Aurizon inks deal to develop Douay West
An option agreement could see the Douay West gold deposit, northeast of Joutel, Que., enter production by mid-1998.Aurizon Mines (ARZ-T) has signed a deal with owner Vior Mining Exploration (VIO-M), w…
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Randgold gains stake in Malian gold mine
Randgold Resources, the exploration arm of South Africa’s Randgold group, has acquired the Malian subsidiary of BHP Holdings (International). The deal includes a 65% stake in Syama, a large Malian gol…
LITERATURE REVIEW SPECIAL — Great Lakes funds work at Palmarito
Toronto-listed Great Lakes Minerals (GKM-T) has secured US$1 million in financing for its Palmarito silver-gold project in Mexico’s Sinaloa state.Repadre Capital (RPD-T) will provide the funds in retu…
LITERATURE REVIEW SPECIAL — Oroperu drilling gold properties
The acquisition of Arequipa Resources and its Pierina gold deposit by Bar- rick Gold (ABX-T) has cast the spotlight on Peru’s mineral potential. The major is also eyeing other projects in the country,…
ODDS’N’SODS — Scout’s honor
The local Boy Scout troop at Ontario’s Red Lake camp traditionally held their annual campout on a beach on the northern shore of Red Lake. The beach could be reached only by water, and had a reputatio…
Canada’s first wollastonite plant under construction in Quebec
Owner Orleans Resources (OLS-M) has hired Cambior (CBJ-T) to build Canada’s first wollastonite processing plant, in St-Ludger-de-Milot, Que.Orleans Chairman Jean-Guy Masse says the plant is expected t…
NEWS ROUNDUP — Tiomin, Soquem hit nickel near Sept-Iles
Tiomin Resources (TIO-T) and its joint-venture partner, the Quebec Crown corporation Soquem, have discovered several nickel-bearing, disseminated and massive sulphide targets at the Annic project nort…
LITERATURE REVIEW SPECIAL — Battle Mountain and Normandy eye Vera-Nancy gold mine
Equal partners Battle Mountain Gold (BMG-N) and Normandy Mining intend to develop the Vera-Nancy project near the Pajingo complex in Queensland, Australia.The projected capital cost of US$40 million i…
EDITORIAL PAGE — The fall guy
U.S. President Bill Clinton told delegates attending the recent Democratic Party convention that his administration “had saved Yellowstone Park from mining.” Next, he assured delegates that his admini…
Ecu to drill Bell
A sampling program has been carried out by Ecu Gold Mining (ECU-M) at the Bell Mountain gold property southeast of Fallon, Nev.The program outlined 13 mineralized structures, including the Sphinx and …
Westmin, Atna drilling to expand Wolverine
Following last year’s exciting discovery of the high-grade Wolverine polymetallic deposit here in the southeastern Yukon, 60-40 partners Westmin Resources (WMI-T) and Atna Resources (ATN-T) are determ…
THE GLOBAL SEARCH FOR GOLD SPECIAL — Bre-X discovery launches gold rush in Indonesia
The discovery by Bre-X Minerals (BXM-T) of millions of ounces of the yellow metal at its Busang property in East Kalimantan has induced mining companies the world over to flock to Indonesia.During the…