Gran Colombia takes stock of Echandia
Drilling at the Marmato property in Colombia has encountered additional gold mineralization.The discovery by Gran Colombia Resources (GRM-T) follows a 17-hole diamond drill program which spanned 4,094…
News
AFRICA SPECIAL — SouthernEra funds fissure project
A financing agreement is expected to provide SouthernEra Resources (SUF-T) with funds to develop the Klipspringer diamond project in South Africa.Proceeds of between $7.7 million and $15.5 million wil…
AFRICA SPECIAL — Banff seeks funds for Ugandan copper projects
A financial adviser has been retained by Banff Resources (BFF-V) to negotiate US$66 million of debt financing for the company’s Kasese and Kilembe projects in Uganda.An equity fiancing is also being c…
AFRICA SPECIAL — Bombore gold project undergoes drilling
In Burkina Faso, partners Channel Resources (CHU-V) and Solomon Resources (SRB-V) have begun the first phase of reverse-circulation (RC) drilling on their Bombore project.The work is focused on an ano…
AFRICA SPECIAL — Ghana Goldfields outlines gold zones, quartz veins at Pampe concession
Drilling on the Pampe concession in southern Ghana is producing satisfactory results for junior Ghana Goldfields (GHN-V).The concession contains two well-defined gold zones and includes a system of mi…
Canarc cuts gold at Polaris Taku mine in B.C.
Canarc Resource (CCM-T) has intersected new gold mineralization at its Polaris Taku property in northwestern British Columbia.Results from the first 24 holes of an ongoing 200-hole program include bro…
Canadian Mining Hall of Fame opens doors to six new members
Leaders, pioneers and visionaries — these are but a few of the words that apply to the six men recently inducted into the Canadian Mining Hall of Fame.Their contributions to Canadian industry include…
NEWS IN BRIEF (February 03, 1997)
Big Bear Oil & Gas (BIG-V) has changed its name to Renata Resources (RTA-V).
AFRICA SPECIAL — Orezone and Geomaque eye gold potential of Burkina Faso
Exploration by partners Orezone Resources (ORZ-M) and Geomaque Explorations (GEO-T) is well under way at the Intidougou gold property in southwestern Burkina Faso.Each of the companies holds a 37.5% i…
AFRICA SPECIAL — Auspex completes acquisition of Koulbaga permit in Niger
An exploration program, including drilling, will be carried out by Auspex Minerals (APJ-V) on the Koulbaga concession in Niger, West Africa.The company recently increased its interest in the gold conc…
AFRICA SPECIAL — Patrician to explore Ghanaian gold properties
Proceeds from a private placement by Patrician Gold Mines (PXX-A) will go towards exploration programs on the Goaso and Homasi gold properties in Ghana.The junior raised $400,000 through a deal in whi…
STOCK MARKETS — VSE snoozes through the week
The Vancouver Stock Exchange composite index remained flat over the report period ended Jan. 21, up just 3.98 points at 1,195. The resource index closed down 20.22 points to 2,244.53.Mar-West Resource…