Cumberland kicks off Meadowbank play
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…
News
Golden Hemlock Resources pursues Sierra Madre treasure
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,…
LATIN AMERICA — Crystallex aims to expand Venezuelan mining and exploration activities
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…
LATIN AMERICA — Corriente drills for gold in southern Peru — Company says results indicate bulk-tonnage potential at Chama
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…
Fort Knox reaches commercial production
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…
LATIN AMERICA — Teck buys Adrian shares
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’…
LATIN AMERICA — Lyon Lake drills to boost Beta Vargas — 5,000-metre program under way at Costa Rican project
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…
PEOPLE — AKASH VENTURES
T. Spilsbury appointed director.
LATIN AMERICA — Procoloro updates Yurani resources
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…
LATIN AMERICA — Gen. Minerals hits high-grade skarn
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-…
LATIN AMERICA — New drill results add lustre to Victoria project in Peru
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…
LATIN AMERICA — NEWS IN BRIEF
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.