IGR active in Burkina Faso
Steps have been taken by Toronto-listed International Gold Resources (IGR) to increase its land position and exploration activities in Burkina Faso, West Africa. IGR has signed an option agreement wit…
News
Treminco drilling in western Mexico
Assay results from trenches have confirmed the presence of copper oxide mineralization on Treminco Resources’ (VSE) El Magistral property in Mexico’s Sinaloa state. The results include 0.23% copper ac…
NEWS ROUNDUP — Eden Roc exceeds reserve projection
Having completed a drilling program at its property in Ivory Coast, Eden Roc Mineral (TSE) has surpassed its 1994 gold reserve projection of 1.4 million oz. By the end of 1994, Eden Roc had oxide rese…
NEWS ROUNDUP — New Island plans more drilling
More drilling, beginning in the spring, is planned for the Lucky Smoke gold zone in Newfoundland. New Island Minerals (ASE) of St. John’s wants to test the strike extension of the zone north to the Ke…
NEWS ROUNDUP — Junior Wildcat looks to S.E. Asia
Among the Canadian companies poised to explore for gold in the Malay Archipelago is Pacific Wildcat Resources (VSE). The junior intends to carry out work in southern Sumatra, where a 1,740-sq.-km area…
NEWS ROUNDUP — Rhino completes initial drilling
Junior Rhino Resources (VSE) has finished drilling five holes, totalling 2,000 ft., on the Ned claims near Kamloops, B.C. The program tested what is believed to be an epithermal zone over a distance o…
Nugget Res. plans drilling program
A mid-February start is planned for a drilling program at the Australian gold project of Nugget Resources (ASE). The junior’s property is in the famous Hill End district of New South Wales. President …
Greenstone financing raises $8.4 million
Latin American gold producer Greenstone Resources (TSE) has completed a 2-series convertible debenture offering valued at $8.4 million. Each series has a 5-year term and may be converted into Greensto…
Cyprus seeks El Abra funding
With a feasibility study wrapped up, Cyprus Amax Minerals (NYSE) is seeking almost US$1 billion to develop the Chilean copper project known as El Abra. The company is seeking a loan of $US700 million …
Drilling tests copper-cobalt targets in Mexico
Drilling on Copperstone Resources’ (VSE) Purgatorio concession in Mexico has confirmed the continuity of sediment-hosted copper-cobalt mineralization. The concession, situated north of Santa Rosalia i…
Uranium Institute to mark 20th year
The 1995 Symposium of The Uranium Institute will mark that organization’s 20th anniversary. The event is scheduled for Sept. 6-8 in London, England. Key issues to be addressed include decommissioning …
Platinova gets moly play
Following recent price increases in the molybdenum market, Platinova A/S (TSE) has acquired the Malmbjerg deposit in Greenland. The deposit is 20 km from deep tidewater on the east coast at 72 north l…