EXPLORATION 1998 — NovaGold plans programs
NovaGold Resources’ (NRI-T) wholly owned subsidiary, Murray Brook Resources, has begun a 6,000-ft. diamond drilling program at the Murray Brook massivesulphide deposit in northeastern New Brunswick.Th…
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More high-grade silver for Yamana
Yamana Resources (YRI-T) has hit high-grade silver at its Santa Cruz project in southern Argentina.At the 44-sq.-km Bacon prospect, the company intercepted high-grade silver values that confirm encour…
EXPLORATION 1998 — Tex-Sol and Pentland nix merger — Pentland discovers new gold zone
A proposed merger between United Tex-Sol Mines (UTX-A) and Pentland Firth Ventures (PFO-T) has run off the rails.Pentland had offered to issue one of its shares for every two shares of United Tex-Sol,…
EXPLORATION 1998 — Campbell plans further exploration at Santa Gertrudis mine property
At its Santa Gertrudis mine in northern Mexico, Campbell Resources (CCH-T) has completed an exploration program designed to delineate easily accessible deposits that would lend themselves to near-term…
EXPLORATION 1998 — Royalty sisters report reserve boost at Ken Snyder
Low gold prices translated into lower earnings for Franco-Nevada Mining (FN-T over the 9-month period ended Dec. 31, 1997.The royalty company reported income of $37.9 million (or 50cents per share) on…
EXPLORATION 1998 — Winspear drills Wekusko
While diamond prospects in Canada’s North remain its primary focus, Winspear Resources (WSP-V) is helping fund a drill program now testing the Wekusko property about 45 miles southeast of Snow Lake, M…
EXPLORATION 1998 — Gabriel exploring historic Romanian gold district — Program seeks to upgrade resource
Initial drill results from the Rosia Montana gold project of Gabriel Resources (GBU-V) have proven encouraging.The program is designed to upgrade the resource at the Romanian deposit, which stands at …
EXPLORATION 1998 — Republic to sell Congress
Toronto-based Republic Goldfields (RGF-V) has agreed to sell its Congress gold project and related assets to an undisclosed purchaser for the bargain-basement price of US$250,000. The Congress propert…
Mispec hits new gold zone at Jampang project — Cigaru Central zone contains sulphide-bearing stockworks
Drilling by Mispec Resources (MPE-M) has outlined a new gold zone at the Jampang gold property in Western Java, Indonesia.The program consisted of 17 reverse-circulation holes, each of which was colla…
COMMENTARY — Silence isn’t golden
A series of high-level exchanges between gold producers and leading central bankers at the World Economic Forum in Davos, Switzerland, in early February enabled European central bankers to understand …
EXPLORATION 1998 — Morgain to drill Mexican find
Encouraged by the discovery of five new zones at a property in Mexico, Morgain Minerals (MGM-V) has started a trenching program to determine their dimensions and grade.This work will be followed by a …
EXPLORATION 1998 — Armistice retains firm for review
Armistice Resources (ACI-M) has retained Roscoe Postle Associates to conduct an independent review of exploration results from the Virginiatown gold property near Larder Lake, Ont.The junior says its …