A drill program by Pacific Amber Resources (PCR-V) is testing the Sapit-Setul area on the Putussibau property in West Kalimantan, Indonesia.The junior notes that this prospect is the most advanced of …
Diamond production is about to begin from five locations in Sierra Leone, reports AmCan Minerals (AMF-V).The junior intends to use a new, 8-ft dredge, with an onboard washing plant and gold sluice, on…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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