Placer breaks pact with Gowest
Vancouver-based Placer Dome (PDG-T) has backed out of a deal with Gowest Amalgamated Resources (GWA-A) to acquire a stake in the McAlpine Lake gold property in northeastern Ontario.The property lies o…
Articles by Northern Miner Staff
Cumberland kicks off Meadowbank play
Richmond, B.C.-based Cumberland Resources (CBD-T) has approved the first phase of a $2.8-million exploration program on its 60%-owned Meadowbank gold project in the Northwest Territories.Work at the p…
Golden Hemlock Resources pursues Sierra Madre treasure
Poor ground conditions at the San Jose de Gracia gold project in western Mexico have forced Golden Hemlock Resources (GHE-V) to fall back on bulldozer trenching.The property, which comprises 3,500 ha,…
LATIN AMERICA — Crystallex aims to expand Venezuelan mining and exploration activities
Kilometre 88, venezuela — The exploration boom that took place in this gold camp a few years ago has cooled down, leaving only a handful of juniors exploring and developing projects near the huge Las…
LATIN AMERICA — Corriente drills for gold in southern Peru — Company says results indicate bulk-tonnage potential at Chama
Diamond drilling has commenced on the Peruvian gold project known as Chama, in which Corriente Resources (CTQ-T) can acquire a 100% interest.Situated near Arequipa in the country’s south-central regio…
PEOPLE — AKASH VENTURES
T. Spilsbury appointed director.
LATIN AMERICA — Procoloro updates Yurani resources
Val d’Or, Que.-based Procoloro Resources (PCH-M) has updated the resource estimates for its Yurani gold mine, in northwestern Colombia.Kilborn-SNC-Lavalin has calculated indicated and inferred resourc…
LATIN AMERICA — Gen. Minerals hits high-grade skarn
Junior General Minerals (GNM-T) has intercepted high-grade copper-gold values at the Pajaritos property in Chile.The company completed eight holes, all of which intercepted anomalous values. The high-…
LATIN AMERICA — New drill results add lustre to Victoria project in Peru
Four holes drilled on the Victoria gold project in Peru have returned significant results for equal partners Pangea Goldfields (PGD-T) and Sundust Resources (SDST-C).The holes, which were drilled on t…
LATIN AMERICA — NEWS IN BRIEF
Calgary-based Hampton Court Resources (HCR-A) has applied for the right to explore three mineral concessions in southern Ecuador. The land package is reported to cover placer gold occurrences.
LATIN AMERICA — Corner Bay arranges financing
A recent private placement is expected to provide gross proceeds of $8.7 million for Corner Bay Minerals (BAY-T), a junior company actively exploring for copper and gold in Canada, the southwestern U….
LATIN AMERICA — Bema reports loss despite Refugio startup — New heap-leach operation generates profits of US$4.2 million
Despite having brought Chile’s Refugio gold mine into production, Bema Gold (BGO-T) found itself in the red at the end of 1996.The company recorded a loss of US$2.7 million (or 5 cents per share), com…