Toronto-based Curragh Resources (TSE) is negotiating to sell its 20.8% interest in Spanish smelting company Asturiana De Zinc SA, says Chairman Clifford Frame. Under a proposed agreement, the Spanish …
Further work on Fort Knox Gold Resources’ (TSE) claims in Fawcett Twp., Ont., will get under way as soon as financing is complete, says Wayne Whymark, vice-president of exploration. “I am quite confid…
A study by Fluor Daniel Wright Engineers has confirmed previous estimates made by Chase Resources (VSE) on the Taysan copper project in the Philippines. Chase has an option to purchase a 59.9% interes…
Recent work by Fortune Minerals (CDN) on its Robin claims in the Russell Lake area of the Northwest Territories has returned encouraging results. A batch of 10 grab samples taken along the southern ex…
A recent exploration program has identified a new gold zone and new geochemical anomalies which partners Hemlo Gold (TSE) and Loki Gold (VSE) believe could increase the reserve potential of the Brewer…
A borehole designed to test the Wanapitei anomaly northeast of Sudbury, Ont., has reached its target depth of 1,500 metres without hitting any economic mineralization, says Paul Severin, manager of ex…
Cigar Lake Mining says it has successfully completed the first test mining of the Cigar Lake uranium deposit in Saskatchewan. Using a remote-controlled boring machine, the company mined the orebody fr…
Midas Minerals (TSE) plans a rights offering, subject to regulatory approval, under which shareholders of record (in Ontario and Nova Scotia) on Nov. 5 will receive one right for each common share own…
A 300-ft. ramp being driven into the B zone on Monk Gold and Resources’ (ASE) property near Wawa, Ont., has hit a wider-than-expected vertical shear grading up to 0.28 oz. gold per ton. Quartz veins c…
The Geological Survey of Greenland (GGU) has released three open file reports, including gold and base metal potential of the Ingia area in central west Greenland. The report presents an evaluation of…
Equip-ment financing for the Refugio gold project owned 50% by Bema Gold (TSE) has been arranged through Caterpillar America and its Chilean distributor. Caterpillar will supply up to US$24.6 million …
A second rutile (titanium) property in northern Chile has been acquired by Adonos Resources (VSE). The company said surface investigations of the wholly owned La Rosada property indicate the potential…
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