Ellios explores in Greenland
A total of 228 heavy mineral concentrate samples have been collected from stream sediments downstream of circular-shaped lakes on ground held by Ellios Resources (EOR-V) in Greenland.The company acqui…
1996
NEWS ROUNDUP — Santa Cruz finds zone at Magistral
Junior Santa Cruz Gold (SCG-T) has intersected a new zone following drilling at its Magistral gold project in Sinaloa state, Mexico.Infill hole MDH-281, drilled to test the updip potential of the San …
NEWS ROUNDUP — Globex has chance at Quebec deposit
Junior Globex Mining (GMX-M) has reached an agreement to earn a 50% interest in the Wood gold deposit near Cadillac, Que., once Amblin Resources acquires full ownership of the deposit.Under the agreem…
Misty Mountain adds to Harmony deposit
Drill results from the Harmony gold project in British Columbia’s Queen Charlotte Islands continue to impress owner Misty Mountain Gold (MGL-T).Misty is systematically drilling the Specogna deposit on…
LITERATURE REVIEW SPECIAL — NEWS ROUNDUP — Softrock steps up exploration
Softrock Petroleums (STZ-A) has applied for a third mineral exploration licence in Greenland.When issued, the new licence will cover 30,000 acres in west Greenland, where kimberlite dykes and microdia…
IAMGOLD, Ashanti launch US$38M program
Reverse-circulation drilling has intersected mineralization on three of 10 West African concessions owned by partners IAMGOLD (IMG-T) and Ashanti Goldfields (AGC-T).The results represent the first pha…
Financing arranged for Lomas Bayas
Debt financing to the tune of US$140 million has been arranged for development of the Lomas Bayas oxide copper mine project in northern Chile.The project has been delayed since early July, when Gibral…
Quebec gov’t stakes nickel as private sector looks on
Traditionally, in Canada, provincial and federal geologists assist the mining industry by mapping virgin areas and releasing information about prospects and showings that often point the private secto…
Archangel uncovers more diamonds
Vancouver-based Archangel Diamond (AAD-V) has released encouraging results from hole 43 at the Verkhotina diamond project in Russia.Although it is the fourth hole to intersect the 441 kimberlite pipe,…
LITERATURE REVIEW SPECIAL — Freegold sets sights on Alaska’s placer territory
Since 1902, nearly 10 million oz. gold have been pulled from alluvial gravels in the Fairbanks district, where miners worked their way up-stream in search of the lodes that fed the placers. The old-ti…
LITERATURE REVIEW SPECIAL — Cyprus Amax produces copper at El Abra mine
In northern Chile, Cyprus Amax Minerals (CYM-N) has started producing copper at the El Abra mine, seven months ahead of schedule.The first cathode was produced from the solvent extraction-electrowinni…
Oliver and Consolidated Mining unveil assay results from Segala
Partners Consolidated Mining Corp. (CMC) of West Africa and Oliver Gold (OGO-V) have reported assay results from drilling on the Main zone at the Segala project in Mali.To date, 11 infill diamond dril…