Cartaway to venture beyond Cabot Lake
Drilling on the Cabot Lake North property in Labrador returned disappointing results for Cartaway Resources (ASE), which is earning a 70% interest from Freeport Resources (VSE).Drilling, which has sin…
News
Correction (April 08, 1996)
Alberta-listed Gowest Amalgamated Resources has received a letter of intent from Placer Dome (TSE) for an option agreement on the former’s McAlpine Lake property, west of Placer Dome’s Detour Lake min…
Inco takes spotlight, Falco waits in wings
In recent weeks, shareholders of Diamond Fields Resources (TSE) have been busy weighing various offers put on the table by two of the Western World’s largest nickel producers, Inco (TSE) and Falconbri…
Viceroy, Baja and Loki plan a three-way merger
A proposed merger among three Toronto-listed juniors — Viceroy Resources, Loki Gold and Baja Gold — is expected to reverse the perception that Viceroy has limited production potential.The combined c…
Nelson mining gold along historic Silk Road
In former times, this enclave in Central Asia formed part of the famous Silk Road, a trade route that saw silk, jade and other treasures flow from the Orient to the financial capitals of Europe in ret…
Juniors begin work program at Grandola property in Portugal
Exploration is under way on the Grandola licence in the Iberian pyrite belt of southern Portugal.Four joint-venture partners — Redfern Resources (TSE), Cumberland Resources (TSE), International Vesto…
QEX tests Calumet Island project
Drilling by QEX Resources (ME) has encountered gold-silver-zinc-lead mineralization at the former New Calumet mine, 100 km northwest of Hull, Que.Three vertical holes drilled into the footwall of the …
Tiomin Res. free to develop Cerro Colorado project
PanaCobre, the Panamanian unit of Tiomin Resources (ME), has received final approval from the Panamanian government to develop the Cerro Colorado porphyry copper deposit in western Panama.Tiomin expec…
Prime moves to boost stake in Snip gold mine
Prime Resources (TSE) has thwarted an attempt by International Skyline Gold (TSE) to acquire Cominco’s (TSE) 60% interest in the Snip gold mine in northwestern British Columbia.Prime, which already ow…
Tailings cease to flow at Marcopper mine
The tailings leak at Placer Dome’s (TSE) Marcopper mine on Marinduque Island in the Philippines has stopped, and the operators of the mine are preparing to install a temporary seal.Tailings began leak…
Kennecott options Ophir property
Kennecott will option the Ophir property of Tucson-based Silver Eagle Resources (VSE).Situated in Utah’s Oquirrh mountains, the property contains silver-lead-zinc deposits and covers 1,361 acres of pa…
Promontorio takes shape under Sierra Nevada
Drill results are enabling Sierra Nevada Gold (VSE) to prove up the Promontorio property in Mexico’s Chihuahua state.The California-based company has completed eight core drill holes, testing previous…