Partners expand Wolverine
The geological resource of the Wolverine deposit is now estimated at just over 5.3 million tonnes grading 1.81 grams gold and 359.1 grams silver per tonne, plus 12.96% zinc, 1.41% copper and 1.53% lea…
News
EXPLORATION ROUNDUP — Fipke determined to climb every mountain
The man who sparked the great diamond rush in Canada’s Northwest Territories is too busy with new projects to spend much time celebrating government approval of this country’s first diamond mine.When …
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 …
MOST ACTIVE ISSUES, Nov. 20-26
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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…
EXPLORATION ROUNDUP — Hixon, Golden Rule investigate Stenpad
Trenching on the Stenpad concession in the Asankrangwa district of western Ghana continues to uncover encouraging gold grades.Hixon Gold Resources (HXG-V) is exploring the 6,938-ha concession, with jo…
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…
EXPLORATION ROUNDUP — Sahelian adds to African holdings
The mineral potential of Mali has caught the attention of Sahelian Goldfields (SHGI-C), which has acquired rights to earn a 75% interest in a 200-sq.-km concession in the Kangaba district.The junior h…
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…