United Reef sells rough diamonds
A parcel of rough diamonds recovered from the Bamingui River property has netted gross proceeds of US$316,657, which equates to an average value of US$204.37 per carat.Owner United Reef (TSE) says the…
News
Tiomin Res. free to develop Cerro Colorado project
PanaCobre, the Panamanian unit of Tiomin Resources (ME), has received final approval from the Panamanian government to develop the Cerro Colorado porphyry copper deposit in western Panama.Tiomin expec…
QEX tests Calumet Island project
Drilling by QEX Resources (ME) has encountered gold-silver-zinc-lead mineralization at the former New Calumet mine, 100 km northwest of Hull, Que.Three vertical holes drilled into the footwall of the …
Juniors begin work program at Grandola property in Portugal
Exploration is under way on the Grandola licence in the Iberian pyrite belt of southern Portugal.Four joint-venture partners — Redfern Resources (TSE), Cumberland Resources (TSE), International Vesto…
Nelson mining gold along historic Silk Road
In former times, this enclave in Central Asia formed part of the famous Silk Road, a trade route that saw silk, jade and other treasures flow from the Orient to the financial capitals of Europe in ret…
Caledonia intersects mineralization at Kadola
Reverse-circulation drilling by Caledonia Mining (TSE) at its Kadola property, a 2,179-sq.-km exploration concession south of the Zambian copper belt, has encountered copper and gold mineralization.Ho…
Arequipa readies for Peruvian drilling
In preparation for drilling at the Pierina gold project in north-central Peru, Arequipa Resources (TSE) has completed the first 1.8 km of a 5-km access road.Meanwhile, underground sampling of a tunnel…
Ashton begins drilling at Cross
Ashton Mining of Canada (TSE) is proceeding with a drilling program on its Cross property, in the southwestern region of the Northwest Territories’ Slave province.Work carried out there in 1995 led to…
Viceroy, Baja and Loki plan a three-way merger
A proposed merger among three Toronto-listed juniors — Viceroy Resources, Loki Gold and Baja Gold — is expected to reverse the perception that Viceroy has limited production potential.The combined c…
Inco takes spotlight, Falco waits in wings
In recent weeks, shareholders of Diamond Fields Resources (TSE) have been busy weighing various offers put on the table by two of the Western World’s largest nickel producers, Inco (TSE) and Falconbri…
Diavik bulk sample reflects past results
Initial processing of an underground bulk sample from the A-154 South pipe at the Diavik diamond project in the Northwest Territories is returning grades comparable to an earlier mini-bulk drill sampl…
Correction (April 08, 1996)
Alberta-listed Gowest Amalgamated Resources has received a letter of intent from Placer Dome (TSE) for an option agreement on the former’s McAlpine Lake property, west of Placer Dome’s Detour Lake min…