LATIN AMERICA — La Salle yields more gold
Toronto-based Chesbar Resources (CBI-M) has released additional results from drilling at the La Salle I gold property on its Anacoco IV concession in Venezuela’s Bolivar state.The 41-hole, 5,000-metre…
1998
Independence options Buckhorn South
Independence Mining has exercised an option with Royal Gold (RGLD-Q) for the Buckhorn South property in Eureka Cty., Nev.Independence, a wholly owned subsidiary of Luxembourg-based Minorco (MNRCY-Q), …
METAL PRICES (September 07, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 1Aug. 31Aug. 28Aug. 27…
AZCO gains foothold in Mexico
Vancouver-based AZCO Mining (AZC-T) has acquired an option to earn a 70% interest in La Adelita, a copper-gold-silver prospect in Mexico’s Sonora state.In return, the junior is required to spend US$50…
Rex reports discovery in Mauritania
A sampling program by Rex Diamond Mining (RXD-T) has resulted in the discovery of two diamonds found in two samples at the El Hammami lease in northern Mauritania.The samples were taken as part of a s…
LATIN AMERICA — Ballad, Unuk begin drill program in Peru
Drilling has begun on the Las Princesas project of Ballad Enterprises (BDC-V) and Unuk Gold (UNK-V) in northern Peru.Drilling on the Northern zone will consist of 10 holes over 1,200 metres. The miner…
LATIN AMERICA — Patagonia projects come of age — Minera Andes, Yamana among juniors active in Argentine region
Encouraging results released during the South American winter are setting the stage for what could be a pivotal exploration season in the Patagonia Plateau of southern Argentina.Junior companies activ…
LATIN AMERICA — NAME CHANGE
Lone Star Exploration (LSE-V) has changed its name to Masmindo Mining (MME-V) on a 1-new-for-10-old-share basis.
LATIN AMERICA — Greenstone on track with mine commissioning
With mine commissioning under way at the San Andres gold mine in Honduras, Greenstone Resources (GRE-T) has arranged US$13 million in additional financing to ensure a smooth startup and withstand chal…
MINING MARKET & INVESTMENT NEWS — INVESTMENT COMMENTARY — Rubicon’s fundamentals pass muster with analysts
Analysts following junior mining companies are painfully aware that this sector has, of late, been finding little favor with investors. The bear market and low metal prices are inducing analysts to fo…
Sutton seeks funds for Tanzanian gold project
Three inauspicious factors — an 18-year low in the price of gold, the bombing of the U.S. embassy in Tanzania and the ongoing conflict in war-torn Democratic Republic of Congo — contributed to the r…
Claude cuts costs at Seabee
A cost-cutting program has enabled Saskatoon-based Claude Resources (CRJ-T) to report a 25% reduction in operating expenses at the Seabee gold mine in the La Ronge district of northern Saskatchewan.Th…