McArthur River project shapes up for Cameco
An environmental review panel has recommended that Cameco (CCO-T) be permitted to develop the McArthur River deposit in Saskatchewan.The project, 620 km north of Saskatoon, is the largest, high-grade …
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EXPLORATION 1997 — Nebex drills Walsh Lake property
A drill program by Nebex Resources (NBX-T) will test for extensions of known gold mineralization at the Walsh Lake property near Yellowknife, N.W.T.The company has a 75% interest in the property, whic…
EXPLORATION 1997 — Gen. Minerals hits high grade in Chile
General Minerals (GNM-T) has intersected high-grade, secondary-enrichment copper mineralization over significant widths at its Vizcachitas property in central Chile.Hole 16 returned (from 96.68 to 148…
Golden Eagle comes under SEC scrutiny
Late last year, Golden Eagle International (MINE-Q Bulletin Board) reported that it was being investigated by the U.S. Securities and Exchange Commission (SEC).The company says the investigation was f…
Manhattan targets Candamena property for bulk-tonnage potential
With two drills on site, Manhattan Minerals (MAN-T) is attempting to prove up its Candamena gold-silver project in Mexico’s Chihuahua state.The property lies 25 km southeast of Manhattan’s Moris mine,…
EXPLORATION 1997 — Quincunx poised for action in Mongolia
A small Canadian company with two 4,000-sq.-km exploration licences in Mongolia is quietly establishing itself in that country.Toronto-based Quincunx Gold Exploration, a private company with $3 millio…
Prospectors Alliance finds new zone at Alder Pond
Stepout drilling by partners Prospectors Alliance (PALL-C) and International Larder Minerals (LRDR-C) at the Alder Pond base metal property in Maine has identified additional mineralization.Hole 120 r…
Vauquelin reports second-half loss
Montreal-based junior Vauquelin Mines (VAQ.A-M) has reported a net loss of $26,000 (or nil per share) for the 6-month period ended Dec. 31, 1996, compared with a net income of $1.1 million (12 cents p…
Winter drilling program uncovers kimberlites at Buffalo Hills in Alberta
Drilling by partners Ashton Mining of Canada (ACA-T) and Pure Gold Resources (PUG-T) in the Buffalo Hills area of Alberta has identified four kimberlites, bringing to 11 the number discovered to date….
EXPLORATION 1997 — Canyon drills gold targets at Megado Serdo property
A drill program by Canyon Resources (CAU-X) will test several gold targets at the Megado Serdo property in southern Ethiopia. At the same time, the Denver-based company plans to test two other Ethiopi…
Newmex to explore Mexican properties
With cash in hand from a large financing, Newmex Mining (MEX-T) will set about exploring its two Mexican gold properties.Created in February by Great Lakes Minerals (GLK-T), Newmex is a wholly owned s…
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 …