Programs planned for McWatters and Maude Lake
With a development program under way at its namesake mine near Rouyn-Noranda, Que., McWatters Mining (MCW.A-M) also plans to spend $3 million to bring the Maude Lake gold project near Matheson, Ont., …
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Queenstake awaits results from Chupaca property
At the Chupaca project in the Ancash region of central Peru, Queenstake Resources (QTR-V) has completed the final three diamond drill holes of a 6-hole program.The project is on a structural trend, 2….
CaribGold outlines resource in Cuba
Drilling on the Camaguey concession in Cuba indicates to CaribGold Resources (CG-T) that its Beatriz prospect contains a geological resource of 1.1 million tonnes grading 4.73 grams gold per tonne.The…
MEXICO AND CENTRAL AMERICA — Silver Standard gains new Mexican project
Silver Standard Resources (SSO-V) has acquired its fourth Mexican silver project, in the Gulf Coast state of Veracruz.Comprising 84 ha, the Morelense property lies 150 km east-southeast of the port ci…
Cominco earnings hit by dip in metal prices
For the third quarter, Cominco (CLT-T) reports earnings of $5.2 million (or 6 cents per share) on sales of $448 million, compared with $22 million (25 cents per share) on sales of $417 million in the …
Cepeda finds high-grade gold in South Carolina
Alberta-based Cepeda Minerals (CMM-V) has discovered a pocket of high-grade gold mineralization at its Buzzard property in South Carolina.The company encountered near-surface gold grades in eight of t…
Westmin acquires Gibraltar Mines
In a takeover move, Westmin Resources (WMI-T) has acquired Gibraltar Mines (GBM-T) by buying some 30.6 million (92.4%) of its outstanding common shares.The deal is worth an estimated $307 million.West…
MEXICO AND CENTRAL AMERICA — Minefinders pins hopes on Dolores
Assay results from the first three diamond drill holes on Minefinders’ (MFL-V) Dolores property in Chihuahua state, Mexico, have returned significant values.The property lies in a northwest-trending s…
Gold output slips at Albino mine in Venezuela
Delays in mill modifications are taking their toll on 1996 production levels at the Albino gold mine in Venezuela.Vancouver-based Crystallex International (KRY-T) reports that the open-pit mine is exp…
Alta Gold expands Olinghouse
Summer drilling has confirmed the presence of a new deposit at the Olinghouse gold property in northern Nevada.Alta Gold (ALTA-Q) reports that 50 of the 68 holes drilled in an area known as Green Hill…
MEXICO AND CENTRAL AMERICA — NEWS ROUNDUP — Energold drills at El Centario
After meetings with government officials, Energold Mining (EGD-V) was granted approval to continue its 50-hole, reserve definition drill program at El Centario gold deposit in the Dominican Republic.B…
MEXICO AND CENTRAL AMERICA — Mexico’s Trinidad mine poised for production
With the first gold pour imminent, the newly constructed Trinidad gold mine in Mexico’s Sinaloa state is expected to reach commercial levels of production in the next few months.The open-pit, heap-lea…