Don Mario advances to feasibility
After studying a variety of development proposals from third parties, management of Orvana Minerals (ORV-T) has decided to retain a 100% interest in the Don Mario gold-copper project in eastern Bolivi…
1998
AFRICA — NEWS ROUNDUP — Nora boosts throughput
A new treatment plant installed by Nora Exploration (NXI-M) is operating on schedule and below estimated cost at the company’s diamond project in Ghana.The junior says the plant, which consists of two…
AFRICA — Minorca eyes Ghanaian gold
Best known for its attempt to acquire a stake in the Busang project in Indonesia, Minorca Resources (mar-t) has since shifted its focus to Africa.The Toronto-based junior recently signed an agreement …
Guyanor makes progress in French Guiana
Drilling by Guyanor Ressources (GRL.B-T) has increased the known extent of massive sulphide mineralization at the Paul Isnard project in French Guiana.Guyanor’s objective is to fill in the areas of kn…
FACTS ‘N’ FIGURES — Diamonds in Canada
The discovery, in late 1991, of a diamond-bearing kimberlite of apparent economic potential at Point Lake, near Lac de Gras, N.W.T., initiated a staking rush of unprecedented magnitude, mostly in the …
AFRICA — Mining at Turk to see light of day
Casmyn (CMYN-O) will take operations at its Turk gold mine in Zimbabwe above ground.Traditionally, the Turk mine has produced gold from narrow high-grade veins, but detailed drilling and computer mode…
METAL PRICES (January 26, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 20Jan. 19Jan. 16Jan. 15Jan…
Placer Dome to suspend construction at Las Cristinas
Placer Dome (PDG-T) has announced that its operating company, Minera Las Cristinas (Minca), has decided to suspend mine construction at the Las Cristinas gold property in Venezuela until an ownership …
AFRICA — Poplar eyes diamond project
Poplar Resources (PPX-V) intends to begin a bulk-sampling program at the Aardvark and Barkly West kimberlite fissures in South Africa.The company can earn up to a 60% interest in the diamond projects,…
Pegasus crash-lands under debt load
Pegasus Gold (PGU-X) has lost its fight against the dwindling gold price and filed for bankruptcy protection after unsuccessful appeals for clemency to its major creditors.The company had been in nego…
AFRICA — Rex Diamond explores in Mauritania
Rex Diamond (RXD-T) has launched an exploration program aimed at finding diamond-bearing kimberlites in the desert of northern Mauritania.The diamond-producing company recently announced the discovery…
AFRICA — Raymor Resources tests gold projects in Mali
The success of the Sadiola Hill gold mine in Mali has prompted other Canadian juniors to take a serious look at the gold potential of the West African nation.Among those companies is Raymor Resources …