Preliminary result bullish for Bibiani
According to consultants completing a feasibility study, the Bibiani project in Ghana could yield more than 300,000 oz. gold in the first year of operation.International Gold Resources (TSE) was also …
1995
Continental Precious Metals finds nickel anomalies
After compiling results from last year’s reconnaissance mapping and sampling program, Continental Precious Minerals (ME) has identified a 400-sq.-km area with nickel geochemical anomalies on its Baffi…
Juniors complete airborne surveys at Voisey Bay
Airborne geophysical surveys have been completed over claims held by Absolut Resources (ASE) in the vicinity of the nickel-copper-cobalt discovery in Voisey Bay, Labrador.As a result, 10 separate clai…
Cheni Resources to explore Mt. Uniacke gold property
Vancouver-based Cheni Resources (TSE) will acquire a 60% interest in the Mt. Uniacke gold property, 40 miles north of Halifax, N.S.Historically, more than 2 million oz. gold have been mined in Nova Sc…
Tan Range starts drilling Tanzanian gold project
Preliminary drilling is under way on the Itetemia gold project in central Tanzania.Tan Range Exploration (ASE), which is earning a 90% interest in the property, is drilling on an anomaly that measures…
Summo Minerals working Colorado copper project
Exploration and definition drilling are under way at the Cashin copper property in Colorado.Initially, Summo Minerals (VSE) plans to drill 25 holes totaling 8,000 ft., the objective of which is to exp…
Fairstar to acquire stake in Casa Berardi gold property
Montreal-listed Fairstar Explorations will acquire OGY Petroleums’ (TSE) 45% interest in the Fenelon gold project in northwestern Quebec.Fairstar will issue 1.5 million of its common shares and 1.5 mi…
Paramount expands holdings in northwestern Argentina
The northwestern tip of Argentina continues to attract Vancouver-based Paramount Ventures & Finance (VSE).The junior can expand its land position in the province of Jujuy — currently about 60,000 hec…
Vancouver refiner looks to restart
Australian-based Golden West Refining will breathe new life into International Nesmont Industrial’s dormant gold refinery in Ladner, B.C.The refinery was shut down last year after brass bars were foun…
Madsen completes financing
A $2.1 million financing was recently completed by Madsen Gold (TSE). The junior plans to use the proceeds to complete the purchase of the Dona Lake mill.The mill will be moved from its current locati…
Eden Roc to double production
For the first six months of 1995, gold production at Eden Roc Mineral’s (TSE) Ivory Coast property is expected to be more than double what it was in the same period last year.Output for the period is …
San Andreas drilling for silver-lead-zinc
Diamond drilling is under way on the Prairie Creek property of San Andreas Resources (TSE), 300 miles west of Yellowknife, N.W.T.The property hosts a geological resource of 6.8 million tons grading 12…