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…
News
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…
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 …
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 — 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 — 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…
Goodnews dropped
Junior Starcore Resources (VSE) has dropped its option to earn a 70% interest in the Goodnews Bay platinum property of Alaska Platinum. Starcore conducted geophysical and geochemical surveys over the …
American Gem expands resource
Infill drilling and trenching on American Gem’s (TSE) land holdings in Montana have led to a 24.5% increase in sapphire resources. The work, supervised by Toronto-based Watts Griffis & McOuat, outline…
New zone found at Andes project
Partners HRC Development (VSE) and Eldorado (TSE) have discovered a second mineralized stockwork system on the northern portion of their Andes gold project in Argentina. The newly discovered “Gilligan…
Canarc updates Polaris-Taku resource
Drilling on Canarc Resource’s (TSE) Polaris-Taku property in northwestern British Columbia has increased the amount of contained gold to 1.15 million oz. from 1.03 million oz. The AB, Y and C veins ho…
LATIN AMERICA SPECIAL — Cominco, Marubeni acquire refinery
A Canadian company and a Japanese trader joined forces to acquire the Cajamarquilla zinc refinery from a state-owned Peruvian company. Cominco (TSE) and Marubeni Corp. paid US$108 million for the refi…
LATIN AMERICA SPECIAL — Southern Peru expands facility
The refinery of Southern Peru Copper is undergoing expansion to 228,000 from 209,000 tonnes per year. Metal Bulletin says the expansion is part of a commitment on Southern Peru’s part, following its p…