With gold prices on a run towards the US$400 mark, western markets surged ahead over the report period ended Jan. 9. The resource index advanced 43.66 points to close at 1,335.71, while the composite …
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…
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,…
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…
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…
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 …
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 (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…
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…
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…
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…
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…
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