Teck adds to Chilean holdings
Teck (TEK-T) has reached an agreement with Luxembourg-based Minorco to acquire a 60% interest in exploration properties in northern Chile. These include the Lobo and Marte gold properties, which are e…
News
Imperial drilling Giant Copper property in B.C.
A minimum 5,000-ft. drill program is set to begin at the Giant Copper property in southern British Columbia.Owner Imperial Metals (IPM-T) intends to increase the near-surface tonnage of the AM zone, w…
Bresea and Diadem drilling Belitung
Drilling is under way at two Indonesian projects owned by Bresea Resources (BSR-M) and Diadem Resources (DIR-M).The projects are on a 579-sq.-km property on Belitung Island, situated between Sumatra a…
Indochina Goldfields expands into Kazakhstan
Newly listed Indochina Goldfields (ING-T) has expanded into Central Asia by acquiring an interest in the Bakyrchik gold mining complex in Kazakhstan.The company plans to acquire 26.6% (fully diluted) …
NEW HORIZONS — Hunting for meteorites
Countless meteorites have fallen throughout history, but fossilized meteorites, which fell millions of years ago and have been preserved in sedimentary rocks, are quite rare.Upon impact with the earth…
Copper price slump lands Gibraltar in the red
Low copper prices took their toll on Gibraltar Mines (GBM-T) during the first half of the year.The company reported a net loss of $340,000, compared with earnings of $2.3 million in the same period in…
Caledonia discovers new cobalt deposit
In Zambia, Caledonia Mining (CAL-T) has discovered a second cobalt deposit.The discovery lies 11 km northwest of the company’s Nama licence, which occupies 180 sq. km on the northern boundary of the Z…
Etruscan finds more gold
Drilling just east of the Samira gold deposit in Niger, Etruscan Enterprises (EET-V) has intersected significant new mineralization.The company is drilling the recently discovered Eastern Extension zo…
Ontario mines ministry to host workshop on protection of bats
A workshop sponsored by the Ontario Ministry of Northern Development and Mines (MNDM) will provide insight into the need to protect bats during mine closure.It is estimated that more than half of the …
DIAMOND NEWS ROUNDUP — Guardian finds diamonds in Wyo.
Guardian Enterprises (GUD-V) has uncovered macrodiamonds in samples taken from its claim blocks in Wyoming.The company is using grease tables to process screened alluvial gravels sampled from the area…
Phelps Dodge drills La Vigas
Operator Phelps Dodge (PD-N) is drilling the Las Vigas copper property in Mexico’s Chihuahua state in order to earn a 55% interest from Corner Bay Minerals (BAY-T).The major can earn the interest by s…
Agreement signed for New Burgin
Chief Consolidated Mining (CFCM-Q), Akiko Gold Resources (AKI-V) and a U.S.subsidiary of Korea Zinc have formed a joint venture to develop the New Burgin deposit in Utah.The deal transfers a half inte…