News


Santa Fe builds on grassroots projects in Kazakhstan

The geologic potential of Kazakhstan has prompted Santa Fe Pacific Gold (GLD-N) to intensify efforts in the region, where it has been quietly proving up grassroots projects for the past two years.The …



Phelps Dodge finds copper system

Exploration by Phelps Dodge (PD-N) has uncovered a copper system at the Cerro Verde project in Mexico’s Sonora state.The major is earning a 60% interest in the project from Corner Bay Minerals (BAY-T)…


Regional OKs Imperial merger

Shareholders of Regional Resources (RGL-T) have approved the company’s proposed merger with Imperial Metals (IPM-T).Regional’s principal asset is the Midway project, an advanced-stage silver-lead-zinc…


Major General finds copper-zinc zone

Drilling by Major General Resources (MGJ-V) has intersected a base metal zone at the company’s property near Springdale, Nfld.The program tested an induced-polarization anomaly (which extends an addit…



Cathedral results show improvement

Figures for the first nine months of 1996 indicate an improved performance by Cathedral Gold (CAT-T).The junior earned $290,000 (or 2 cents per share) over the period, compared with a loss of $941,000…


Formation Capital gains foothold in central Mexico

Junior Formation Capital (FCO-T) has acquired the 12,000-ha Los Cocos gold property in central Mexico.The property, Formation’s first in that country, is in Guanajuato state, 160 km northwest of Mexic…



Barrick poised to pounce on Busang

Its shotgun wedding with Barrick Gold (ABX-T) having been arranged by the Indonesian government, Bre-X Minerals (BXM-T) has until Dec. 4 to find a husband Jakarta might prefer.The dowry in this case g…



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