Phelps Dodge finds copper system
Exploration by Phelps Dodge (PD-N) has uncovered a copper system at the Cerro Verde project in Mexico’s Sonora state.The major is earning a 60% interest in the project from Corner Bay Minerals (BAY-T)…
News
Regional OKs Imperial merger
Shareholders of Regional Resources (RGL-T) have approved the company’s proposed merger with Imperial Metals (IPM-T).Regional’s principal asset is the Midway project, an advanced-stage silver-lead-zinc…
Major General finds copper-zinc zone
Drilling by Major General Resources (MGJ-V) has intersected a base metal zone at the company’s property near Springdale, Nfld.The program tested an induced-polarization anomaly (which extends an addit…
EXPLORATION ROUNDUP — Hixon, Golden Rule investigate Stenpad
Trenching on the Stenpad concession in the Asankrangwa district of western Ghana continues to uncover encouraging gold grades.Hixon Gold Resources (HXG-V) is exploring the 6,938-ha concession, with jo…
Cathedral results show improvement
Figures for the first nine months of 1996 indicate an improved performance by Cathedral Gold (CAT-T).The junior earned $290,000 (or 2 cents per share) over the period, compared with a loss of $941,000…
Formation Capital gains foothold in central Mexico
Junior Formation Capital (FCO-T) has acquired the 12,000-ha Los Cocos gold property in central Mexico.The property, Formation’s first in that country, is in Guanajuato state, 160 km northwest of Mexic…
EXPLORATION ROUNDUP — Sahelian adds to African holdings
The mineral potential of Mali has caught the attention of Sahelian Goldfields (SHGI-C), which has acquired rights to earn a 75% interest in a 200-sq.-km concession in the Kangaba district.The junior h…
Barrick poised to pounce on Busang
Its shotgun wedding with Barrick Gold (ABX-T) having been arranged by the Indonesian government, Bre-X Minerals (BXM-T) has until Dec. 4 to find a husband Jakarta might prefer.The dowry in this case g…
EXPLORATION ROUNDUP — Northfield finds zone at Macuchi
A 10-hole drill program on the Macuchi prospect in central Ecuador has uncovered what may be a new mineralized area, reports Northfield Minerals (NFM-T).Drilling 75 metres west of the Mercedes zone, N…
EXPLORATION ROUNDUP — Zen and the art of Chinese gold exploration — Canadian juniors learn the ropes in China
Despite the long and winding road between finding a mining property and receiving state approval for exploration and development, especially in foreign jurisdictions, junior companies know that persev…
LatinGold launches exploration effort on gold properties in Colombia
Having acquired six gold properties in Colombia, LatinGold (LAT-T) intends to focus its efforts on developing and acquiring gold and gold-silver prospects in Latin America.LatinGold, formerly MVP Capi…
NEWS IN BRIEF (December 02, 1996)
Tonopah Resources (TON-V) has changed its name to Goldzone Exploration (GZ-V) on a 1-new-for-5-old-share basis.