News

Gabon is best known for its petroleum, manganese and uranium resources, but it is the country’s gold deposits that have lured Golden Gram Resources (GRA-M).The Montreal-based junior will spend $3 mill…

Diamond sales from North American and African operations generated $8.1 million for Redaurum (RRK-T) in 1996, representing a 219% increase over 1995 revenue of $3.6 million.The Toronto-based company s…

Burnaby, B.C.-based Fancamp Resources (FNM-V) has added a sixth prospecting licence to its holdings in Botswana’s Kalahari Suture area.The 7,400-sq.-mile Okwa licence, which is near the Namibian borde…

Jeffrey Taylor appointed vice-president of corporate development.

An exploration program by Hyder Gold (HGI-V) will test the wholly owned Kampti permit in southwestern Burkina Faso.This year’s program will follow up encouraging results from a sampling program that t…

Stephen Kay appointed director.

Toronto-based IBI Corporation (IBIC-C) has signed an agreement to acquire a private Ontario company that holds 77% of a gold project in Ghana, West Africa.Based on the results of a feasibility study b…

ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…

Quebec-based Noveder (NED-M) has begun exploring in the vicinity of the Nugget Pond gold mine, near Baie Verte, Nfld.The junior sold its remaining 40% interest in Nugget Pond to Richmont Mines (RIC-T)…

International Tournigan (ITG-V) may be based in Vancouver, but the lion’s share of its operations are on the Dark Continent.Although the company holds properties in Papua New Guinea and Stewart, B.C.,…

“Better safe in Ghana than sorry anywhere else” could well be the motto of Birim Goldfields (BGI-T) in West Africa.The company has restricted its exploration efforts in that part of the world to two G…

More than a dozen companies have acquired prospecting licences in northern Ghana, testifying to the region’s mineral potential.Activity in the country’s northern, upper western and upper eastern regio…