American active at San Gregorio
With development permits in hand, American Resource (USOTC) is proceeding with engineering work on its San Gregorio gold project in Uruguay. The contract will entail fine-tuning the open-pit plan, dev…
1994
NO HEADLINE (September 26, 1994)
enver-based USMX (NASDAQ) says its reserve and resource inventory now exceeds 1.1 million oz. gold and 238,000 tons copper. The new estimates, which are based on a US$375-400 per oz. gold and US$1 per…
American Bullion drilling continues at Red Chris
A 60-hole program at the Red Chris porphyry copper-gold project, 10 km east of Iskut, B.C., is half-finished. American Bullion Minerals (VSE) holds an 80% interest while Teck (TSE) retains 20% (half o…
Minefinders acquires Mexican gold play
Minera Minefinders S.A. de C.V., a wholly owned subsidiary of Vancouver-listed Minefinders, has staked a 2,200-hectare gold property in Mexico’s Sonora state. Reconnaissance mapping and sampling on th…
DIAMOND SPECIAL — From `down under’ to `up here’ Ashton
If the Cross property in the Northwest Territories is regarded by industry-watchers as a success, it is not simply because it has already yielded a number of diamonds but also because it proves that t…
Monarch spreads its wings in El Dorado camp
In 1987, a company was listed on the London Stock Exchange in order to carry out gold exploration in Venezuela. Since then, Monarch Resources has invested more than US$80 million in the country and go…
Caldera government imposes strict economic measures
Venezuelan Financial Affairs Secretary Luis Raul Matos has defended the strict economic measures taken recently to overcome the country’s financial crisis, saying the government was taking a “pragmati…
DIAMOND SPECIAL — Russian diamond output in decline
Major world diamond producer Russia produces about 95% of its diamond output from five mines. The country’s output has been falling for the past three years; analyst David Williamson Associates of Lon…
Barytex’s Mel returns zinc-lead values
All six holes of a deep drilling program on the Mel zinc-lead-barite deposit in southeastern Yukon have intersected mineralization. International Barytex (VSE) is working to expand the Main zone resou…
De Beers increasing its Canadian presence
The discovery of potentially economic kimberlite pipes in Canada’s North is being taken seriously by the world’s largest diamond organization, De Beers Consolidated Mines, and its marketing arm, the C…
Drilling continues at Hislop-Beatty
According to Glimmer Resources (VSE), results from drilling by Hemlo Gold Mines (TSE) at the Hislop-Beatty property in northeastern Ontario should lead to increased reserves. Seventeen of the 29 holes…
Gold Vessel drilling in El Callao district
A second phase of drilling has been completed on the Choco-6 property in Venezuela’s El Callao district. Gold Vessel Resources (VSE) is earning a half interest in the property from a private Venezuela…