Production planned for Mt. Hamilton
With the recent closing of a $24-million financing, the Mt. Hamilton gold project in eastern Nevada is one step closer to production. Rea Gold (TSE) plans to use the net proceeds ($22.8 million) from …
News
Exall, Barrick win bid for Mexican play
Joint-venture partners Exall Resources (TSE) and American Barrick Resources (TSE) have acquired El Triunfo, a gold project on the southern tip of the Baja Peninsula. The project, which is contiguous w…
NEWS ROUNDUP — Applied Carbon seeks partnership
Graphite-producer Applied Carbon Technology is seeking funding to augment working capital. The Toronto-listed company has enlisted an investment banking firm to identify potential merger and acquisiti…
NEWS ROUNDUP — Drilling continues on Nouvelle zone
Partners Consolidated Oasis Resources (ME) and Soquem have drilled three holes in a second phase of drilling on their Fancamp gold project, near Chibougamau, Que. The drilling was carried out on the N…
LATIN AMERICAN SPECIAL — Argentina opening up to foreign
Long thought of as a country with considerable unexplored copper potential, Argentina is providing some glimmer of hope for foreign investors seeking exploration properties. Copper has always been a m…
Miners call B.C. budget `step in right direction’
The British Columbia government has unveiled a $100-million, 5-year program to stimulate mineral exploration and enhance the mining industry’s ability to compete internationally. Gary Livingstone, pre…
METALS COMMENTARY — Metals markets gathering strength
So far this year, those metal sectors that themselves consume metals seem to have excaped the problems affecting the stock and bond areas. Companies in the steel, alloys and stainless sectors are all …
CopperQuest active on three properties
Junior CopperQuest (CDN) has finished drilling two Ontario properties and plans to carry out work in Saskatch-ewan as well. In Kidd Twp., north of Timmins, CopperQuest and joint-venture partner Regal …
Boleo drilling intersects copper-cobalt zone
Drilling on the Boleo copper-cobalt deposit in Baja California Sur, Mexico, has returned encouraging values from the Saturno open-pit target. Coeur d’Alene Mines (NYSE) is earning a half interest from…
OPAP discovery
A recent base metal discovery northeast of Thunder Bay is being credited to the Ontario Prospectors Assistance Program (OPAP). According to Bernard Schnieders, the government’s resident geologist for …
Manhattan adds to Mexican portfolio
Toronto-listed Manhattan Minerals has staked an 11-sq.-km gold property in Chihuahua state, Mexico. The land package comprises several large breccia zones hosted in andesite volcanics. One of the zone…
LATIN AMERICAN SPECIAL — Major growth projected for Latin
By the year 2000, the Caribbean and Latin America will provide a market of 600 million persons with purchasing power of US$1 trillion, states a recent issue of CanadaExport. Canadian exports to Latin …