Kennecott options Ophir property
Kennecott will option the Ophir property of Tucson-based Silver Eagle Resources (VSE).Situated in Utah’s Oquirrh mountains, the property contains silver-lead-zinc deposits and covers 1,361 acres of pa…
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Tailings cease to flow at Marcopper mine
The tailings leak at Placer Dome’s (TSE) Marcopper mine on Marinduque Island in the Philippines has stopped, and the operators of the mine are preparing to install a temporary seal.Tailings began leak…
Prime moves to boost stake in Snip gold mine
Prime Resources (TSE) has thwarted an attempt by International Skyline Gold (TSE) to acquire Cominco’s (TSE) 60% interest in the Snip gold mine in northwestern British Columbia.Prime, which already ow…
Tiomin Res. free to develop Cerro Colorado project
PanaCobre, the Panamanian unit of Tiomin Resources (ME), has received final approval from the Panamanian government to develop the Cerro Colorado porphyry copper deposit in western Panama.Tiomin expec…
QEX tests Calumet Island project
Drilling by QEX Resources (ME) has encountered gold-silver-zinc-lead mineralization at the former New Calumet mine, 100 km northwest of Hull, Que.Three vertical holes drilled into the footwall of the …
Juniors begin work program at Grandola property in Portugal
Exploration is under way on the Grandola licence in the Iberian pyrite belt of southern Portugal.Four joint-venture partners — Redfern Resources (TSE), Cumberland Resources (TSE), International Vesto…
Viceroy, Baja and Loki plan a three-way merger
A proposed merger among three Toronto-listed juniors — Viceroy Resources, Loki Gold and Baja Gold — is expected to reverse the perception that Viceroy has limited production potential.The combined c…
Inco takes spotlight, Falco waits in wings
In recent weeks, shareholders of Diamond Fields Resources (TSE) have been busy weighing various offers put on the table by two of the Western World’s largest nickel producers, Inco (TSE) and Falconbri…
Cartaway to venture beyond Cabot Lake
Drilling on the Cabot Lake North property in Labrador returned disappointing results for Cartaway Resources (ASE), which is earning a 70% interest from Freeport Resources (VSE).Drilling, which has sin…
Inmet feasibility study positive for Ovacik project
The total annual production of Inmet Mining (TSE) could top 300,000 oz. gold in 1997, following completion of a feasibility study on the Ovacik property in western Turkey.The study concludes that the …
Gold forum to highlight recovery methods
The Randol Gold Forum, an international conference and exhibition on gold extraction and recovery, will be held April 22-24 at Squaw Creek, Calif.The conference will focus on improved gold and silver …
Arimetco to restart Paradise Peak
Toronto-listed Arimetco International is moving ahead with plans to reactivate the Paradise Peak gold mine in Nevada.The company requires another two months to prepare the leach pads and recondition t…