Nebex drills Munelle
Calgary-based Nebex Resources (NBX-T) is encouraged by results from the first hole drilled on its Munelle polymetallic deposit in north-central Albania.Late last year, the company received government …
News
Eden Roc in red, but optimistic
Record gold production and higher revenues were not enough to keep Eden Roc Mineral (EDN-T) out of the red in 1997.For the year ended Dec. 31, the Toronto-based company lost $15.4 million on revenue o…
Armada gets backing for Baley gold project
Russia’s Vneshtorg Bank will provide backing to Armada Gold (AAU-T) in the form of a gold sales commission agreement, paving the way for development of the Baley gold project in southeastern Siberia.T…
LatinGold adds ground
LatinGold (LAT-T) has signed an agreement with a private firm to earn a 60% interest in two silver-gold properties in Mexico’s Guanajuato state.LatinGold can earn its interest in two stages, each of w…
Companies (May 04, 1998)
Abacus MineralsAber ResourcesAbitibi MiningAfrican Selection MiningAGC Americas GoldAlhambra ResourcesAlpha GoldAmax GoldAmerican Bullion MineralsAnglo AmericanAntares MiningAnzex ResourcesArizona Sta…
MINING IN CANADA Companies persevere in BC despite downtrend by thomas schuster
The state of British Columbia’s mineral exploration industry has yet to show signs of recovery.According to the British Columbia Geological Survey, exploration expenditures in the province declined by…
Cleanup under way at Los Frailes mine
A tailings dam failure at the Los Frailes mine, about 30 km northwest of Sevilla, Spain, has flooded a large area of farmland, and Spanish authorities are considering pressing charges.The mine, owned …
MINING IN CANADA — Eastfield, Ascot prepare to follow up BC discovery
Eastfield Resources (ETF-V) and partner Ascot Resources (AOT-V) believe an early-stage, grassroots copper-molybdenum discovery in the Babine Lake area of central British Columbia could have the making…
MINING IN CANADA — Athabasca uranium play heats up as Kennecott teams with JNR — Geophysical programs planned for eight unconformity targets in northern Saskatchewan
Now that Kennecott Canada Exploration has joined the exploration play in northern Saskatchewan, investors are showing renewed interest in the properties held there by JNR Resources (JNN-V).In February…
Intiedougou takes shape
When Ottawa-based junior Orezone Resources (ORZ-T) took on a gold exploration property in southwestern Burkina Faso, it had no clear idea where to find gold. But on top of that, it didn’t even know wh…
NEW MINES ROUNDUP — Green light for uranium mines
The Cigar Lake uranium project in northern Saskatchewan’s Athabasca Basin — a joint-venture held 48.7% by Cameco (CCO-T) and 36.4% by French-owned Cogema Resources — has received conditional approva…
PEOPLE — Diamond Fields Int’l (May 04, 1998)
Trevor Schultz and Kevin Dardis appointed directors.