FreeGold reports Golden Summit holes
VSE-listed International FreeGold Mineral Development has completed a second round of drilling on the Dolphin zone at its 26,000-acre Golden Summit project, 20 miles northeast of Fairbanks, Alaska.Fre…
1996
Patrician and JCI to form alliance
South African-based JCI intends to acquire up to a 20% interest in Patrician Gold Mines (ASE).The senior producer has signed a letter of intent to buy 2 million Patrician special warrants at 75 CENTS …
Golden Knight tests prospect in Ghana
The first phase of reverse-circulation drilling has been completed on the Abore North zone at the Oda River concession in central Ghana.Forty-five holes, comprising 3,400 metres, tested a gold-mineral…
Stellar to acquire Philippine ground
The Vancouver Stock Exchange has granted approval to Stellar Gold to acquire two nickel properties in the Philippines.The Palawan and Surigao properties contain about 187 million tonnes grading 1.4% n…
Pioneer aims to reactivate Puffy Lake
Success eluded Pioneer Metals (TSE) the first time it attempted to bring the Puffy Lake mine to production. But, armed with a new operating plan, the company is taking steps to reactivate the former p…
Silver Standard ups Lunnoe interest
Having conducted a preliminary review of the Lunnoe project in Russia, Silver Standard Resources (TSE) intends to acquire a 46% interest in privately held Geolog. It had previously announced its inten…
Band-Ore extends mineralization (March 18, 1996)
Drill holes along strike have intersected more mineralization at the Thorne Twp. property of Band-Ore Resources (CDN), west of Timmins, Ont.Earlier drilling on Band-Ore’s new zone had encountered gold…
Diamonds found in French Guiana
Toronto-listed Guyanor Ressources has discovered diamonds in a metamorphosed ultramafic rock within its Dachine permit area in French Guiana.Guyanor, which is 70% owned by Golden Star Resources (TSE),…
Guyana Gold aims to expand Sabi
Production from the Sabi gold mine in Zimbabwe is being expanded.Since it acquired a 55% interest in the mine 10 months ago, Guyana Gold (TSE) has extracted 10,071 oz. from the mine at a cash cost of …
Inco bid was rejected by Diamond Fields
At a recent press conference, Robert Friedland, co-chairman of Diamond Fields Resources (TSE), confirmed that his board shot down a proposal from Inco (TSE) that would have seen the nickel giant incre…
Biggest-ever PDAC an international hit
With 4,700 people in attendance, the 64th annual convention of the Prospectors & Developers Association of Canada turned out to be the biggest ever, shattering records set during the 1980s.”We could s…
American Res. starts work program at gold properties in northern Uruguay
With four core drills turning at the San Gregorio gold property in Uruguay, American Resource (NASDAQ) is set to evaluate its other mineral holdings in the area.The company intends to spend US$1.8 mil…