Pacific Rim exploring Diablillos
An 11-hole, 2,014-metre drill program has ended on the Diablillos project in northern Argentina. Owned and operated by Pacific Rim Mining (VSE), Diablillos is a 3,600-hectare epithermal gold-silver pr…
News
Cambior takes major writedown at Valdez Creek
Mining operations at the A8 pit of the Valdez Creek placer gold mine in Anchorage, Alaska, indicate the average grade is 30% lower than expected. Consequently, owner Cambior (TSE) has reduced the net …
Pacific Falcon drills in Philippines
Vancouver-listed Pacific Falcon Resources is set to launch a drilling program in an effort to delineate the Guinaoang deposit on the Philippine island of Luzon. To date, 38 holes, totaling more than 3…
NEWS ROUNDUP — Patrician hits mineralized horizon
Initial drilling by Patrician Gold Mines (ASE) on its Ikungu Peninsula property in northwestern Tanzania has intersected gold mineralization. Hole 1 intersected the Forest Reef, a thick exhalite horiz…
NEWS ROUNDUP — Black Hawk raises drilling funds
Junior Black Hawk Mining (TSE) has completed a private placement of 1 million flow-through common shares. Proceeds will be $600,000, some of which will finance drilling at the Redstone mine, south of …
Cyprus drills Noble Peak gold property
Drilling at the Southwin project in the Northwest Territories has resulted in several intersections of high-grade gold. The project, situated in the Keewatin district, is a joint venture between Cypru…
Titan secures land in Java, Indonesia
In two separate transactions, Titan Empire (CDN) has acquired eight concessions on the Indonesian island of Java. Titan recently acquired a 90% interest in the Indonesian company PT Kelsel Asri, which…
Argentine plane crash kills six
A director and an officer of American Resource (NASDAQ) were among those who died Sept. 28, when a charter plane crashed shortly after takeoff from Cordoba, Argentina. The accident claimed the lives o…
BMR to acquire control of Bullion gold project
Vancouver-based BMR Gold (TSE) has an option to buy all the shares of Bullion Mines, a private company in Delaware. Bullion holds certain mineral and operating rights to the Bullion gold project in th…
Corrections (October 10, 1994)
A report on diamond exploration in the Prairies (T.N.M., Sept. 26/94) incorrectly stated that Shaun Spelliscy presides over the company Indicator Exploration. Indicator’s president is John Lee. The co…
Rio Narcea uncovers new zone
Toronto-listed junior Rio Narcea has found a new zone of gold mineralization at its property in northern Spain. The new zone, known as the Boinas West, lies between the Boinas and El Valle deposits an…
Reserves on rise at Sleeping Giant
Deep exploration and definition drilling have led to a substantial increase in minable reserves at the Sleeping Giant gold mine, 80 km from Amos, Que. That’s good news for Cambior (TSE), which spent $…