News


Procoloro raises funds and deals option on Vallejo

Procoloro Resources (ME) has given a private Quebec company, 29594785 Quebec Inc., an option to earn 45% of the Vallejo property in the Remedios district of Colombia.The 5.6-sq.-km concession has a ve…




Kennecott constructs huge Utah smelter

The largest construction project undertaken in the state of Utah is a fait accompli.The US$600-million Kennecott Utah Copper smelter, near Salt Lake City, was designed and built by Davy International,…


South Pacific explores in Indonesia

Indonesian explorer South Pacific Resources (VSE) will spend US$4.4 million testing its three properties on the island of Kalimantan.The program, which was fully funded by an equity issue in 1995, wil…




Refugio ready to pour gold

One of the world’s largest open-pit gold mines, the Refugio in Chile, is up and running and ready to pour gold.Construction of the $127-million mine, a 50-50 joint venture between Amax Gold (TSE) and …


Lyndex to buy Spanish concentrator

CDN-listed Lyndex Exploration will buy a mill and related equipment for its Salave gold project in northern Spain.The Rubiales mill, also situated in northern Spain, has a capacity of 3,000 tons per d…


Barrick to develop third mine at El Indio

Exploration at the Chilean project known as El Indio has uncovered a new gold deposit, and Barrick Gold (TSE) expects it will form part of what would be its third mine in South America.The Pascua mine…


Greenstone expands its Libertad concessions

A US$1.5-million exploration program at the Libertad concessions in Nicaragua is bearing fruit for Greenstone Resources (TSE).Four new zones of gold mineralization have been identified, two of which h…


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