Lyon Lake active at Beta Vargas
A second phase of development work is being carried out at the Beta Vargas gold property in Costa Rica. Lyon Lake Mines (ME) says the work will include trenching of the known orebody, which contains p…
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Asarco drilling at Butte Highlands
Drilling on the Nevin Hill zone at the Butte Highlands property near Butte, Mont., has now tested the deposit over a 1,000-ft. strike length and to a depth of greater than 1,400 ft. Asarco (NYSE) has …
NEWS ROUNDUP — Cardinal plans new coal mine
Plans are under way to build Alberta’s first coal mine since 1982. The Cheviot project will be developed at a former mine site south of Hinton at a projected cost of $250 million. Cardinal River Coals…
Atna explores Yukon properties
The 16-claim Toe property has been added to the holdings of Atna Resources (VSE) in the Finlayson Lake area of southeastern Yukon. The Toe and two other properties, the Pak and Foot, lie within a stra…
Golden News receives permit
Final permits are in place for the Luz del Cobre copper deposit, 100 miles east of Hermosillo in Mexico’s Sonora state. Golden News Resources (VSE) plans to develop the property as an in situ leaching…
More gold at Horseshoe zone
Additional drill results are expanding the Horseshoe zone at the Damoti Lake property, 120 miles northwest of Yellowknife, N.W.T. Consolidated Ramrod Gold (TSE) is earning a 51% interest in the proper…
Adrian drilling Panama properties
An aggressive drilling program by Adrian Resources (TSE) is under way on the company’s land package in Panama. Results are expected shortly for 19 holes drilled to date, totaling 3,500 metres. The Pet…
Barrick poised for growth
Despite the market’s interest in the upcoming sale of the four Lac properties, directors and shareholders of American Barrick Resources (TSE) are more likely to be concerned with how their company wil…
Cambiex drills past producer
Montreal-based Cambiex Exploration (ME) has uncovered new mineralization on the Akasaba gold property, 25 km south of Val d’Or, Que. In the 1960s, two lenses were mined yielding 262,500 tonnes of ore …
Tri Origin reviews Lewis Ponds drilling
Having reviewed previous drilling data, Tri Origin Exploration (TSE) plans to carry out an additional 2,000 metres at its Lewis Ponds polymetallic deposit in New South Wales, Australia. The junior has…
Kidd Creek extension sought
Junior McChip Resources (TSE) intends to explore 37 unpatented claims in northeastern Ontario’s Reid Twp. An independent report states the property is in an area which could potentially host an extens…
Nunaoil discovers Greenland gold
Danish-based Nunaoil A.S. has struck gold on the island of Storo, in the Nuuk region of Greenland. Sampling delineated a gold-mineralized structure in Archean supracrustal rocks. The mineralized zone …