A $5-million private placement will provide funds for Valdez Gold (VAZ-A) to explore various properties in Mexico, including the Altar Trend project in northwestern Sonora state.This project is immedi…
In the Finlayson Lake area of the Yukon, Consolidated Shoshoni Gold (CHJ-V) has acquired two new claim blocks.The AU claims adjoin to the east the Ice property of Expatriate Resources (EXR-V), where a…
Trenching and drilling by Savanna Resources (SV-A) are scheduled to start this month at newly acquired claims in eastern Suriname.The company recently acquired exploration rights covering 130,000 ha i…
Vancouver-based Placer Dome (PDG-T) has backed out of a deal with Gowest Amalgamated Resources (GWA-A) to acquire a stake in the McAlpine Lake gold property in northeastern Ontario.The property lies o…
Richmond, B.C.-based Cumberland Resources (CBD-T) has approved the first phase of a $2.8-million exploration program on its 60%-owned Meadowbank gold project in the Northwest Territories.Work at the p…
Poor ground conditions at the San Jose de Gracia gold project in western Mexico have forced Golden Hemlock Resources (GHE-V) to fall back on bulldozer trenching.The property, which comprises 3,500 ha,…
Kilometre 88, venezuela — The exploration boom that took place in this gold camp a few years ago has cooled down, leaving only a handful of juniors exploring and developing projects near the huge Las…
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.
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