Portugal beckons joint venture
A newly formed joint venture will explore a Portuguese property underlain by the famous Iberian Pyrite Belt.The partners include Auspex Minerals (VSE), Cumberland Resources (VSE), International Vestor…
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Canmex plans drilling program for Mexican properties
With its initial public offering now complete, Canmex Minerals (VSE) will launch drill programs on its two main Mexican properties in the second quarter.The company issued 2 million shares at $1 each,…
Devil’s property tempts Petro Plus to drill
Drill results from the Devil’s property in Saskatchewan have prompted owner Petro Plus (ASE) to plan drilling for next summer.Results to date have shown consistent values over minable widths. The 1996…
Obituary — Peter Gledhill
Peter Alexander Gledhill, a Toronto-born geophysicist with the Botswana Geological Survey, has died. He was 36.Mr. Gledhill graduated from Queen’s University in 1983 with a B.Sc. in engineering physic…
Silver Standard Resources expands into Russia
The acquisition of a 35% interest in Geolog, a privately held joint stock company in Russia, will expand the silver assets of Silver Standard Resources (TSE).Geolog owns the Lunnoe and Arylach silver …
Aquaterre expands in Nevada
By acquiring three mineral leases, Aquaterre Mineral Development (VSE) has increased its holdings in Nevada to more than 6,500 acres.The company expanded its HCS gold project by gaining the exclusive …
Cambior to acquire half of Gross Rosebel
Cambior (TSE) intends to acquire the half interest that Denver-based Golden Star Resources (TSE) holds in the Gross Rosebel gold project in Suriname.Since signing the option agreement in June 1994, Ca…
Columbia Yukon to begin drilling in Labrador
With $5 million in preliminary exploration work completed, Columbia Yukon Resources (ASE) is eager to begin drilling on 12 claim blocks in the Nain-Okak Inlet area of Labrador.Three of the claim block…
Pangea funds Fenn-Gib study
A private share placement will leave Pangea Goldfields (TSE) with $1.4 million to perform a feasibility study on the Fenn-Gib gold project, east of Matheson, Ont.Prefeasibility work by Kilborn Enginee…
Guyanese commission recommends restart of Cambior’s Omai gold mine
The commission investigating the failure of the tailings dam at the Omai gold mine in Guyana has recommended that the Guyanese government allow the operation to re-open.Omai’s owners, Cambior (TSE) an…
X-Cal plans further work on Sleeper gold project
Drilling on the Sleeper Extension project in Nevada’s Humboldt Cty. has returned gold values for X-Cal Resources (TSE), and work is expected to continue.The 4,200-acre property adjoins Amax Gold’s Sle…
Tandem-NAR to expand program
At their Guibord Twp. property, 17 km east of Matheson, Ont., juniors Tandem Resources (ME) and NAR Resources (ME) are following up on mineralization intersected in drilling at the end of 1995.The com…