East Africa Gold negotiates placement
Vancouver-listed East Africa Gold has concluded negotiations for a private placement of up to 1.8 million units at $1.35 each. A unit consists of a share and a warrant entitling the holder to buy an a…
1995
LATIN AMERICA SPECIAL — Swannell Minerals conducts
A preliminary US$200,000 exploration program is nearing completion on the Rio Tinto copper oxide property in the Mexican state of Chihuahua. Operator Swannell Minerals (VSE) can earn a half interest i…
LATIN AMERICA SPECIAL — Solitario chases Peruvian zinc
New high-grade zinc assays are cause for excitement for Solitario Resources (TSE) at its Bongara zinc project in northern Peru. The project is in an advanced stage, and exploration continues to increa…
LATIN AMERICA SPECIAL — Madison in Brazil and Venezuela
Expanding its presence in South America, Consolidated Madison Holdings (VSE) has been able to joint-venture four of its properties. The junior owns or has under option five properties in each of Brazi…
Phoenix project takes flight
The board of directors of Battle Mountain Gold (NYSE) has authorized development of the Phoenix project at the Battle Mountain gold complex in Nevada. The open-pit, heap-leach project is centred aroun…
Lenora drilling Althona deposit
As part of a feasibility study of the Goldfields project in northern Saskatchewan, Greater Lenora Resources (TSE) will carry out three drill programs concurrently. A 16,400-ft. infill program is alrea…
METALS COMMENTARY — Demand for metals strengthens
During the first half of March, metal markets shrugged off the downturn in prices that afflicted them in February. Physical demand for all metals was even stronger as processors took advantage of the …
LATIN AMERICA SPECIAL — Regeena optioning Chilean property
A letter of intent has been signed between La Serena Copper-Gold S.A. and Regeena Resources (VSE), which allows the latter to obtain an option to earn a 70% interest in La Cucaracha, a copper-gold pro…
LATIN AMERICA SPECIAL — Breakwater boosts El Mochito
Underground exploration at Breakwater Resources’ (TSE) El Mochito mine in Honduras has led to a 24% boost in minable reserves. Drilling of the five active mining zones in the second half of 1994 resul…
LATIN AMERICA SPECIAL — Yamana outlines gold targets in
Field crews have identified several gold targets on Yamana Resources’ (TSE) holdings in the Vanguardia district of Santa Cruz province in southern Argentina. An epithermal alteration system exceeding …
TVX buys Greek properties
Toronto-based TVX Gold (TSE) has paid about US$47 million for Greek-based Kassandra Mines. The company’s assets, situated on the Chalidiki peninsula in northeastern Greece, include mining concessions …
Cogema, partners approve McClean Lake uranium mine
Having received approval for development from federal and provincial governments, Cogema Resources has decided to proceed with the McClean Lake uranium project in Saskatchewan. The company and its par…