X-Cal options Pipeline-area ground
By way of a purchase option, X-Cal Resources (VSE) recently picked up a 3,000-acre parcel of ground in the Pipeline/Gold Acres area of Crescent Valley, Nev. The property is located about five miles no…
News
Zinc conference
The American Zinc Association reported attendance of 470 at its initial International Zinc Conference recently at Palm Springs, Calif. Delegates from 24 nations registered. The zinc association is hea…
Taywin plans Merry Widow drilling
A recent private placement has Taywin Resources (VSE) planning the first phase of a 3-part program aimed at proving up direct-shipping tonnage at its 100% owned Merry Widow copper-gold property near P…
NO HEADLINE (April 27, 1992)
An exploration agreement on the LeMare property owned by Stow Resources (VSE) was recently signed by Minnova (TSE). Minnova can earn a 60% interest in the property by spending a total of $1.5 million …
Anglo plans new gold mine
A new gold mine will be developed by Anglo American Corp. in South Africa in the Moab area in the Orange Free State. The company said operations are scheduled to be under way in 1997. A 25-year life i…
Goldmark financing
An agreement to issue 700,000 shares at 15 cents per share has been negotiated by Goldmark Minerals (VSE). Also, the company will issue 700,000 warrants entitling the purchaser to acquire, during a 2-…
Cominco Res. active in Latin America
One of the more active foreign mining companies in Latin America is Cominco Resources International (TSE). It has copper projects in Mexico and Chile, a wollastonite project in Mexico, a gold property…
Soquem options Gold Hawk claims
An option deal to earn a 50% interest in the property of Consolidated Gold Hawk Resources (ASE) in Duplessis Twp. southeast of Matagami, Que., has been acquired by Quebec Crown mining exploration comp…
Predicting the path of drill holes can be a real challenge
As many geologists can attest, drilling is not a predictable task. And millions of dollars are spent annually on drilling programs to test exploration targets and to extract rock samples for assaying….
Mallon’s Costa Rica project optioned by Newmont
North America’s biggest gold producer, Newmont Mining (NYSE), has signed an agreement to explore Mallon Resources’ (NASDAQ) Rio Chiquito gold-silver concession in Costa Rica. The 28,000-acre property …
Record quarter for American Barrick
Thanks to some pleasant surprises at the Goldstrike mine in Nevada, American Barrick Resources (TSE) was able to add another record quarter to a growing list of financial achievements. The Toronto gol…
United Kingdom’s gold potential
The momentum of gold exploration in Britain has been high since the discovery in 1979 by Consolidated Goldfields of gold-bearing strata-bound base-metal sulphides in the Archean at Gairloch, northwest…