McWatters aims to cut costs
A US$23-million investment program by McWatters Mining (MCW-T) is aimed at lowering operating costs at the Kiena and Sigma gold mines in Quebec’s Val d’Or camp.The program is designed to extend the mi…
1998
Opawica drills near Kirkland Lake
Junior Opawica Explorations (OPW-T) has begun a diamond drilling program aimed at pulling base metal values from its Maisonville Twp. property, near Kirkland Lake, Ont.The 6-hole, 1,000-metre campaign…
Drill results add sparkle to Tassawini
Encouraging results from shallow drilling on the Tassawini gold property in northwestern Guyana have induced Menora Resources (MEN-M) to increase the number of follow-up targets to 12 from 9.The 12 ta…
Canadian regulators nail ‘desert dirt’ promoter
Not to be outdone by Bre-X Minerals’ claim to have 70.9 million oz. gold at the Busang property in Indonesia, American Technology Exploration told potential investors last year that it had 76 million …
DIAMOND PAGE — Juniors begin drilling for Alberta kimberlites
The search for Alberta kimberlites has begun in earnest for a number of junior exploration companies.Meteor Minerals (MMI-A) and partner New Claymore Resources (NCS-V) have begun drilling potential ta…
Corner Bay plans Mexican program
A trenching program is being planned by Corner Bay Minerals (BAY-T) to determine the strike extent and width of a gold-silver prospect on the Alamo Dorado property in southern Sonora, Mexico.The compa…
Noront aims for polymetallic riches at Windfall Lake
Diamond drilling has resumed on the Windfall Lake base metal and gold project east of Lebel-sur-Quvillon, Que., reports Noront Resources (NOT-V).Three holes were previously drilled on the property, in…
Anomaly found near Kipushi
Zamgold, a wholly owned subsidiary of America Mineral Fields (AMZ-T), has discovered a significant copper anomaly in southern Zambia.The discovery is generating interest because it is only 2 km from t…
DIAMOND PAGE — Lexam seeks kimberlites in Greenland
Junior Lexam Explorations (LEX-M) has begun drilling 10 targets to test for kimberlite pipes on the western coast of Greenland.Half of the targets are on Lexam’s own property; the other half are on gr…
LME WAREHOUSE LEVELS (February 16, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.10/98 (change from Feb. 3 in brackets):MetalStock(tonnes)Change…
Radisson launches program at Lac Gignac property
Eager to uncover deposits of both gold and base metals, junior Radisson Mining Resources (RDS-M) has launched a drill campaign on its Lac Gignac property in northern Quebec’s Massicotte Twp.The 4,672-…
Minera Andes begins drilling at El Pluma-Cerro Saavedra
The first phase of drilling at the El Pluma-Cerro Saavedra gold-silver property in Argentina is underway for Minera Andes (MAI-A).The company plans to complete up to 20 holes, totalling2,000 metres, f…