Western Pacific eyes Chilean properties
Western Pacific Mining Exploration (WPC-M) has signed an agreement to earn interests in a small polymetallic producer and two former producers near Vallenar, in central Chile.The agreement, which is s…
News
GLOBAL SEARCH FOR DIAMONDS — Ashton, Pure Gold find more diamonds in Alberta
Operator Ashton Mining of Canada (ACA-T) and partner Pure Gold Resources (PUG-T) have received mixed results from drilling into kimberlite pipes at their Buffalo Hills project in north-central Alberta…
Armistice tests potential of Virginiatown bet
Armistice Resources (ACI-T) continues to explore the potential of its Virginiatown gold property in northeastern Ontario.Drilling this past summer was concentrated at or below the 2,250-ft.level, gene…
GLOBAL SEARCH FOR GOLD — Geomaque impressed by results from Honduran deposit
Infill drilling continues to return significant grades over substantial widths in the San Juan zone at the Vueltas del Rio gold deposit in northwestern Honduras.Geomaque Explorations (GEP-T) has now r…
GLOBAL SEARCH FOR DIAMONDS — Shore Gold reports Fort la Corne gem count Geophysical surveys planned for unexplored Saskatchewan land holdings
Saskatoon, Sask.-based Shore Gold (SGF-A) is encouraged by results received from the first phase of drilling at its diamond properties near Fort la Corne, Sask.Five drill holes were completed on four …
NEWS IN BRIEF (September 29, 1997)
BORON CHEMICALS INTERNATIONAL(BHI-V) has changed its name to Atacama Minerals (AAM-V).
GLOBAL SEARCH FOR GOLD — Rio Tinto’s gold output on the rise
With interests in several mines around the world, Rio Tinto (RTP-N) produced more than 1 million oz. gold during the first half of 1997, up 15% from the comparable period in 1996.The company says its …
GLOBAL SEARCH FOR GOLD — Golden Knight tests projects in West Africa
The gold potential of West Africa continues to lure Golden Knight Resources (GKR-T), a Vancouver-based company with interests in 14 projects in Ghana and Burkina Faso.The company released results from…
GLOBAL SEARCH FOR DIAMONDS — BHP tests Caledonia’s NWT project
Emerging diamond producer BHP Minerals is awaiting results from a till and esker sampling program carried out on ground held by Caledonia Mining (CAL-T), some 30 km from the Lac de Gras region of Cana…
GLOBAL SEARCH FOR GOLD — Abcourt plays waiting game in northwestern Quebec
Junior Abcourt Mines (ABI.B-M) is an example of a domestic mining company that is ready to bounce back into the production mode whenever gold or silver prices return to their former highs.The company’…
GLOBAL SEARCH FOR GOLD — Ashanti arranges funds for Bibiani mine
A US$60-million financing will provide funds for Ashanti Goldfields (AHD.U-T) to develop the Bibiani gold project in western Ghana.The open-pit mine is expected to produce 170,000 oz. gold per year at…
GLOBAL SEARCH FOR GOLD — Goldcorp bids for rest of Wilanour
Having previously failed to gain a stake in Wilanour Resources’ (WLR-T) holdings near Red Lake, Ont., Goldcorp (G.A-T) has launched a takeover bid for the junior company.Goldcorp has offered $1.40 for…