Indo Pacific outlines targets
Junior Indo Pacific Resources (IPF-A) has identified six widely separated, gold-bearing targets at its Kavola prospect, in a rugged portion of Papua New Guinea.All six targets are being tested by tren…
News
Gossan options property to Tantalum
A tantalite-lithium-tin prospect held by Gossan Resources (GSS-V) near Kenora, Ont., has attracted the attention of Tantalum, a unit of Cabot, an American-based chemical company.Selected grab samples …
Lawsuit delays closing date of DFR-Inco deal
Diamond Fields Resources (DFR-T) has launched legal proceedings relating to the lawsuit filed against it by a group of shareholders of Texas-based Exdiam.In a news release, DFR stated it is “not in a …
Geonova plans summer campaign
The 1996 summer exploration season is in full gear, reports Geonova Explorations (GNE-M).The junior will carry out stripping and sampling work on properties in Quebec. These include the Desjardins, Ri…
Asia raises funds for China
Asia Minerals (AMP-A) will invest $6 million from a recent private placement in the Yingezhuang gold mining joint venture in China’s Shangdong province.The partners aim to increase the mine’s annual p…
NovaGold continues its African expansion
Junior NovaGold Resources (NRI-T) has been increased its international exposure by optioning two gold properties in Africa.The company can acquire an unspecified interest in the projects by paying US$…
Antares pours first gold from Lady Lina mine
The first gold from the Lady Lina mine of Antares Mining & Exploration (ANZ-T) has been poured.Initially, Antares plans to mill ore from each of Lady Lina’s orebodies to determine its metallurgical ch…
Etruscan builds resource at Tiawa
The Tiawa gold concession in Niger, acquired last year by Etruscan Enterprises (EET-V), is proving to be as valuable an asset as the company’s stake in the nearby Koma Bangou concession.An estimate, b…
Correction (June 10, 1996)
In our June 3 issue, a report on BYG Natural Resources (BYG-T) included a photo of the past-producing Skukum gold mine and mill in the Yukon. The mine was erroneously identified as Mt. Nansen.
THE DIAMOND PAGE — Diamonds recovered from Kyle Lake
Partners KWG Resources (KWG-T) and Spider Resources (SPQ-A) have released the results of their first mini-bulk test hole at the Kyle Lake diamond project in northeastern Ontario.From the first of 11 h…
THE DIAMOND PAGE — Sonora eyes diamonds in South Africa
Former gold producer Sonora Gold (SON-T) has changed its exploration focus by acquiring two alluvial diamond properties in South Africa’s Barkly West area.Bulk sampling has produced 108.5 carats at a …
Gold Institute sets new standard for the reporting of costs related to gold production
The gold mining industry has adopted a uniform format for reporting production costs on a per-ounce basis.The voluntary standard, which was developed by the Gold Institute and a committee of North Ame…