Larder expands Ontario exploration portfolio
A letter of intent with Explorers Alliance sets the stage for International Larder Minerals (LRDR-C) to expand its exploration portfolio in Ontario.Larder plans to acquire all the share capital of Exp…
News
Third of workforce laid off at Detour Lake
Placer Dome (PDG-T) has laid off almost a third of the workforce at its Detour Lake gold mine in northeastern Ontario.The layoffs — part of a plan to reduce production costs — will affect 103 of 347…
Abacus tallies resource at Niblack project
Abacus Minerals (AMC-V) has calculated a drill-indicated resource for the Lookout zone of its Niblack volcanogenic massive sulphide project in southeastern Alaska.The resource stands at 1.8 million to…
ODDS’N’SODS — A lunch fit for a mouse
In the 1930s, the Paymaster Consolidated gold mine near Timmins, Ont., was known as the “ham, jam and an orange mine.”When the Paymaster restarted in 1933, for the second time, funds were in short sup…
Metallica makes headway at projects in Mexico and Chile
Reserves have increased substantially at the Cerro San Pedro gold project near San Luis Potosi, Mexico.Metallica Resources (MR-T) reports that oxide reserves now stand at 77.3 million tonnes grading 0…
Ursa Major expands interests in Kazakstan
Junior Ursa Major International (URSA-C) has added a fourth gold property to its portfolio of mineral assets in Kazakstan.The Hamilton, Ont.-based company can acquire a 60% interest in the Nirinsk lic…
Placer Dome drills to a Fault near Detour Lake
Two more holes drilled by Placer Dome (PDG-T) on the Fault Lake property, adjacent to the company’s Detour Lake gold mine in northern Ontario, have intersected gold mineralization.The property, held i…
NEWS IN BRIEF (February 03, 1997)
Big Bear Oil & Gas (BIG-V) has changed its name to Renata Resources (RTA-V).
PEOPLE — CHALICE MINING
Dong Bi appointed director.
PEOPLE — BORON CHEMICALS (February 03, 1997)
Robert Cogliandro appointed president.
GOLD FUNDS (February 03, 1997)
Gold Funds as of January 23, 1997BGRCentralNet Value$21.39$5.78Price$16.75…
Correction (February 03, 1997)
Junior Fairstar Explorations (FFR-M) has a 55% interest in the Fenelon gold property and is operator of the Quebec project.Incorrect information appeared in our issue of Jan. 20.