Platinova gets moly play
Following recent price increases in the molybdenum market, Platinova A/S (TSE) has acquired the Malmbjerg deposit in Greenland. The deposit is 20 km from deep tidewater on the east coast at 72 north l…
1995
Juniors swarm near Murgor
Geophysical work — including magnetic, induced-polarization and very-low-frequency surveys — is being carried out by Murgor Resources (VSE) on its 14-claim property near Lebel-sur-Quevillon, Que. Pr…
Daisy could bloom into gold producer
The open-pit proven and probable reserve of the Secret Pass deposit in Nevada is expected to rise to about 18 million tons containing 425,000 oz. gold. The deposit, managed by Inter-Rock Gold (ME) and…
NEWS ROUNDUP — New Island plans more drilling
More drilling, beginning in the spring, is planned for the Lucky Smoke gold zone in Newfoundland. New Island Minerals (ASE) of St. John’s wants to test the strike extension of the zone north to the Ke…
NEWS ROUNDUP — Junior Wildcat looks to S.E. Asia
Among the Canadian companies poised to explore for gold in the Malay Archipelago is Pacific Wildcat Resources (VSE). The junior intends to carry out work in southern Sumatra, where a 1,740-sq.-km area…
NEWS ROUNDUP — Rhino completes initial drilling
Junior Rhino Resources (VSE) has finished drilling five holes, totalling 2,000 ft., on the Ned claims near Kamloops, B.C. The program tested what is believed to be an epithermal zone over a distance o…
New deals for Major General
In acquiring an option to buy into the Brass Buckle gold property near Springdale, Nfld., Major General Resources (VSE) has expanded its portfolio of Canadian exploration projects. A 70% interest is a…
Nugget Res. plans drilling program
A mid-February start is planned for a drilling program at the Australian gold project of Nugget Resources (ASE). The junior’s property is in the famous Hill End district of New South Wales. President …
Greenstone financing raises $8.4 million
Latin American gold producer Greenstone Resources (TSE) has completed a 2-series convertible debenture offering valued at $8.4 million. Each series has a 5-year term and may be converted into Greensto…
Cyprus seeks El Abra funding
With a feasibility study wrapped up, Cyprus Amax Minerals (NYSE) is seeking almost US$1 billion to develop the Chilean copper project known as El Abra. The company is seeking a loan of $US700 million …
Drilling tests copper-cobalt targets in Mexico
Drilling on Copperstone Resources’ (VSE) Purgatorio concession in Mexico has confirmed the continuity of sediment-hosted copper-cobalt mineralization. The concession, situated north of Santa Rosalia i…
Princeton drilling Elenita copper project in Chile
At the Mina Elenita copper property in northern Chile, a reverse-circulation drill program is in full swing. The property, situated near Antofagasta, hosts a manto-type oxide copper deposit with an es…