Alta doubles earnings for quarter
With excellent drill results reported from the Olinghouse deposit in Nevada, Alta Gold (ALTA-N) enjoyed a spectacular second quarter.For the 3-month period ending June 30, the company reported a 44% i…
News
Agua Rica project proceeds to feasibility
Northern Orion Explorations (NNO-T) has reported encouraging results from the first three holes drilled on the Agua Rica copper-gold project in Argentina.The drilling, which is focusing on the Mi Vida…
Crown Butte swaps New World for federal assets
After lengthy negotiations with the U.S. government, Crown Butte Resources (CBL-T) has agreed in principle to a land exchange that would block further development of the US$100-million New World gold …
Arequipa intensifies drilling as Barrick waits
Junior Arequipa Resources (AQP-T) has stepped up its drill program in the hope that more geological information will help directors and shareholders assess the takeover offer from Barrick Resources (A…
Ming Financial buying into Labrador yttrium deposit
Vancouver-based Ming Financial (MF-A) plans to acquire the Strange Lake yttrium property in northwestern Labrador from Iron Ore Co. of Canada (IOC).An agreement-in-principle calls for Ming to finance …
Mixed results from Aldebaran
Mixed results were returned from the latest round of deep drilling on the Cerro Casale deposit at the Aldebaran gold property in northern Chile.The property is held 49% by Bema Gold (BGO-T), with the …
DIAMOND NEWS ROUNDUP — Program tests Beniah property
Exploration is under way at the Beniah Lake diamond property in the Lac de Gras region of the Northwest Territories.Sanfred Resources (SND-V) is conducting an airborne geophysical survey to identify m…
Oliver’s infill drilling verifies gold find in Mali
Results from infill drilling confirm that the Main zone of the Segala project in Mali contains a large gold resource, reports Oliver Gold (OGO-V).To date, Oliver and partner CMC (West Africa) have com…
DIAMOND NEWS ROUNDUP — Micros found at Aquila pipe
Summer exploration has picked up steam at the Roundrock property in the Northwest Territories, following the discovery of the Aquila kimberlite pipe.Lytton Minerals (LTL-T) was informed by partner Ash…
STOCK MARKETS — Western markets stay the course
The Vancouver Stock Exchange composite index remained relatively unchanged over the report period ended Aug. 13, closing at 1,134.06 for a 1.14-point gain. The resource index rose 11.01 points to 2,15…
COMMENTARY — Voisey’s Bay II:Expect the unexpected
Nearly 40 years ago, prospector Stan Hilditch climbed to the top of a desolate, humpbacked mountain in the Pilbara of Western Australia to make anastonishing discovery.Hilditch was looking for mangane…
DIAMOND NEWS ROUNDUP — De Beers reports record sales
Diamond mining giant De Beers Consolidated Mines reports that a “positive mood in the market” during the first half of 1996 resulted in record sales of US$2.75 billion and an 18% increase in earnings….