Goldbelt outlines Kazakstani targets
Goldbelt Resources (GDB-V) has delineated four new drill targets on its exploration licences in northeastern Kazakstan.The discoveries, outlined below, resulted from a 47.2-line-km geophysical program…
1997
Camnor tests for gold in Nevada
Drilling by Camnor Resources (CMB-V) will test three gold properties in Nevada.Work is already under way at the Alum and Raven properties. Alum is situated 60 km west of Tonopah, within the Walker Lan…
St Andrew issues 1 million shares
St Andrew Goldfields (SAS-T) is proceeding with a private placement of 1 million flow-through shares priced at $2.65 each.The company will use the proceeds to explore its gold properties near Timmins,…
Great Central takes control of Eagle
Great Central Mines (GTCMY-Q) continues to shore up its land hondings in the Yandal mineral belt of Western Australia.The New York City-based company has acquired control of a Western Australia gold p…
Sparton drills gold at Hanover project in Timmins camp
A first phase of drilling by Sparton Resources (SPTN-C) has intersected multiple zones of gold mineralization on the Harrower property in Timmins, Ont.The program included 11 drill holes, comprising 2…
STOCK MARKET — TSE robust despite poor showings by golds, base metals — Positive results boost value of SouthernEra; royalty sisters Euro and Franco hold steady
The Toronto Stock Exchange shifted into high gear over the report period ended Oct. 7, setting records on each of the five trading days. The TSE 300 index closed the week at 7,209.93 for a gain of 169…
Wheaton turns its attention to Costa Rica
Toronto-based Wheaton River Minerals (WRM-T) has added nearly 2 million oz.to its gold mineral base by acquiring the Bellavista gold project in Costa Rica from Minera Rayrock (MRN.Z-T).Wheaton conclud…
First Quantum to acquire International Ballater
Copper producer First Quantum Minerals (FM-V) will acquire junior gold producer International Ballater Resources (IBA-V).Under terms of the deal, which is expected to close in December, one Quantum sh…
Crew Development picks up Zambian copper-cobalt mine
The Canadian-South African Consortium, in which Crew Development (CRU-T) holds a 48% direct and indirect interest, has acquired the Chibuluma copper-cobalt project from state-owned Zambia Consolidated…
Cambior, Golden Star boost reserves at Gross Rosebel — Resource figures climb at La Arena project
Once again, Cambior (CBJ-T) and partner Golden Star Resources (GSC-T) have increased the reserve estimate at their Gross Rosebel gold project in Suriname, South America, by almost one-third.The Gross …
World exploration salaries at comparable levels
A survey suggests that salaries for those employed in the upper levels of exploration are consistent throughout many countries that have a substantial mining industry.Salaries for exploration professi…
DIAMOND PAGE — SouthernEra confirms Marsfontein diamond grades
Assays of a bulk sample taken from the M-1 kimberlite pipe on the Marsfontein farm at the Klipspringer project in South Africa have confirmed earlier grade estimates, reports SouthernEra Resources (SU…