Gerle, Monopros come up short at Doyle Lake
A 6-hole drilling program at the Doyle Lake diamond project in the Northwest Territories encountered no kimberlite.Gerle Gold (GGL-V) holds a 40% interest in the project and is the operator.Monopros, …
News
LATIN AMERICA — Phelps Dodge joins forces with Corner Bay at Cerro Verde
Partners Corner Bay Minerals (BAY-T) and Phelps Dodge (PD-N) are forming a joint-venture company to explore the Cerro Verde property in Mexico’s Sonora state. Their objective is to outline a bulk-tonn…
LATIN AMERICA — Geomaque intensifies drilling in NW Honduras — Reserve calculation for Vueltas del Ro gold property anticipated in coming months
Delineation drilling by Geomaque Explorations (GEO-T) at its Honduran gold property has returned sufficiently encouraging values to warrant follow-up work.No sooner had the company wrapped up its dril…
LATIN AMERICA — Phelps Dodge bids adis to Peruvian play
Phoenix, Ariz.-based Phelps Dodge (PD-N) has pulled out of the Cerro Lindo copper-zinc project in Peru.The company gave no reason for its withdrawal..Situated near the southern department of Arequipa,…
LATIN AMERICA — Eldorado funds mine expansion
Some of the proceeds of a newly arranged US$50-million revolving credit facility will be used by Eldorado Gold (ELD-T) to fund an ongoing expansion and optimization program at the Sao Bento gold mine …
LATIN AMERICA — BHP Minerals eyes interest in Bolivia’s Iroco project
Juniors Altoro Gold (ATG-V) and Vista Gold (VGZ-T) have signed an option agreement enabling BHP Minerals to earn a 50% interest in their jointly held Iroco gold project in Bolivia.To earn its interest…
LATIN AMERICA — Solitario drills prospects
Drilling by Solitario Resources (SLR-T) has intersected narrow intervals of high-grade gold mineralization at the Canada Onda prospect in Argentina.The Denver-based company said high-grade gold was in…
Barrick drops Nufort option
Gold giant Barrick Gold (ABX-T) has terminated an option it held on the Nufort claims, near Timmins, Ont.Moneta Porcupine Mines (ME-T) holds a 50% interest in the claims. However, Barrick will maintai…
Patricia extends Lochalsh at depth
Infill drilling by Patricia Gold Mines (PAT-V) at the Island Gold project, northeast of Wawa, Ont., has hit additional gold intersections.The drilling has extended the known depth of mineralization in…
LATIN AMERICA — Teck, Western Copper push ahead in Mexico
Teck (TEK-T) and Western Copper Holdings (WTC-T) continue to advance their El Salvador joint venture in Zacatecas state, Mexico. Recent drilling on the polymetallic property has increased the known ex…
GOLD FUNDS (October 20, 1997)
Gold Funds as of October 9, 1997BGRCentralNet Value$18.38$5.98Price$13.65…
Asia Pacific updates study
Management of Asia Pacific Resources (APQ-V) is reviewing a feasibility study for the Udon Thani potash project in Thailand.The company says it is reviewing various elements of the report.Information …