Verena picks up more ground
Verena Minerals (VMCO-C) has signed a deal with Ouro Brasil (OOB-V) to boost its interest in a 36,000-ha gold exploration property in Brazil.In order to increase its interest in the Conceicao de Norte…
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Hebron picks up gold properties
Just months after Mazarin Mining (MAZ-T) announced that it would shift its focus back to industrial minerals, the company has found a buyer for its gold properties in Hebron Fjord Resources (HEF-M).In…
THI buys into Angolan project
Trans Hex International (THI-T) is acquiring a 37.5% interest in three diamond properties in northern Angola.The terms of the agreement call for Trans Hex to acquire 75% of the half-interest currently…
Partners set to bring drills back to South Voisey’s Bay
Northern Abitibi (NAI-V), Donner Minerals (DML-V) and Teck (TEK-T) are gearing up for the 1998 drilling program on the South Voisey’s Bay property in Labrador.The proposed exploration program consists…
Rayrock moves to swallow Minera
Rayrock Yellowknife Resources (RAY-T) is expected to succeed in a bid to take over Minera Rayrock (MRN-T), in which it currently owns a 37.5% interest (19.1 million shares).Rayrock, a Toronto-based go…
Partners trench Likasi
Partners Melkior Resources (MKR-M) and Trillion Resources (TLQ-T) have begun to receive assay results from a trenching program on their Likasi property in the Democratic Republic of Congo.The partners…
Romios pulls gold in Ontario
Six holes drilled by Romios Gold Resources (RGRI-C) at its Lundmark-Akow Lake property in northwestern Ontario have returned varying grades of gold mineralization.A total of 2,185 metres of drilling w…
St. Gen and KWG end 1997 awash in red ink
St. Genevieve Resources (SGVE-C) and affiliate KWG Resources (KWGR-C) combined to amass a whopping $196 million in net losses during 1997, a year that ended with the revelation that $21 million had be…
Canada, Honduras sign geo deal
Canada and Honduras will work together to improve land use in the Central American country, particularly in rural areas.Ralph Goodale, minister of Natural Resources Canada, and Pedro Arturo Sevilla, H…
Prefeasibility set for Separation Rapids
Encouraged by market projections and recent drill results, Avalon Ventures (AVL-V) plans to obtain a prefeasibility study on its Separation Rapids property, 60 km north of Kenora, Ont.A program of inf…
Sunshine Mining advances high-grade silver property in Colorado
In what may be the only exploration program being conducted in Colorado, Sunshine Mining & Refining (SSC-N) is returning to the southwestern part of the state for another look at its high-grade silver…
Serengeti updates JV
Serengeti Diamonds (SGD-V) has entered into a joint-venture agreement with Anglo American subsidiary Anmercosa Exploration (Tanzania) and a Tanzanian company, Dhahabu Exploration and Mining, on two go…