DIAMOND PAGE — SouthernEra recovers diamonds
High-value diamonds are flowing from the Luo fluvial diamond operation, reports SouthernEra Resources (SUF-T).SouthernEra receives 10% of the net profit from the Angolan operation, and 35% of the prof…
News
LATIN AMERICA — First Point options property in Honduras
Vancouver-based First Point Minerals (FPX-A) is preparing to explore the recently acquired Cedros silver-lead-zinc property near Tegucigalpa, Honduras.The junior can earn a 100% interest in the 59-sq….
LATIN AMERICA — Wheaton buys Bellavista gold project
The Bellavista gold project in Costa Rica has been acquired by Wheaton River Minerals (WRM-T), which now plans to complete a bankable feasibility study by late 1998.Past operators have spent US$15 mil…
LATIN AMERICA — Treminco explores in Domincan
Vancouver-based Treminco Resources (TMO-T) is exploring a newly expanded land package in the Dominican Republic.The junior plans to spend $250,000 in the first-year work program, which will cover eigh…
LATIN AMERICA — Yamana active in Argentina, Paraguay
American-based Yamana Resources (YRI-T) has completed a 10-hole drilling program on the Martinetas gold property in the southern Argentine province of Santa Cruz.The 978-metre program tested a large e…
SPOT PRICES (October 20, 1997)
Wednesday, October 15, 1997Price (US)Week’s ChangeGold*$325.60- $6.30Silver*$ 4.99…
Nar funds Zimbabwe project
A recent financing has provided funds for Nar Resources (NRL-M) to explore ground in greenstone belts in Zimbabwe.The exploration venture is a partnership with nickel giant Falconbridge (FL-T). The co…
East West to fund work near Timmins
East West Resource (EWR-W) has announced a private placement, arranged through Dominick and Dominick Securities, of up to 1 million special warrants at $1.20 each. Aggregate proceeds will total $1.2 m…
Asia Pacific updates study
Management of Asia Pacific Resources (APQ-V) is reviewing a feasibility study for the Udon Thani potash project in Thailand.The company says it is reviewing various elements of the report.Information …
Blue Emerald works gold target
A work program by Blue Emerald Resources (BER-V) has outlined two new areas of gold mineralization on the Quebrada De Oro project in Nicaragua.A trenching and detailed soil sampling program is under w…
Trillion acquires bigger stake in Zimbabwean gold mine
Kanata, Ont.-based Trillion Resources (TLG-T) has purchased the remaining interest in the Indarama gold mine in Zimbabwe it did not already own.In November 1996, Trillion acquired a 20% interest in th…
Resolute, Samax find more gold in Tanzania
Samax Gold (SMX-T) and its Australian partner, Resolute Samantha, have discovered more gold beneath their proposed Golden Pride mine in the Lake Victoria Goldfields region of Tanzania.Drilling beneath…