1997

Juniors Spider Resources (SPQ-A) and KWG Resources (KWG-T) have found more diamonds in the Kyle Lake diatreme in the James Bay Lowlands, 200 km north of Timmins, Ont.The results, called “quite encoura…

The U.S. Bureau of Land Management has approved plans to expand the Twin Creek gold mine in northern Nevada.The decision allows owner Santa Fe Pacific Gold (GLD-N) to expand the pit and thereby gain g…

Toronto-based Banro Resource (BANR-C) is exploring its Namoya gold property in the Maniema province of eastern Zaire.CME Consulting is managing the program, which consists of an airborne geophysical s…

Toronto-based High River Gold Mines ((HRG-T) has acquired an option to earn 100% of a 500-sq.-km concession adjacent to its Taparko gold project in Burkina Faso.A second-phase, US$2-million exploratio…

A drill program by Tri Origin Exploration (TOE-T) is attempting to expand mineralization at its Lewis Ponds property in New South Wales, Australia.Resources at the Toms zone of Lewis Ponds stand at 1 …

Calgary-based Canadian Mountain Minerals (CYM-A) and Kelowna-based Goldtex Resources (GXR) are encouraged by initial results from their gold-prospecting efforts in northwestern Yemen.The juniors are p…

Dong Bi appointed director.

Robert Cogliandro appointed president.

Gold Funds as of January 23, 1997BGRCentralNet Value$21.39$5.78Price$16.75…

A private placement has enabled Greenhope Resources (GRH-M) to raise just over $500,000 to fund exploration work in Mozambique.The major participant in the financing was Trillion Resources (TLQ-T), Gr…

Diamond drilling by Ashanti Goldfields (AHD.U-T) is about to begin on the Nassile property in Niger.The African gold producer can earn up to a 60% interest in the joint-ventured project from Royalstar…

An exploration program by the African subsidiary of Ashton Mining will test the diamond potential of the Kenieba project in Mali, West Africa.The project is 49% held by Vancouver-based Mink Mineral Re…