Exall Res. ups reserves at Santo Tomas
New reserves have been calculated for Exall Resources’ (TSE) Santo Tomas porphyry copper deposit in Mexico’s Sinaloa state. Based on a 0.2% copper cutoff, the deposit is estimated to contain more than…
News
PEOPLE — DELTA GOLD MINING (May 30, 1994)
Michael Callahan appointed director.
Botswana Diamond sets drill targets
In June, Botswana Diamondfields (VSE) will begin evaluating 60 kimberlite targets on its properties in Botswana. Air percussion drilling will be used to extract core from up to three holes at each sit…
Ariel operations spin out cash
Two gold mining operations in Costa Rica helped Ariel Resources (TSE) post its highest 6-month earnings to date. For the period ended Mar. 31, Ariel netted US$593,775, or about US6.4 cents per share. …
Champion drills at Dryden
Drilling has encountered gold values on Champion Bear Resources’ (ASE) Swimit Lake prospect near Dryden, Ont. Twenty-six holes were drilled to test the depth extension and lateral continuity of gold m…
Princeton encouraged by Alabama drilling
Drill results from the Alabama target at the Similco mine near Princeton, B.C., confirm the presence of a higher-grade zone below prior shallow drilling. Princeton Mining (TSE) has drilled 5,300 ft. (…
New Canamin targets copper-gold
The extent of the Huckleberry copper project, near Kemano, B.C., is gradually coming into focus. As definition and infill drilling continue on the East zone, New Canamin Resources (VSE) is preparing t…
Moneta buys two U.S. gold properties
Timmins, Ont.-based Moneta Porcupine Mines (TSE) has agreed to acquire Wounded Bull Resources, a wholly owned subsidiary of Australian-based Pima Mining. Wounded Bull owns two gold properties in the U…
JUNIOR MINING SPECIAL — Mutual options prospects in Ghana
VSE-listed Mutual Resources plans to explore two newly optioned gold concessions in south-central Ghana. The Oda River and Kent concessions are in the Manso Kwanta gold belt which runs parallel to, an…
Canada ranks fifth in output
A ranking of the top 10 gold-producing countries in 1993 places Canada in fifth place, unchanged from the previous year. Total Canadian output dropped to 150.9 tonnes gold last year from 160.4 tonnes …
JUNIOR MINING SPECIAL — Vietnam now open to new mining
On Feb. 3 of this year, U.S. President Bill Clinton removed the 19-year-old prohibition against American companies doing business in Vietnam. This prohibition had, by moral persuasion, inhibited most …
COMMENTARY — West Africa versus South America
Why do we believe that investor enthusiasm, which swept South American countries like Venezuela in 1993, will spread to West African countries in 1994? (By West Africa, we are referring primarily to t…