ODDS ‘N’ SODS/A.E. ALPINE — Blue Quartz reverie
Following the Porcupine gold strike in Ontario in 1911-12, prospectors staked claims all along the Destor-Porcupine fault line in the province’s north.Two prospectors working on a narrow quartz vein n…
News
METAL PRICES — Daily Metal Prices (May 26, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 20May 19May 16May 15May 1…
Northern Crown steps up work
Northern Crown Mines (NEW-T) has announced encouraging results from the first hole in a program of renewed drilling at the Guadalupe de los Reyes project in Mexico.The hole was drilled east of areas o…
First Dynasty buys into Armenian projects
Singapore-based First Dynasty Mines (FDM-T) and New York-based Global Gold have inked a deal that will see the former earn up to a half interest in three advance-staged gold projects in Armenia.First …
Orion drills in Argentina
Drilling is being accelerated at the Agua Rica porphyrycopper-gold-silver-Molybdenum deposit in the northwestern Argentine province of Catamarca.Northern Orion Explorations (NNO-T) reports that three …
Nelson eyes suspended gold mine
In its first venture outside the Commonwealth of Independent States, Nelson Gold (NLG-T) is looking to acquire a majority interest in the suspended Kalana gold mine in Mali, West Africa.Nelson recentl…
Gold price weakens performance of Royal Oak
Royal Oak Mines (RYO-T) reported a first-quarter loss of $8.1 million, compared with earnings of $1.4 million for the same period last year.Gold production for the first three months of the year total…
Drilling extends Toms zone
A drill program by Tri Origin Exploration (TOE-T) has doubled the length of mineralization associated with the Toms zone on the Lewis Ponds property in New South Wales, Australia.The company says hole…
Glencairn to gain stake in Santa Maria property
Junior Glencairn Explorations (GLJ-A) will acquire a private company’s interest in the Santa Maria gold property in Mexico’s Chihuahua state.The private company, Six Gill Minerals, currently holds a 2…
KazMinCo releases resource estimate for Samarskoye copper-gold deposit — Negotiations concluded for development terms and conditions
Based on the results of a prefeasibility drilling program totalling 27,000 metres, Kazakhstan Minerals (KMC.U-T) has reported a preliminary resource estimate for the Samarskoye porphyry deposit in cen…
Vogel property shapes up for Kinross, Black Hawk — Drilling indicates mineralized structures persist
The Vogel property, about 15 km east of Timmins, Ont., may be shaping up as an important part of the future for the Hoyle Pond mine of Kinross Gold (K-T).Kinross recently finished a $1-Million program…
ASIAN EXPLORATION — Cameco Gold forms alliance with Menzies Gold
Cameco Gold, a wholly owned subsidiary of Cameco (CCO-T), is zeroing in on gold exploration opportunities in Southeast Asia by forging an alliance with Menzies Gold (MZG-AUS) of Australia.The two comp…