IMA and Oro Belle fast-track program
Two Vancouver-based juniors are stepping up exploration work at three gold properties in northwestern Argentina.Partners IMA Resource (IRU-V) and Oro Belle Resources (ORS-V) each own half of Minas Arg…
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Conquistador to buy into Marmato
A subsidiary of Conquistador Mines (CQL-V) will acquire a 50.1% interest in the Colombian company that owns the Marmato gold property.The subsidiary, Corona Goldfields, of which Conquistador owns half…
Newfoundland branch of CIM sets annual general meeting for November
The Newfoundland branch of the Canadian Institute of Mining, Metallurgy & Petroleum (CIM) will host its annual meeting from Nov. 7 to 9 at the Delta Hotel in St. John’s.Entitled “Mineral Development i…
THE DIAMOND PAGE — DiamondWorks gears up for international diamond search
Shareholders of Carson Gold (CQJ-V) have unanimously approved the acquisitions of diamond projects in Africa and China. Appropriately, the company will henceforth be known as DiamondWorks.”We are seei…
THE DIAMOND PAGE — Verena hunts for Brazilian gems
Verena Minerals (VMCO-T) has begun exploring for diamonds and gold on its Porto Nacional properties in Brazil.The program is being conducted by RTZ-CRA (NYSE) as part of a joint-venture agreement betw…
MOST ACTIVE ISSUES (October 28, 1996)
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MEXICO AND CENTRAL AMERICA — Teck drill-tests Lachatao property
Reverse-circulation drilling is about to begin on the Lachatao gold property, a joint venture of the Mexican subsidiaries of International Northair Mines (INM-T) and Teck (TEK-T).Situated some 35 mile…
MEXICO AND CENTRAL AMERICA — Morgain Minerals exploring Sonora land package for gold
Through wholly owned Mexican subsidiaries, Morgain Minerals (MOG-V) is exploring its Compa project in the Sahuaripa area of Mexico’s Sonora state.The project is part of a 40,000-ha land package acquir…
Fairstar plans drilling program in Ghana
Diamond drilling is scheduled to begin on Fairstar Explorations’ (FFR-M) 150-sq.-km Benso concession in Ghana, West Africa.The company will focus on three prospects — Amantin, Subriso and Chichiwelli…
GREATEST VALUE TRADED (October 28, 1996)
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STOCK MARKETS — Resource stocks slip-sliding away
The Vancouver Stock Exchange composite index continued its slide during the week of Oct. 16-22, falling 46.14 points to close at 1,109.97. The resource index lost 88.75 points to finish at 2,146.Borne…
Rex sets up exploration arm
A newly established exploration arm of Rex Diamond Mining (RXD-T) will send a team to Sierra Leone to investigate the company’s kimberlite and alluvial prospects.Rex Exploration Division, supported by…