1999

NEWS ROUNDUP — Farallon settles dispute with Torok

A longstanding legal dispute between Farallon Resources (FAN-T) and John Torok has been settled.Last summer, the Supreme Court of British Columbia dismissed Torok’s claims in the province and awarded …


St Andrew eyes open pit at Hislop

Drilling by St Andrew Goldfields (SAS-T) has outlined what could evolve into an open-pit gold deposit at its Hislop property near Matheson, Ont.Fifteen core holes sunk in the previously discovered Wes…


Acquisition strengthens Etruscan’s hand

Etruscan Resources (EET-T) has signed a US$6.75-million deal with Ashanti Goldfields (AHD.U-T) and Iamgold (IMG-T) to acquire the partners’ equally held Saoura permit, situated adjacent to Etru…



Metallica drills porphyry project in Chile

Metallica Resources (MR-T) has encountered significant copper-gold mineralization at the El Morro porphyry prospect in north-central Chile.In the second hole of a 10-hole program that spanned 2,000 me…



Cornerstone options Newfoundland ground to major

A major copper producer plans to explore the Princess property on Newfoundland’s Bonavista Peninsula for its potential to host volcanic red-bed copper and/or epithermal porphyry copper-gold mineraliza…


Sutton, Barrick review mine plans at Bulyanhulu

Barrick Gold’s (ABX-T) proposed takeover of Sutton Resources (STT-T) has forced a change in management at the latter’s Bulyanhulu gold project in Tanzania.The current project manager, Placer Dome Tech…





EXPLORATION 1999 — Hecla begins drilling in Chile

Hecla Mining (HL-N) will put down 20 reverse-circulation holes in a 4,000-metre program aimed at testing three targets on the Cacique gold property in north-central Chile.The largest of these targets …


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