Sharpe gains Labrador claims
CDN-listed Sharpe Energy & Resources has acquired a 35% interest in 400 claims in southern Labrador.The claims, which cover the 100-km-long Kyfanan Lake intrusion, are jointly held by Peruvian Gold (V…
News
THE DIAMOND PAGE — Verkhotina drilling returns diamonds
Initial processing of the discovery hole from Pipe 441 at the Verkhotina project in northwestern Russia is returning diamonds for Archangel Diamond (VSE).The hole intersected kimberlite from a depth o…
Pangea picks up Malian licence area
Having optioned its Tanzanian projects to several major mining houses, Pangea Goldfields (TSE) is acquiring interests elsewhere in Africa.The company has acquired 20 prospecting licences in Uganda. Th…
Placer Dome options Sterling
The U.S. subsidiary of Placer Dome (TSE) has signed a property agreement with Cathedral Gold (TSE) and Imperial Metals (TSE), owners of 90% and 10%, respectively, of the Sterling mine in Nevada.The ag…
H-L Corp. gains stake in claims near Voisey’s Bay
CDN-listed H-L Corp. has acquired a 20% interest in a group of claim blocks near Voisey’s Bay, Nfld.The claim blocks, which are 95 km northeast of the Voisey’s Bay nickel-copper-cobalt discovery, comb…
Northfield pulls copper-gold in Ecuador
Testing the strike extension of the orebody at the Mercedes mine in Ecuador, Northfield Minerals (TSE) has intersected 37 metres of copper-gold mineralization.Northfield and its Ecuadorean joint-ventu…
Juniors continue exploration in Ontario’s Matheson region
Exploration continues along the eastern extension of the Destor-Porcupine fault zone. Teddy Bear Valley Mines (TSE) has taken an option on a property on the boundary between Cook and Guibord twps., 20…
Solitario exploration turns up mixed results
Exploration work has enabled Solitario Resources (TSE) to increase the size of its Bongara zinc deposit in northern Peru.The open-pit prospect is estimated to contain 1.9 million tonnes of oxide mater…
Ghana to host mining exhibition
Mining equipment companies from various countries are preparing to head to Ghana to explore opportunities being presented by that country’s resurgent mining industry.The focus of their attention is th…
More work planned for Ileninga Lake
With positive 1995 results in hand, Inco (TSE) is pressing on with exploration of the Ileninga Lake massive sulphide property in the Northwest Territories.Last year, the nickel giant acquired an optio…
Drills turn at Indo-Pacific’s Kavola
Drills are testing epithermal gold mineralization at the Kavola property of Indo-Pacific Resources (ASE) on the island of New Britain, part of Papua New Guinea.Five mineralizaed zones are known to exi…
Sirios hits zinc, gold in Quebec
Drilling on its Escale property in north-central Quebec, Sirios Resources (ME) has discovered both gold and zinc mineralization.Mineralized iron formations with pyrrhotite, arsenopyrite and pyrite wer…