An independent consultant has determined the Central zone of the Busang gold project in East Kalimantan, Indonesia, has a drill-inferred geological resource of 10.3 million tonnes averaging 1.92 grams…
Collahuasi partner Shell Petroleum will sell its one-third interest in the copper deposit in Chile to Falconbridge (TSE) and Minorco for about US$19 million. The two partners will each end up holding …
Junior copper-gold producer Aurex Resources (TSE) intends to concentrate its exploration efforts this year on the Talcuna district of Chile, as well as on various properties in Peru and Guyana. Aurex …
How do mining companies decide where to focus their exploration efforts now that a tempting array of geological opportunities has opened up in almost every corner of the globe? All senior companies ar…
Two projects have been added to Band-Ore Resources’ holdings in Sewell and Reeves twps., west of Timmins, Ont. The company can acquire the Ross property in Penhorwood Twp., which consists of two claim…
Saskatchewan’s newest and largest gold mine — and one of only two in the country to operate within a provincial park — entered commercial production last month. The Contact Lake mine, situated 63 km…
Mining and exploration companies in British Columbia took advantage of grant incentives offered by the provincial government to expand exploration and mine development in 1994. Information released by…
In the past few years, the Yanacocha district, high in the Andes of northern Peru near the town of Cajamarca, has been the site of a flurry of activity. One of the highlights was last October’s openin…
The search for a large-tonnage, porphyry copper-gold deposit is expected to continue on the Soup and Kli claims in north-central British Columbia. Hemlo Gold Mines (TSE) is earning a 51% interest in t…
Kilborn Engineering Pacific has updated its 1994 prefeasibility study for the Petaquilla and Botija deposits being advanced by Adrian Resources (TSE) in Panama. Recent work on the property has led to …
The mining industry had been lobbying for measures that would allow companies to defer tax on the earnings in Mine Reclamation Trust Funds until withdrawn for reclamation purposes. The budget did not …
Since optioning the Cerro Corona project in Peru in early 1994, Barrick Gold (TSE) has drilled more than 200 holes and carried out extensive metallurgical testing, environmental baseline work and infr…
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