EXPLORATION 1998 — Virginia hits gold in Quebec
Virginia Gold Mines (VIA-M) has identified a gold-bearing structure at its Corvet West property near James Bay, in Quebec.The showing, situated in the Guyer volcanic belt, is associated with an east-w…
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Argentina Gold busy at Veladero
Junior Argentina Gold (ARP-V) has released further drill results from its 60%-owned Veladero project, 400 km north of San Juan in western Argentina, near the Chilean border.The Vancouver-based company…
EXPLORATION 1998 — Mineral exploration on rise in Sweden
For Swedish mining and exploration, 1997 will be remembered as a boom year.Preliminary figures from the Swedish Geological Survey show that exploration in the Scandinavian country reached record heigh…
EXPLORATION 1998 — Barrick to drill Eastmain project
A 4,000-metre drill program by Barrick Gold (ABX-T) will further test the Lac Elmer gold project in Quebec’s Eastmain River greenstone belt.The major can earn a 50% interest in the project from Eastma…
EXPLORATION 1998 — Spectrum deals Ban Phuc interest to Falco
Falconbridge (FL-T) has teamed up with Spectrum Resources (SPC-V) on the latter firm’s Ban Phuc nickel-copper concession in Vietnam.Spectrum holds a 70% interest in Ban Phuc Nickel Mines, the owner of…
HBM&S to close Flin Flon mine
Hudson Bay Mining & Smelting, a subsidiary of Minorco (MNRCY-Q), intends to close down its polymetallic opeations in Flin Flon, Man., by 2004.Suspension of the copper-zinc-silver-gold complex will res…
GREATEST VALUE TRADED, Feb. 25-Mar. 3
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New resources at Paul Isnard and St. Elie brighten Guyanor’s outlook
While lower metal prices have dampened enthusiasm for its 1998 exploration program in French Guiana, Guyanor Ressources (GRL.B-T) has put its best face forward with new mineral inventories from two go…
Archon Minerals to gain stake in Buffer zone claims in N.W.T.
Prospector Stewart Blusson is vending his 31.2% participating interest in the outlying Buffer zone portion of the Ekati diamond mine project to Archon Minerals (ACS-V).Ekati, which will soon become Ca…
Donner buys Labrador claims
Donner Minerals (DML-V) is increasing its position in the South Voisey’s Bay area of Labrador by buying out partner Thistle Creek Resources’ half-interest in 165 mineral claims.The Vancouver-based jun…
EXPLORATION 1998 — Geomaque advances Honduran gold play — Extended strike length could boost resources
Toronto-based Geomaque Explorations (GEO-T) continues to report strong gold grades at the Vueltas del Rio project in northwestern Honduras.The junior has now completed 192 holes on the Main zone. Step…
EXPLORATION 1998 — Magnesium Alloy active in Republic of Congo
Junior Magnesium Alloy (MGAC.U-C) has formed an ambitious plan to become a large, low-cost producer of magnesium metal through a multi-faceted project now at an embryonic stage in the Republic of Cong…