Banro boosts resources
Banro Resource (BNRS-C) has revised its resource estimates for the Twangiza and Namoya gold deposits in the Democratic Republic of Congo’s Kivu province.At Twangiza, the updated resource stands at 104…
News
Index (February 09, 1998)
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NEWS IN BRIEF (February 09, 1998)
Continental Pacific Resources (CXF-V) has changed its name to Northern Continental Resources (NCR-V) on a 1-new-for-8-old-share basis.
Blue Emerald drills gold prospect
Drilling by Blue Emerald Resources (BER-V) is testing the Las Flores zone and other gold targets at the Quebrada de Oro project in northwestern Nicaragua.Las Flores, a stratabound zone, has been trace…
Sampling continues at Edwards
The Edwards gold mine produced 30,412 oz. gold and 3,678 oz. silver in its first year of commercial production, reports 100%-owner VenCan Gold (VCG-M).Situated near Wawa in northwestern Ontario, the m…
Drill results add sparkle to Joya del Sol
Results from the first round of drilling are adding sparkle to the Joya del Sol (Jewel of the Sun) gold-silver project in southern Argentina.Sunshine Mining & Refining (SSC-N) has completed 41 shallow…
Cobre accepts Phelps Dodge takeover bid
With the price of copper falling and no other suitor coming forward, the management of Cobre Mining (CBU-T) has decided to submit to a takeover attempt by Phelps Dodge (PD-N).Cobre’s directors are rec…
Falco profits drop
With decreased base-metal prices and problems at the Sudbury and Kidd Creek divisions, Falconbridge (FL-T) saw its earnings drop during its fiscal 1997 and its fourth quarter.The company’s consolidate…
Correction (February 09, 1998)
Previous owners of the Wenatchee gold project in Washington state spent $10 million exploring the Compton, Wenatchee Heights and Matthews properties. In our issue of Feb. 2-8, we incorrectly attribute…
Ourominas options properties
Junior Ourominas Minerals (OMI-T) has entered into option agreements on two properties in the Peixoto de Azevedo area of Brazil’s Mato Grosso state.The company has 90 days in which to review the geolo…
PEOPLE — ACE DEVELOPMENTS (February 09, 1998)
Norman Bracht appointed director. John Miller appointed senior advisor to the board.
Samax hits new gold vein in Ghana
Samax Gold (SMX-T) has identified a gold-bearing vein system on its 65%-owned Nkroful property in Ghana, West Africa.Drilling along a 300-metre-long portion of the Bokrobo vein system, called the Main…