Prime Equities gains Chilean project
A gold prospect in Chile’s Maricunga district has caught the eye of Prime Equities International (PQE-V), a junior company founded by Murray Pezim and now headed by his son, Michael.The company holds …
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Eden Roc drills oxide zone in Africa
Toronto-based Eden Roc Mineral (EDN-T) has found gold mineralization in a trenched and drilled oxide zone in Ivory Coast. The permit is held by Somiaf, which, in turn, is owned 68% by operator Eden Ro…
EXPLORATION 1997 — Hot prospects draw diamond juniors to Namibia
It has long been known that many diamonds from the kimberlites of the Orange River watershed in southern Africa washed into the Atlantic Ocean and were pushed northward by the prevailing currents. De …
EXPLORATION 1997 — Trio eyes African gold concessions
By mid-April of this year, Trio Gold (TGK-A) hopes to complete a due diligence review of its proposed acquisition of Sedcore Exploration, a private company incorporated in Ghana, West Africa.The acqui…
PRODUCER PRICES (March 10, 1997)
ALUMINIUM: LME settlements US$1,667 per tonne, alloy $1,540 per tonne (Mar. 4/97).ANTIMONY: Composite free market, US$2,300 per tonne (Mar. 4/97).BISMUTH: Composite free market US$3.00 per lb. (Mar. 4…
Escondida oxide copper project gets nod
A solvent extraction-electrowinning project is expected to enhance the overall economics of the Escondida copper mine in northern Chile, reports operator BHP.The Australian mining giant has a 57.5% in…
Vengold offering
A 12-million-share public offering has raised $24.6 million for Vengold (VEN-T).Proceeds of the offering, priced at $2.05 per share, will be used partly to acquire new mineral assets.The Vancouver-bas…
EXPLORATION 1997 — Santa Fe casts net in Central Asia
Shallow oxide gold deposits amenable to heap leaching will be the primary target of an exploration program to be carried out by Santa Fe Pacific Gold (GLD-N) in Central Asia.The company says one of it…
EXPLORATION 1997 — Royal Standard drills property near Bousquet mine in Quebec
A drill program by Royal Standard Minerals (RSM-M) will test a gold prospect adjacent to Barrick Gold’s Bousquet gold mine in Quebec’s Abitibi greenstone belt.The junior company holds an option to ear…
EXPLORATION 1997 — Juniors hit gold in Burkina Faso
Partners Orezone Resources (ORZ-M) and Geomaque Explorations (GEO-T) have made a gold discovery while drilling their Intiedougou property in southwestern Burkina Faso.The property covers 500 sq. km an…
EXPLORATION 1997 — Mindoro outlines gold anomalies in Indonesia
Edmonton, Alta.-based Mindoro Resources (MIO-A) has received some encouraging results from soil geochemistry surveys on its gold targets in Kalimantan, Indonesia.At Gunung Kelayu, one of three contrac…
AfriOre encouraged by results of due diligence of Boko Songho
Encouraged by initial results from a due diligence review, AfriOre (AFO-V) is proceeding with the acquisition of the Boko Songho copper project in the southern Congo.To acquire this prospecting permit…