Guyana Gold aims to expand Sabi
Production from the Sabi gold mine in Zimbabwe is being expanded.Since it acquired a 55% interest in the mine 10 months ago, Guyana Gold (TSE) has extracted 10,071 oz. from the mine at a cash cost of …
News
Inco bid was rejected by Diamond Fields
At a recent press conference, Robert Friedland, co-chairman of Diamond Fields Resources (TSE), confirmed that his board shot down a proposal from Inco (TSE) that would have seen the nickel giant incre…
Biggest-ever PDAC an international hit
With 4,700 people in attendance, the 64th annual convention of the Prospectors & Developers Association of Canada turned out to be the biggest ever, shattering records set during the 1980s.”We could s…
American Res. starts work program at gold properties in northern Uruguay
With four core drills turning at the San Gregorio gold property in Uruguay, American Resource (NASDAQ) is set to evaluate its other mineral holdings in the area.The company intends to spend US$1.8 mil…
Sharpe gains Labrador claims
CDN-listed Sharpe Energy & Resources has acquired a 35% interest in 400 claims in southern Labrador.The claims, which cover the 100-km-long Kyfanan Lake intrusion, are jointly held by Peruvian Gold (V…
THE DIAMOND PAGE — Verkhotina drilling returns diamonds
Initial processing of the discovery hole from Pipe 441 at the Verkhotina project in northwestern Russia is returning diamonds for Archangel Diamond (VSE).The hole intersected kimberlite from a depth o…
Pangea picks up Malian licence area
Having optioned its Tanzanian projects to several major mining houses, Pangea Goldfields (TSE) is acquiring interests elsewhere in Africa.The company has acquired 20 prospecting licences in Uganda. Th…
Placer Dome options Sterling
The U.S. subsidiary of Placer Dome (TSE) has signed a property agreement with Cathedral Gold (TSE) and Imperial Metals (TSE), owners of 90% and 10%, respectively, of the Sterling mine in Nevada.The ag…
H-L Corp. gains stake in claims near Voisey’s Bay
CDN-listed H-L Corp. has acquired a 20% interest in a group of claim blocks near Voisey’s Bay, Nfld.The claim blocks, which are 95 km northeast of the Voisey’s Bay nickel-copper-cobalt discovery, comb…
Northfield pulls copper-gold in Ecuador
Testing the strike extension of the orebody at the Mercedes mine in Ecuador, Northfield Minerals (TSE) has intersected 37 metres of copper-gold mineralization.Northfield and its Ecuadorean joint-ventu…
Juniors continue exploration in Ontario’s Matheson region
Exploration continues along the eastern extension of the Destor-Porcupine fault zone. Teddy Bear Valley Mines (TSE) has taken an option on a property on the boundary between Cook and Guibord twps., 20…
Solitario exploration turns up mixed results
Exploration work has enabled Solitario Resources (TSE) to increase the size of its Bongara zinc deposit in northern Peru.The open-pit prospect is estimated to contain 1.9 million tonnes of oxide mater…