Pegasus crash-lands under debt load
Pegasus Gold (PGU-X) has lost its fight against the dwindling gold price and filed for bankruptcy protection after unsuccessful appeals for clemency to its major creditors.The company had been in nego…
News
AFRICA — Rex Diamond explores in Mauritania
Rex Diamond (RXD-T) has launched an exploration program aimed at finding diamond-bearing kimberlites in the desert of northern Mauritania.The diamond-producing company recently announced the discovery…
AFRICA — Raymor Resources tests gold projects in Mali
The success of the Sadiola Hill gold mine in Mali has prompted other Canadian juniors to take a serious look at the gold potential of the West African nation.Among those companies is Raymor Resources …
AFRICA — Normandy advances African gold projects
Canadian mining companies exploring in Africa are finding that their Australian counterparts are equally interested in the continent’s mineral potential.Among the senior Australian companies active in…
AFRICA — East Africa Gold expands Tanzanian holdings
Perth, Australia-based East Africa Gold (EAG-V) has increased its holdings in the Lake Victoria Goldfields region of northwestern Tanzania.EAG has acquired a 23-sq.-km prospecting licence at South Mwa…
AFRICA — SEMAFO advances exploration at Perkoa in Burkina Faso
Quebec-based West Africa Mining Exploration (SMF-T) is set to begin a drill program at its Perkoa gold property, in west-central Burkina Faso.The property, which was acquired by the junior last May, c…
AFRICA — Shiega begins trenching
A trenching program by Shiega Resources (SHG-V) is testing the gold potential of the Baroya concession in Mali.The Vancouver-based junior holds a 60% interest in the project, whereas Robex Resources (…
AFRICA — Clear Creek eyes offshore diamonds
Newly listed Clear Creek Resources (CK-V) plans to start operations this year at its Good Hope diamond project, on the west coast of South Africa.Although the company released a resource estimate for …
AFRICA — Billiton on acquisition trail
Since acquiring the mining assets of Royal Dutch/Shell in 1994, Billiton has prospered and grown into one of the world’s largest mining companies. The success of Gencor’s international arm now has som…
AFRICA — Global still finding plenty of diamonds in South Africa
San Diego-based Global Diamond Resources (GDRS-O) is forging ahead with two advanced-stage projects and a bulk sample program at its diamond properties in South Africa.Of the three properties, the mos…
AFRICA — Ashanti options Kraapian gold project
An agreement with London-based Reunion Mining sets the stage for Ashanti Goldfields (AHD.U-T) to earn up to a 65% interest in the Kraapian gold project in Botswana.To earn the interest, Ashanti must f…
Companies (January 26, 1998)
Aber ResourcesAce DevelopmentAdikann GoldfieldsAlberta EnergyAmCan MineralsAmerica Mineral FieldsAnglo AmericanAnglo VaalAnvil Range MiningApex Silver MinesAsarcoAshanti GoldfieldsAshton Mining of Can…