Al Hariqah shows promise
A first-phase drill program by Cantex Mine Development (CD-V) has returned encouraging results from the Al Hariqah gold project in Yemen.Thirteen holes tested a mineralized zone measuring 3.2 km by 60…
News
GeoNova buys Bachelor Lake
Montreal-based GeoNova Explorations (GNE-M) has signed a preliminary agreement to buy the Bachelor Lake gold mine and mill facilities for $5.6 million in cash and debt plus 3 million GeoNova shares.Si…
Twin finds more anomalies
Junior Twin Gold (TWG-T) has identified four dykes and 10 anomalies in an airborne survey over its diamond property in northern Quebec.The magnetic-electromagnetic survey on the northeastern section o…
Noranda and Metallica revise joint venture
Noranda (N-T) has revised its agreement with Metallica Resources (MR-T) over the Chilean copper porphyry target known as El Morro.Under the new agreement, Noranda can earn a 70% interest in the proper…
CDNX continues to set record highs
Canada’s junior stock market index ignored fears of higher interest rates, posting another record close. The Canadian Venture Exchange gained 204.45 points, or 6.08%, over the week ended Feb. 23 and c…
Improved Louvicourt bolsters Novicourt and Aur
A combination of higher production and lower processing charges at the Louvicourt mine, east of Val d’Or, Que., substantially improved Novicourt’s (NOV-T) year-end financial results.The company, which…
Ashanti
Decreased gold production, lower prices and a $7.8-million writedown of mining assets combined to produce more red ink for Richmont Mines (RIC-T) during 1999.The Montreal-based gold miner churned out …
Ashton resumes work at NWT properties
Armed with $1.3 million from a private placement, diamond-hunter Ashton Mining of Canada (ACA-T) has begun ground geophysical surveys on three properties in the Northwest Territories.At the 17,600-ha …
Pacific Rim expands Luicho gold target in Peru
Ongoing surface rock sampling is enabling Pacific Rim Mining (PFG-T) to enhance a promising bulk-tonnage target at the Luicho gold project in southern Peru.The company efforts are aimed at expanding t…
Buchans River expands in Labrador
Intrigued by a geological study released by the Newfoundland Dept. of Mines in 1994, Buchans River (BUV-V) has staked ground covering anomalous palladium, platinum and gold values from layered gabbron…
Monopros drops Victoria Island project
Despite the discovery of several diamondiferous kimberlites on the Victoria Island property in Nunavut, Monopros, the Canadian exploration arm of De Beers Consolidated Mines (DBRSY-Q), has elected to …