More Colombian gold for Greystar
Vancouver-based Greystar Resources (GSL-V) has recovered high-grade gold intercepts at its Angostura gold project, situated in northeastern Colombia.Two step-out diamond drill holes returned significa…
News
Novicourt’s profits down
Yet another Canadian mining company has reported a drop in fourth-quarter earnings as a result of lacklustre metal prices.Novicourt (NOV-T), which is 61% owned by Noranda (NOR-T), earned $1.1 million …
Antares set to follow up Toodoggone gold strike
Antares Mining & Exploration (ANZ-T) is set to begin a $1.5-million exploration program on its Toodoggone property, situated in north-central British Columbia, following the discovery of gold minerali…
Platinova, Lexam test targets in Greenland
Although Platinova (PAS-T) and Lexam Explorations (LEX-M) have intercepted a narrow kimberlite dyke on their jointly held West Greenland property, the partners have yet to encounter any potentially ec…
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Gold Reserve produces prefeasibility study at Las Brisas
A detailed prefeasibility study has branded the Brisas gold-copper project in southeastern Venezuela uneconomic, Gold Reserve (GLR-T) reports.Independent consulting firm JE MinCorp, a Denver-based div…
Aber and Diavik table plans for Lac de Gras diamond mine
Aber Resources (ABZ-T) and Diavik Diamond Mines, a division of Rio Tinto (RTP-N), unveiled a $875-million plan to build Canada’s second diamond mine.The mine site is situated 300 km northwest of Yello…
Anglogold weathers storm of low gold prices
The five gold-producing companies serviced by Anglogold, in aggregate, saw gains in both profit and gold production in the quarter ended Dec. 31, 1997.Anglogold is a division of South African-based mi…
Rio Tinto begins work in Peru
Preliminary exploration work has begun at the Minas Santa Rosa copper-porphyry property of MacMillan Gold (MMG-T) in Peru.Exploration is being conducted by the exploration arm of London-based Rio Tint…
Gitennes advances on Virgen project
Underground exploration work on the southern end of the Rio Suro oxide gold zone at the Virgen property in north-central Peru is helping Gitennes Exploration (GIT-T) get a better handle on an area of …