increase over 1995 revenue of $3.6 million.The Toronto-based company s…

Burnaby, B.C.-based Fancamp Resources (FNM-V) has added a sixth prospecting licence to its holdings in Botswana’s Kalahari Suture area.The 7,400-sq.-mile Okwa licence, which is near the Namibian borde…

Jeffrey Taylor appointed vice-president of corporate development.

An exploration program by Hyder Gold (HGI-V) will test the wholly owned Kampti permit in southwestern Burkina Faso.This year’s program will follow up encouraging results from a sampling program that t…

Stephen Kay appointed director.

Toronto-based IBI Corporation (IBIC-C) has signed an agreement to acquire a private Ontario company that holds 77% of a gold project in Ghana, West Africa.Based on the results of a feasibility study b…

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Quebec-based Noveder (NED-M) has begun exploring in the vicinity of the Nugget Pond gold mine, near Baie Verte, Nfld.The junior sold its remaining 40% interest in Nugget Pond to Richmont Mines (RIC-T)…