Diamond drilling has commenced on the Peruvian gold project known as Chama, in which Corriente Resources (CTQ-T) can acquire a 100% interest.Situated near Arequipa in the country’s south-central regio…
The Fort Knox mine in Alaska recently celebrated its first gold pour.Amax Gold (AU-N) reports that the 36,000-ton-per-day mill has been approaching capacity since production began, and the company exp…
Adrian Resources (ADL-T) has raised $1.7 million by selling 500,000 of its shares to senior partner Teck (TEK-T).The major has until Jan. 21, 1998, to complete a bankable feasibility study for Adrian’…
A drill program is attempting to increase the known resource of 2.9 million tonnes grading 1.33 grams gold per tonne at the Beta Vargas concession in Costa Rica.Lyon Lake Mines (LLL-M) has drilled the…
T. Spilsbury appointed director.
Val d’Or, Que.-based Procoloro Resources (PCH-M) has updated the resource estimates for its Yurani gold mine, in northwestern Colombia.Kilborn-SNC-Lavalin has calculated indicated and inferred resourc…
Junior General Minerals (GNM-T) has intercepted high-grade copper-gold values at the Pajaritos property in Chile.The company completed eight holes, all of which intercepted anomalous values. The high-…
Four holes drilled on the Victoria gold project in Peru have returned significant results for equal partners Pangea Goldfields (PGD-T) and Sundust Resources (SDST-C).The holes, which were drilled on t…
Calgary-based Hampton Court Resources (HCR-A) has applied for the right to explore three mineral concessions in southern Ecuador. The land package is reported to cover placer gold occurrences.
A recent private placement is expected to provide gross proceeds of $8.7 million for Corner Bay Minerals (BAY-T), a junior company actively exploring for copper and gold in Canada, the southwestern U….
Despite having brought Chile’s Refugio gold mine into production, Bema Gold (BGO-T) found itself in the red at the end of 1996.The company recorded a loss of US$2.7 million (or 5 cents per share), com…
Junior Sulliden Exploration (SUE-M) has kicked off the first phase of an exploration program on Las Huaquillas, a gold-silver property in northern Peru.Two drills are being employed to complete a 5-ho…
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