New Island uncovers new zone
Reconnaissance work by New Island Minerals (NLM-A) on its wholly owned Robinson River property in western Newfoundland has identified a new gold and copper zone.The structure, which measures 4 km long…
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Alaskan gold district attracts interest of Homestake
The Fairbanks gold district of Alaska has caught the attention of U.S.-based Homestake Mining (HM-N).The major has entered into an agreement to acquire a 100% interest in the Whiskey Gulch and Marshal…
EXPLORATION ROUNDUP — Ashanti steps up efforts in Africa
Shallow drilling by Ashanti Goldfields (ASL-N) has expanded the Geita gold property in Tanzania.The property contains a known resource of 11.9 million tonnes grading 3.44 grams gold per tonne, equival…
EXPLORATION ROUNDUP — AMT boosts inventory at North Copper Creek
Toronto-based AMT International Mining (AAI-T) has expanded its copper inventory in southern Arizona.Reserves and resources rose to 3 billion lb. copper from 2 billion lb., following drilling at the C…
EXPLORATION ROUNDUP — Cyprus options copper property
American copper giant Cyprus Amax Minerals (CYM-N) has optioned the Chimborazo property in Chile to Inmet Mining (IMN-T) and Agate Bay Resources (ABE-V).The option agreement permits Inmet and Agate Ba…
EXPLORATION ROUNDUP — Prism acquires Nevada project
A drill program will be carried out on Prism Resources’ (PRN-V) newly optioned gold property in Nevada’s Battle Mountain trend.The land package consists of 13 unpatented claims, about 22 miles southea…
EXPLORATION ROUNDUP — Espalau options Latin prospects
Quebec-based Espalau Mining (EPU-M) has acquired options on two gold properties in Ecuador, and a third in Chile.In Ecuador, Espalau has the option of earning a half interest in two producing concessi…
EXPLORATION ROUNDUP — Drilling program confirms high-grade gold for Mirage
Four holes drilled at Mirage Resources’ (MGP-T) Dorado gold project in El Salvador have returned high-grade gold and silver values.Each of the holes intersected the Minita vein at depths below 185 met…
EXPLORATION ROUNDUP — Rex Diamond sells “Earth Fire”
A 20.2-carat, blue-white gem, unearthed from Rex Diamond Mining’s (RXD-T) Bellsbank mine in South Africa, has been sold for US$605,000 (or US$30,000 per carat) to a Taiwanese diamond dealer.The finish…
EXPLORATION ROUNDUP — Oxford Resources starts work programs at several gold properties in West Africa
Political stability, friendly mining laws and virgin territory are the qualities that have attracted Oxford Resources to certain West African countries.The privately owned, Quebec-based junior holds e…
EXPLORATION ROUNDUP — Exploration program starts at Fredag
Joint-venture partners Golden Rule Resources (GNU-T) and Hixon Gold Resources (HXG-T) have started a reconaissance exploration program at their newly acquired property in the Asankrangwa gold belt of …
Soledad Mountain deemed feasible
VANCOUVERA bankable feasibility study concludes that the Soledad Mountain project in Mojave, Calif., can be financed at current gold and silver prices.The study, conducted for Golden Queen Mining (GQM…