Silver Standard raises funds
Silver Standard Resources (SSO-V) has arranged a $3.35-million private placement consisting of 610,000 special warrants at $5.50 each. Each special warrant is exchangeable, without further payment, in…
Advanced Projects Ltd
AFRICA — Top ten exploration spenders continue to invest in Africa
African projects were not ignored by the ten largest spenders of exploration dollars in 1997.A study by Metals Economic Group shows that 10 companies — BHP Minerals, Rio Tinto, Placer Dome (PDG-T), N…
AFRICA — Global still finding plenty of diamonds in South Africa
San Diego-based Global Diamond Resources (GDRS-O) is forging ahead with two advanced-stage projects and a bulk sample program at its diamond properties in South Africa.Of the three properties, the mos…
Not a banner year for foreign exploration
Sobs clearly outnumbered shouts of “Eureka!” by a wide margin in 1997, a year in which some fine foreign exploration results were overshadowed by salted samples and depressed metal prices.The most dis…
LATIN AMERICA — BHP Minerals eyes interest in Bolivia’s Iroco project
Juniors Altoro Gold (ATG-V) and Vista Gold (VGZ-T) have signed an option agreement enabling BHP Minerals to earn a 50% interest in their jointly held Iroco gold project in Bolivia.To earn its interest…
Band-Ore puts resource figure on Thorne
Three advanced exploration projects in the Timmins, Ont. region have moved a step closer to development.At the Thorne property, Band-Ore Resources (BAN-T) has released its long-Awaited resource estima…
EDITORIAL AND COMMENTARY — There’s more to mining than tonnage and grade Community relations
A recent communique from the Prospectors & Developers Association of Canada (PDAC) suggests that the Canadian mining industry needs to improve its ability to deal with the environmental and socio-econ…
Ashanti commits to African projects
Ashanti Goldfields (ASL-N) intends to spend US$28 million on exploration in Africa during 1997.The company’s managing director, Peter Cowley, says two-Thirds of the funding will be directed towards ex…
Eldorado expands into African districts — Two gold mines added to international portfolio
Two operating gold mines and nine exploration properties in Africa will be acquired by Eldorado Gold (ELD-T) as part of a second-stage transfer of assets to the company from South African mining house…
MEXICO AND CENTRAL AMERICA — Greenstone aims to expand production in Central America
Central America’s largest gold producer, Greenstone Resources (GRE-T), expects output from its properties in the region will increase to 402,000 oz.before the end of the century.With one operating min…
Omax Resources expands holdings in Indonesia
One of several Australian-based juniors listed in Canada, Omax Resources (OXR-V), is assembling an extensive portfolio of properties in Indonesia and appointing new management to oversee exploration t…
THE GLOBAL SEARCH FOR GOLD SPECIAL — Junior companies converge on West African prospects
The political and economic reforms sweeping the African continent continue to attract an increasing number of North American gold exploration companies.The yellow metal has been mined in West Africa f…