Bitech to sell Nugget Pond
Ownership of the Nugget Pond mining property in central Newfoundland is about to change hands. Alberta-listed Bitech has agreed to sell the property, along with its associated rights, interests and ro…
News
IGR conducts infill program at Bibiani
TSE-listed International Gold Resources has succeeded in drilling nine shallow reverse-circulation holes and six deeper diamond drill holes at the Bibiani gold project in Ghana. Three intersections, w…
LATIN AMERICA SPECIAL — Newmont, Penoles team up in Mexico
Excitement continues south of the Rio Grande, as companies — large and small, foreign and domestic — compete to lock up that big deal. Meanwhile, some companies have tried working together in their …
LATIN AMERICA SPECIAL — Joint-venture agreement — Phelps
The mystery company previously reported to be eyeing five Peruvian prospects held by Arequipa Resources (VSE) has turned out to be none other than Phelps Dodge (NYSE), one of the world’s largest coppe…
LATIN AMERICA SPECIAL — Peruvian Gold holdings grow
The property assets of Peruvian Gold (VSE) in southern Peru have grown to cover 60,000 hectares. The Vancouver-based company lists leases covering four mineralized porphyries — Agua Verde, Zapanyoque…
LATIN AMERICA SPECIAL — Northgate options Chilean property
The Chilean subsidiary of Northgate Exploration (TSE) will allow a Chilean company to explore the sulphide zones of the Choquelimpie gold property. Quilacoyan S.A. can earn a 50% interest in the prope…
LATIN AMERICA SPECIAL — Blue Ribbon drills in Mexico
Drilling is in progress on the Seri copper-gold property near Hermosillo in Mexico’s Sonora state. To date, Blue Ribbon Resources (VSE) has drilled six holes to test an area measuring 200 by 250 metre…
Wharf posts solid earnings
Three factors lent strength to Wharf Resources’ (TSE) performance in 1994: a higher realized gold price; an increase in the amount of gold sold; and a US$1-million premium earned on advances from the …
Golden Star halts Sierra Leone work
As a result of security problems in gaining access to mineral claims, a subsidiary of Golden Star Resources (TSE) has temporarily suspended most of its activities in Sierra Leone, West Africa. Pan Afr…
Lithos uncovers mineralized pocket
Extraction of mineralized rock from a stope (51-04-00) along the A vein at the Bourlamaque-Nord gold project led to the discovery of a large pocket of quartz-tourmaline-chalcopyrite, close to the gran…
LATIN AMERICA SPECIAL — Britannia to drill Peruvian copper
Now that a border dispute between Ecuador and Peru is settled, drilling is expected to begin on the Peruvian Las Lomas porphyry copper-gold property. The US$300,000, first-phase program will be operat…
Cominco to absorb subsidiary
Spun off to the public through an initial offering in 1987, Cominco Resources International (TSE) will come full-circle if a proposal to merge with parent company Cominco Ltd. (TSE) is acted upon. Com…