Correction (October 28, 1996)
A report on staking activity near the Sept-Iles region of Quebec (T.N.M., Oct. 21/96) included incorrect information relating to claims acquired in the region by Golden Tag Resources (GOG-V). The samp…
News
MEXICO AND CENTRAL AMERICA — Salvadoran peace lures Mirage Resource and other juniors
With several years of peace under its belt and friendlier mining regulations now in place, El Salvador has become an attractive destination for juniors such as Mirage Resource (MGP-T).The company has …
MEXICO AND CENTRAL AMERICA — Visionary explores prospects in Chihuahua
Through an agreement with the Phelps MacKenzie syndicate, Visionary Mining (VIN-V) has tied up a land package in Mexico’s Chihuahua state believed prospective for gold-silver-copper targets.Using data…
MEXICO AND CENTRAL AMERICA — Lyon Lake looks to Costa Rica’s mineral potential
With the haulage road to its Beta Vargas mine nearly finished, Lyon Lake Mines (LLL-M) is now looking past that project to some promising exploration ventures in Costa Rica.Construction of the Beta Va…
MEXICO AND CENTRAL AMERICA — Santa Catalina explores Pilar project
A second-phase drill program is planned by Santa Catalina Mining ((SLM-V) for its Pilar gold project, 145 km southeast of Hermosillo in Mexico’s Sonora state.Through a 3-year purchase option, the juni…
MEXICO AND CENTRAL AMERICA — Britannia options Mexican concessions
A Mexican unit of Britannia Gold (BGP-V) has an option to acquire two concessions in Oaxaca state.To do so, the company must pay a Mexican national US$200,000 in staged payments. The deal is subject t…
Yamana hooks new partner for Santa Cruz
Spokane-based Yamana Resources (YRI-T) has found a new partner to explore its Vanguardia project in the Argentine province of Santa Cruz.Picking up where Noranda left off, Rio Algom (ROM-T) has agreed…
Archon puts freeze on N.W.T. drilling
Freezing conditions have forced Archon Minerals (ACS-V) to suspend a 4-hole drill program in the Northwest Territories.The program was designed to test four distinct geophysical targets. The first tar…
LME WAREHOUSE LEVELS (October 28, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.14/96 (change from previous week in brackets):Copper159,350(-32,200)Tin10,015(+25)Lead116,550(+450)Zinc547,100(-2,525)A…
MEXICO AND CENTRAL AMERICA — Lundin takes helm of Canmex Minerals
A substantial drill program is under way at the Boleo concessions of Canmex Minerals (CMX-V) in Baja California Sur, Mexico.The junior company holds 385 sq. km of land in the region, adjacent to a cop…
MEXICO AND CENTRAL AMERICA — Independence Res. explores in Panama
A drill program is being planned by Independence Resources (IDN-V) for its Chami prospect in Panama.The Vancouver-based junior discovered a strongly fractured porphyry intrusive on the margin of its c…
MEXICO AND CENTRAL AMERICA — NEWS ROUNDUP — Hecla firms up Pinos project
A 20-to-25-hole drill program is being carried out this fall by Hecla Mining (HL-N) at the Pinos gold project in Zacatecas state, Mexico.The company can earn a 100% interest in the project by spending…