Gitennes finds new gold zone at Virgen
Drilling by Gitennes Exploration (GIT-A) has identified a new zone of mineralization at its Virgen gold property in north-central Peru.Hole 97-24 intersected four separate gold-bearing zones while tes…
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LITERATURE REVIEW — Philex picks up more Philippine ground
Philex Gold (PGI-T) has acquired, through a royalty agreement, a gold property in the historic Bicol gold district of Luzon Island, Philippines.The Balce property consists of 42 claims acquired from l…
Robex turns drills in western Mali
Drilling is under way at the Baroya property in western Mali.Operator Robex Resources (RBX-M) will drill-test several geochemical and geophysical targets, which occur along two linear features: a sout…
STOCK MARKETS — Composite index remains flat on western markets — Hixon takes plunge as trading resumes; Kalahari rises
The Vancouver Stock Exchange composite index remained flat over the report period ended Aug. 19, closing at 833.59, down 0.71 point. The mining index was off 3.89 points, or 0.5%, at 750.04.The combin…
LITERATURE REVIEW — Campbell Resources toughs out disappointing quarter
Campbell Resources (CCH-T) reported a loss of $1.8 million (or 1 cents per share) for the three months ended June 30, compared with income of $3.2 million (2 cents per share) in the same period a year…
LITERATURE REVIEW — Storimin seeks Nevada drill permit
Permits are being sought for a 6-hole, 3,000-ft. drill program on the Mountain Boy gold property of Storimin Resources (SMRL-L) in central Nevada.The permitting follows receipt of chip-sampling result…
PEOPLE — CHINA CLIPPER GOLD
Kevin Wright appointed vice-president and chief financial officer.
DIAMOND PAGE — Golconda unlucky in Idaho
No diamonds were recovered in a 15-ton mini-bulk drill sample of lamproitic tuff from Golconda Resources’ (GA-A) Thorn Creek diamond project in Idaho.Previous sampling had determined the presence of i…
LITERATURE REVIEW — NEWS ROUNDUP — Mount Pleasant to slim down
Adex Mining (AMG-T) has announced it has trimmed the budget for its Mount Pleasant polymetallic mine in New Brunswick by more than $30 million.A draft feasibility study released in March 1997 estimate…
LITERATURE REVIEW — NEWS ROUNDUP — Black Pearl expands near Timmins
Black Pearl Minerals (BLKP-C) has struck a deal with Pentland Firth Ventures (pfo-t) to acquire a half interest in three claim blocks in Tully Twp., near Timmins, Ont.For its interest, Black Pearl, ov…
LITERATURE REVIEW — Nebex explores for gold in Italy
Italy is known for its pasta and ancient ruins, but at least one junior company believes the country also may be prospective for “Carlin-type” epithermal gold deposits.Nebex Resources (NBX-A) is earni…
STOCK MARKETS — TSE lives through another selloff — Metals and golds keep sinking as
broad market recoversLike its counterparts around the world, the Toronto Stock Exchange was hit by a correction on Aug. 15. But the TSE 300 composite index rallied on Aug.19 to recover most of the los…