NEVADA — Mt. Hamilton adds to Rea’s output
The Mt. Hamilton heap-leach mine, near Ely, turned out 8,550 oz. gold and 18,850 oz. silver during the first three months of this year, compared with 7,930 oz. gold and 23,700 oz. silver for the compa…
Battle Mountain Gold Company
Lone Star shelves plans for Awak Mas gold mine
Low gold prices and preliminary results of a feasibility study have forced Lone Star Explorations (LSE-V) to put off construction of its Awak Mas gold project in Indonesia.The Australian company says …
Vengold increases interest in Lihir
Vengold (VEN-T) has increased its interest in the Lihir gold project in Papua New Guinea to 7.1% from 5.7%.Under an arrangement with National Provident Fund, one of Papua New Guinea’s leading financia…
LATIN AMERICA — Corriente drills for gold in southern Peru — Company says results indicate bulk-tonnage potential at Chama
Diamond drilling has commenced on the Peruvian gold project known as Chama, in which Corriente Resources (CTQ-T) can acquire a 100% interest.Situated near Arequipa in the country’s south-central regio…
LATIN AMERICA — Kori Kollo crucial to `new’ Battle Mountain — Latin American exploration key to company’s strategy
Last year’s merger with Hemlo Gold Mines has provided the “new” Battle Mountain Gold (BMG-N) with two core operations that together represent two-Thirds of its current production and about half of its…
LATIN AMERICA — Mar-West Resources focuses on underexplored gold in Central America — Encouraging trench results pave way for drilling on Honduran joint venture
A large circular hill, or domal feature, on the San Martin concession in central Honduras is being trenched by Mar-West Resources (MSR-V) in preparation of a 3,000-metre drill program, to begin this m…
Queenstake awaits results from Chupaca property
At the Chupaca project in the Ancash region of central Peru, Queenstake Resources (QTR-V) has completed the final three diamond drill holes of a 6-hole program.The project is on a structural trend, 2….
Ontario staking rush attracts flock of companies
In what could prove to be Ontario’s last great staking rush, several hundred claimstakers recently converged near Temagami on a piece of northeastern Ontario roughly the size of Prince Edward Island.F…
LITERATURE REVIEW SPECIAL — Battle Mountain and Normandy eye Vera-Nancy gold mine
Equal partners Battle Mountain Gold (BMG-N) and Normandy Mining intend to develop the Vera-Nancy project near the Pajingo complex in Queensland, Australia.The projected capital cost of US$40 million i…
Canada Tungsten profits from sale of assets
Proceeds from the sale of non-core assets put Canada Tungsten (CTG-T) in the black for the first half of 1996.For the six months ended June 30, CanTung netted $700,000 (or 2 cents per share) on revenu…
THE GLOBAL SEARCH FOR GOLD SPECIAL — Recent gold discoveries shed light on Honduras
Since entering Honduras almost two years ago, Vancouver-based Mar-West Resources (MSR-V) has amassed one of the largest packages of exploration properties in the country.Mar-West began positioning its…
Tombstone adds to its Honduran holdings
Subject to the completion of a due diligence review, Tombstone Explorations (TSO-T) has acquired the Agua Fria mine project in Honduras from Battle Mountain Gold (BMG-N).Tombstone is paying Battle Mou…