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…
News
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…
Clone drilling now under way
Partners Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) have begun a 5,000-metre diamond drilling program at their Clone property in northwestern British Columbia.The program will test high-…
FMC Gold to break away from parent
FMC Gold (FGL-N) has been examining ways to separate itself from its parent company FMC Corp.FMC Gold’s board of directors approved a plan for re-incorporation, which would include a merger with an ex…
NWT diamond project gets nod from panel
Full approval for the NWT Diamonds project in the Lac de Gras area of the Northwest Territories is at hand for BHP Minerals and Dia Met Minerals (DMM-T).The Environmental Assessment Review Panel deter…
Southwestern, Teck sign Peruvian joint-venture deal
A joint-venture agreement covering 54 exploration concessions in the Rosario-Pichicane mineral belt in southern Peru has been signed by Southwestern Gold (SWG-T), Teck (TEK-T) and Cedimin.Southwest an…
Laguna Gold gains Rio Chiquito
Laguna Gold, a wholly owned subsidiary of Mallon Resources (MLRC-Q), has raised to 100% its interest in the Rio Chiquito gold property in north-central Costa Rica.The acquisition is the result of a me…