Drills to turn at Chimborazo
Some 27,000 metres of reverse-circulation drilling will be carried out at the Chimborazo copper property in northern Chile.The project is a joint venture between Agate Bay Resources (ABE-V), which, as…
1997
EXPLORATION 1997 — Russian financing a boon to High River
A Russian gold producer whose single largest shareholder is Toronto-based High River Gold (HRG-T) has completed one of the largest foreign financing deals in Russia to date.Buryatzoloto, which is 22.9…
Vedron extends its Fuller gold target
A drill program at the Fuller property of Vedron Gold (VDGI-C), just east of Timmins, Ont., has extended the indicated mineralization to the property’s eastern boundary.Twenty-three holes were drilled…
McArthur River project shapes up for Cameco
An environmental review panel has recommended that Cameco (CCO-T) be permitted to develop the McArthur River deposit in Saskatchewan.The project, 620 km north of Saskatoon, is the largest, high-grade …
EXPLORATION 1997 — Nebex drills Walsh Lake property
A drill program by Nebex Resources (NBX-T) will test for extensions of known gold mineralization at the Walsh Lake property near Yellowknife, N.W.T.The company has a 75% interest in the property, whic…
EXPLORATION 1997 — Gen. Minerals hits high grade in Chile
General Minerals (GNM-T) has intersected high-grade, secondary-enrichment copper mineralization over significant widths at its Vizcachitas property in central Chile.Hole 16 returned (from 96.68 to 148…
Prospectors Alliance finds new zone at Alder Pond
Stepout drilling by partners Prospectors Alliance (PALL-C) and International Larder Minerals (LRDR-C) at the Alder Pond base metal property in Maine has identified additional mineralization.Hole 120 r…
Inmet hopes for turnaround in 1997 as new copper and gold projects come on stream
After losing money for the second year in a row and seeing drops in its production levels for 1996, Inmet Mining (IMN-T) is hoping its newest copper and gold projects will improve its fortunes in the …
Meridian Gold increases resource at El Peon
Exploration by Meridian Gold (MNG-T) has doubled the gold resource at El Peon, a property in northern Chile.Last year, the company spent US$6 million exploring the property in a program that included …
South Atlantic adds Swedish ground
By acquiring two Swedish mining companies, South Atlantic Resources (SCQ-V) has added 14 gold, silver and base metal properties to its portfolio of mineral assets.Svenska Milo-och Mineral and Vasterno…
EXPLORATION 1997 — Minco excited by China’s grassroots potential
Having raised $7.6 million through a public offering of special warrants, Minco Mining & Metals (MMM-V) is proceeding with exploration of its gold and copper projects in China.Under an arrangement rea…
EXPLORATION 1997 — Redbird program tests King Bay
An exploration program is under way at the King Bay gold property on Sturgeon Lake in northwestern Ontario, reports Redbird Gold (RDB-A).The King Bay property was previously explored by a number of co…