East Africa drilling in Tanzania
Partial assay results received from a shallow drill program on East Africa Gold’s (VSE) Nyakafuru property in Tanzania have confirmed the presence of significant gold mineralization. The 63-hole, 906-…
News
Adex to fund work at Mt. Pleasant mine
Under a credit-option agreement, Adex Mining (TSE) will fund a $525,000 program of exploration and metallurgical research on Piskahegan Resources’ Mt. Pleasant mine in New Brunswick. The program, to b…
Centurion drilling Utah copper play
Reverse-circulation drilling, under way on the OK minesite near Milford, Utah, indicates that potential exists for a significant oxide copper deposit. Centurion Mines (NASDAQ) has drilled 24 holes to …
IGR active in Burkina Faso
Steps have been taken by Toronto-listed International Gold Resources (IGR) to increase its land position and exploration activities in Burkina Faso, West Africa. IGR has signed an option agreement wit…
Treminco drilling in western Mexico
Assay results from trenches have confirmed the presence of copper oxide mineralization on Treminco Resources’ (VSE) El Magistral property in Mexico’s Sinaloa state. The results include 0.23% copper ac…
Sudbury Contact Mines going underground at Victoria Creek
Having drilled 52 holes totalling 85,000 ft., Sudbury Contact Mines (TSE) will carry out more surface drilling and then begin underground exploration on its Victoria Creek gold deposit near Kirkland L…
Lithos tests Wrightbar mine
Sampling of an exploration drift directed to zone B on the 350-ft. level of the Wrightbar gold mine workings near Val d’Or, Que., has returned encouraging values, Lithos (ME) reports. The old mine, cl…
DIAMOND NEWS ROUNDUP — Aber announces further results from
Diamond explorer Aber Resources (TSE) has released final results from two small-diameter holes drilled last fall on its Diavik project in the Northwest Territories. A total of 349.5 kg of kimberlite w…
STOCK MARKETS — Sliding indexes add to ongoing VSE slump
The Vancouver Stock Exchange indexes continued on a downward slide over the report period ended Jan. 17. The composite index dropped 13.68 points to close at 742.52 while the resource index fell 33.31…
Platinova gets moly play
Following recent price increases in the molybdenum market, Platinova A/S (TSE) has acquired the Malmbjerg deposit in Greenland. The deposit is 20 km from deep tidewater on the east coast at 72 north l…
Juniors swarm near Murgor
Geophysical work — including magnetic, induced-polarization and very-low-frequency surveys — is being carried out by Murgor Resources (VSE) on its 14-claim property near Lebel-sur-Quevillon, Que. Pr…
PEOPLE — CADRE
Page Chilcott and Stanley Sandner appointed directors.