Partners firm up Crow-Rea play
The Crow-Rea molybdenum property in the Okanagan area of British Columbia is returning some high-grade numbers for partners Molycor Gold (MOR-V) and Verdstone Gold (VGC-V).Recent diamond drill results…
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STOCK MARKETS — Dog days come early to Toronto
The Toronto Stock Exchange finished the report period ended July 2 fractionally lower, following a week of light trading and sluggish price moves. The TSE 300 composite index was down 8.09 points to 5…
Virginia drills at Ungava Peninsula
Drilling is under way on the Kogaluk permit on Quebec’s Ungava Peninsula, reports Virginia Gold Mines (VIA-M).As part of a joint venture with Cominco (CLT-T) and Quebec Crown-owned Soquem, Virginia is…
USMX sells royalty in Montana Tunnels
In an effort to raise funds for its Illinois Creek gold project in Alaska, USMX (USM-T) will sell its royalty interest in another project.The company will sell its 5% royalty interest at the Montana T…
Cyprus and Amax sign Russian deal
Cyprus Amax Minerals (CYM-N) and Amax Gold (AU-N) have formed a joint venture with several Russian groups to develop the Vorontsovka gold deposit, on the eastern flank of the Ural Mountains.Cyprus and…
Uzbeks open door to investment
On a recent swing through Colorado, the president of Uzbekistan, Islom Karimov, announced that his country is soliciting bids for a group of properties in the Central Asian country. Up for bid are sev…
DIAMOND PAGE — Rex Diamonds reports earnings
The sale of diamonds from Rex Diamond Mining’s (REXD-C) South African operations generated revenue of US$16.8 million for the fiscal year ended March 31, 1996. Net earnings for the period amounted to …
Goldstake sampling gold prospect
Sampling is under way on its 278,500-hectare property in eastern Kalimantan, Indonesia, reports Goldstake Explorations (GXP-T).Goldstake established its initial targets based on downstream recoveries …
William to buy Brazilian producer
The impending acquisition of a Brazilian company will help establish William Resources (WIM-T) as an intermediate gold producer by 1998, the junior predicts.Having entered final negotiations to buy Ja…
Chance boosts Indonesian holdings
Indonesia’s mineral potential continues to attract Chance Mining & Exploration (CHMG-C), which has acquired the East Salopa gold property in western Java.The property lies in the Tasikmalaya gold dist…
Hemlo, Gowest begin drill program
Partners Gowest Amalgamated Resources (GWA-A) and Hemlo Gold Mines (HEM-T) have begun follow-up drilling on the Denton Twp. property, 40 km southwest of Timmins, Ont.The property, 3 km west of the rec…
Drilling confirms grades at Koktasjal
With the grades confirmed at the Koktasjal deposit, development is expected to proceed at Ursa Major International’s (URSA-C) copper-gold project in central Kazakhstan.During the 1960s, Soviet geologi…