Bolivar drills Tomi in Venezuela
Junior Bolivar Goldfields (VSE) has completed a second phase of reverse-circulation drilling on the Tomi concession in Venezuela’s Bolivar state. The 3,800-metre program identified two new mineralized…
News
Gibraltar to buy Chilean project
Toronto-listed Gibraltar Mines has opted to buy the Lomas Bayas copper property in Chile for US$14 million. The company will assume a royalty on copper production of US2 cents per lb., capped at US$3….
Rowland leaving Lonrho
One of London’s more controversial and colorful tycoons, Roland (Tiny) Rowland, will resign from the trading company Lonrho PLC, which he has run for three decades, Associated Press reports from the B…
Dynacor drilling Siscoe mine
An underground drilling program by Mines Dynacor (ME) will be aimed at uncovering new gold mineralization deep at the Siscoe mine property near Val d’Or, Que. The junior, which is planning a $300,000 …
Base metal discovery in Labrador
Vancouver-listed Diamond Fields Resources has discovered base metals mineralization containing nickel, copper and cobalt in southern Labrador. The nearest town is Happy Valley-Goose Bay. The mineraliz…
Huancaylla returns wide copper values
The first drill hole on the Huancaylla property in Peru has returned a 380.6-ft. intersection grading 1.13% copper, starting at surface. The hole was abandoned because of lost circulation at 380.6 ft….
Amarado to buy African company
A recent agreement sets the stage for Amarado Resources (VSE) to acquire a private South African company whose assets include diamond exploration projects in Botswana and South Africa. The private com…
NEWS ROUNDUP — Madsen buys Dona Lake mill
Junior Madsen Gold (TSE) intends to buy the facilities of the Dona Lake mine, near Pickle Lake, Ont. Madsen will pay $820,000 to Dona Lake Gold Mines for the plant, which includes the 500-ton-per-day …
Teck to fund Petaquilla study
Vancouver-based Teck (TSE) plans to fund a final feasibility study of the Petaquilla copper deposits in Panama, which were the subject of a preliminary study by Kilborn Engineering. A recent agreement…
Gossan drills iron-titanium play
Partners Gossan Resources (VSE) and the Cross Lake First Nations Band have arrived at a resource estimate based on drilling in the eastern portion of the Main Central zone at the Pipestone Lake projec…
Freewest to drill Verneuil gold play
Another phase of diamond drilling is set to begin on Golden Tag Resources’ (VSE) 44-claim Verneuil Twp. gold prospect in northwestern Quebec. The property, owned 60% by Golden Tag and 40% by Gold Hawk…
USMX drills Alaskan property
At the Illinois Creek property in Alaska’s interior, drilling by USMX (TSE) has confirmed the presence of the gold-silver resource previously calculated. The property, situated within 62,480 acres of …