Drilling returns more gold for Maracote
Assay results from two holes drilled at the Halley gold property in south-central Peru have proven encouraging for Maracote International Resources (MCE-V).The ongoing drill program is testing a 600-b…
News
Asarco, Cyprus announce merger
The boards of Asarco (AR-N) and Cyprus Amax Minerals (CYM-N) have unanimously approved a merger proposal that would create the world’s largest publicly traded copper company and second-largest copper …
DIAMOND PAGE — Canabrava busy in Brazil
With the ink barely dry on their option agreement, partners SouthernEra Resources (SUF-T) and Canabrava Diamond (CNB-V) have begun exploration at the latter’s 480,000-ha namesake diamond project in so…
Eldorado trims costs, ramps up production
In pursuit of its goal of producing 190,000 oz. gold by the end of the year, Eldorado Gold (ELD-T) cut cash costs and increased output during second quarter.In the second 3-month period of the year, t…
Index (July 26, 1999)
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EuroZinc arranges financing, defines Feitais deposit
A recent $4.5-million financing will be used by EuroZinc Mining (EZM-V) to advance feasibility studies at the Aljustrel zinc project in Portugal, where a delineation drill program was recently complet…
Jeweler snags Aber stake
Upscale jeweler Tiffany & Co. (TIF-N) will invest $104 million in Aber Resources (ABZ-T) in return for a “substantial portion” of the company’s share of production from the Diavik diamond project in t…
Partners hit more sulphides
Drilling by partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T) at the Duck Pond copper-zinc deposit in central Newfoundland could potentially boost known resources.Two of the four most…
NEWS ROUNDUP — Cambior options Lac Dor property
Cambior (CBJ-T) has acquired an option to buy a 40% interest in the Lac Dor vanadium property from privately held McKenzie Bay Resources.Cambior must spend $4 million on a bankable feasibility study o…
Gold adds to Tambo Grande
Results from 41 diamond drill holes on the TG-1 deposit at Tambo Grande, in northern Peru, have confirmed extensions to sulphide and oxide portions of the deposit and revealed a significant gold conte…
Resource grows at Timmins project
The Hoyle Township project owned by Black Hawk Mining (BHK-T) east of Timmins, Ont., has a substantial gold resource and could be economic at improved gold prices, according to a recent report.The stu…
NEWS ROUNDUP — Maude Lake and Sirios option property
Juniors Maude Lake Exploration (MAU-M) and Sirios Resources (SOI-M) have optioned to Falconbridge (FL-T) their 672-ha base metal property in Quebec’s Lac Rocher region.Falconbridge can acqui…