Spokane reports discovery at Mac property
Diamond drilling on the Mac molybdenum-copper property in north-central British Columbia has uncovered a second porphyry intrusive associated with hydrothermal alteration, silicification and sulphide …
News
MSV turns modest third-quarter profit
Faced with lower market prices for the red metal, MSV Resources (MSV-T) is continuing to limit production at the Copper Rand and Portage copper mines near Chibougamau, Que.By restricting mining to sto…
Aurex on verge of acquiring San Esteban mine
The majority owners of the San Esteban mine in north-central Chile will sell their 60% share in the gold-copper producer to Aurex Resources (AXR-T) for US$3.3 million.The Vancouver-based junior alread…
EXPLORATION ROUNDUP — Bema and Amax turn corner at Refugio
The Refugio gold mine in northern Chile has achieved commercial production levels for partners Bema Gold (BGO-T) and Amax Gold (AU-N).Output for October amounted to 16,700 oz. gold at a cash cost of U…
EXPLORATION ROUNDUP — Atapa puts Indonesian gold projects on fast track
By focusing on past-producing properties, Toronto-based junior Atapa Minerals (ATAP-C) has secured itself as one of the leaders in Indonesia’s exploration play.The company is exploring the 101,400-ha …
EXPLORATION ROUNDUP — Juniors launch search for Carlin-type gold
Nothing succeeds like success, which is why Charles Fipke is applying an adapted version of the technology he used to discover diamondiferous kimberlites in Canada’s North to the international search …
EXPLORATION ROUNDUP — Pacific Amber drills Putussibau
A drill program by Pacific Amber Resources (PCR-V) is testing the Sapit-Setul area on the Putussibau property in West Kalimantan, Indonesia.The junior notes that this prospect is the most advanced of …
EXPLORATION ROUNDUP — AmCan busy in Sierra Leone
Diamond production is about to begin from five locations in Sierra Leone, reports AmCan Minerals (AMF-V).The junior intends to use a new, 8-ft dredge, with an onboard washing plant and gold sluice, on…
New Island uncovers new zone
Reconnaissance work by New Island Minerals (NLM-A) on its wholly owned Robinson River property in western Newfoundland has identified a new gold and copper zone.The structure, which measures 4 km long…
Alaskan gold district attracts interest of Homestake
The Fairbanks gold district of Alaska has caught the attention of U.S.-based Homestake Mining (HM-N).The major has entered into an agreement to acquire a 100% interest in the Whiskey Gulch and Marshal…
EXPLORATION ROUNDUP — Ashanti steps up efforts in Africa
Shallow drilling by Ashanti Goldfields (ASL-N) has expanded the Geita gold property in Tanzania.The property contains a known resource of 11.9 million tonnes grading 3.44 grams gold per tonne, equival…
EXPLORATION ROUNDUP — AMT boosts inventory at North Copper Creek
Toronto-based AMT International Mining (AAI-T) has expanded its copper inventory in southern Arizona.Reserves and resources rose to 3 billion lb. copper from 2 billion lb., following drilling at the C…