Gitennes advances Virgen exploration
An exploratory tunneling program on the southern end of the Rio Suro gold zone at the Virgen property in north-central Peru is now complete.Gitennes Resources (GIT-T) is using the tunnel to develop a …
News
Aur drops Patagonia
After spending $1.5 million on exploration, Aur Resources (AUR-T) has decided to drop its option to earn an interest in the Patagonia property from Southern Rio Resources (SNZ-V).Southern Rio intends …
PEOPLE — PANDORA
John Campbell elected director.
PEOPLE — MARCHMONT
Nick Clarke appointed COO.
Alcan to build huge smelter in Quebec — Costs pegged at US$1.6 billion
Montreal-based Alcan Aluminium will construct a 375,000-tonne aluminum smelter in Alma, Que.The facility will replace the Isle-Maligne smelter, also in Alma, which has an annual production capacity of…
PEOPLE — GOLDMAX
Warwick Grigor elected director.
PEOPLE — CONS. VENTUREX (February 23, 1998)
Clarence Williams Cole elected director.
DIAMOND PAGE — Rupert sizes up South African pipe
The third hole of a delineation drilling program on the past-producing Crown kimberlite pipe in South Africa has intersected more than 467 metres of potentially higher-grade, hypabyssal-phase kimberli…
Greystar cuts more gold at Angostura
Greystar Resources (GSL-V) is continuing an aggressive in-fill drilling program at its wholly owned Angostura Gold Project in northeastern Colombia.The Vancouver-based junior released the first drill …
VSE cans GMD directors and orders loan repayments
Farrell Financial and LMX Resources (LMX–V) have been ordered by the Vancouver Stock Exchange to repay $3 million in loans that were not properly disclosed. In addition, the VSE banned GMD President …
STOCK MARKETS — TSE rises despite weak performances of golds, base metals — Aurado Exploration remains hottest ticket; Rex share price hits three digits
The Toronto Stock Exchange 300 composite index climbed 78.97 points, or 1.1%, in the report period of Feb. 11-17, to end the week at 6960.46.Trading volumes were relatively healthy for most of the per…
Valerie drill tests Mexican anomaly
A 1,600-metre diamond drilling program is under way on the Mamatla concession in south-central Mexico, held by Valerie Gold Resources (VLG-V).The 160-sq.-km concession straddles the boundary between t…