Bresea enters joint ventures
The pace of land acquisition in Indonesia appears to be picking up, as more and more Canadian companies strike deals in this latest hot spot of exploration.One company, Bresea Resources (ME), recently…
1996
International trend evident at 13th Cordilleran Roundup
The annual Cordilleran Geology and Exploration Roundup in Vancouver once again featured an international session, reflecting what is now seen as a permanent change in focus for the Canadian mining ind…
Great Central to double output
Australian-based Great Central Mines (NASDAQ) expects its gold production in the first quarter will be double that of the previous 3-month period.The company produced 48,291 oz. gold at a cash operati…
Junior leads the way in Timmins exploration
With airborne geophysical work nearing completion, Leader Mining International (ASE) is looking to begin drilling its Nettogami Lake base metal property by March.The 274-sq.-km property, 180 km north …
BHP, Northern Orion find copper-gold-moly resource in Argentina
After only one year of exploration, the Agua Rica project in the Argentine province of Catamarca is emerging as a copper-gold-molybdenum deposit of immense proportion.The property is held under option…
PEOPLE — ORCANA
Geordie Trusler and James Anthony appointed directors.
Astoria closed by Yorbeau
Faced with the continuing cost of keeping the Astoria mine on standby, Yorbeau Resources has decided to close it.The company will remove underground equipment from the mine, 3 km south of Rouyn, Que.,…
Soquem, Tiomin work North Shore
The Annic joint venture, an equal partnership between Tiomin Resources (ME) and Quebec Crown corporation Soquem, has acquired 53 sq. km on the North Shore of the Gulf of St. Lawrence in Quebec.The joi…
KWG backs Cuban project of Joutel
Toronto-listed KWG Resources will buy 8 million units of Joutel Resources (TSE) at 40 cents per unit, for proceeds of $3.2 million.Each unit in the private placement consists of one subordinate voting…
Alta discovers more gold at Kinsley mine in Nevada
Not only has drilling confirmed the existence of more gold at the Kinsley mine of Alta Gold (NASDAQ); the new mineralized system may represent the most significant gold find in eastern Nevada in recen…
Armistice private placement approved
Armistice Resources (ME) has completed a private placement of flow-through shares, raising $810,000 for exploration drilling and development at its Sheldon-Larder gold property east of Kirkland Lake, …
Minorca Res. gets two CoWs
Minorca Resources (ME) will join with Indonesian-based PT Askatindo Karya Mineral to develop properties held by the latter in that country.Two of the Contracts of Work are on the island of Kalimantan,…