Rayrock to expand mines in Nevada
Toronto-based Rayrock Yellowknife Mines (RAY-T) plans to expand two of its gold mines in Nevada.The expansions at Dee and Marigold, combined with the start of production at its 35%-owned Daisy mine, a…
News
Freeport, RTZ-CRA ink JV deal in Irian Jaya
RTZ-CRA (RTZ-N) has gained a foothold in the Block A gold operations of Freeport-McMoRan Copper & Gold (FCX-N) in Irian Jaya, Indonesia.The deal calls for the former to acquire a 40% interest in produ…
EDITORIAL PAGE — Exporting expertise
October is “Export Month” in Canada, and this year, companies supplying goods and services to their traditional customers in the mining sector have much to celebrate.Canadian mining companies are busy…
THE DIAMOND PAGE — Ocean Diamond lands new listing on CDN
The shares of South African-based Ocean Diamond Mining (ODM) are now being traded on the Canadian Dealing Network under the symbol OCND.Since its formation in late 1983, the company has mined diamonds…
Eastmain drilling at Clearwater
Eastmain Resources (ESTR-C) and the Quebec Crown corporation Soquem have resumed drilling at the Clearwater project in the Eastmain River greenstone belt in northwestern Quebec.The drilling is intende…
More juniors crowd Lac Volant
A large number of junior companies, most of them Quebec-based, have tied up ground in the Lac Volant area, which was recently reopened by the Quebec government for staking.The area was withdrawn from …
ProAm explores target near Winnipeg
Junior ProAm Explorations (PMX-V) will test a large, aeromagnetic anomaly near Winnipeg, Man., for platinum, palladium, nickel and copper.ProAm describes the 24-by-11-km aeromagnetic signature as “typ…
Drilling opens up Las Brisas
Stepout drilling by Gold Reserve (GLR-T) in the Kilometre 88 region of Venezuela continues to encounter gold mineralization. As a result, the company is opening up for future exploration an area west …
Ecuadorian firms up Gaby and Cerro Pelado deposits
Ecuadorian Minerals (EMC-T) has completed a 47-hole program of infill drilling on the Gaby gold property in Ecuador.The 11,717-metre program, part of a prefeasibility study, tested a large gold geoche…
Auspex steps up work in Portugal
Auspex Minerals (APJ-V) has begun drill-testing the Sao Martinho portion of its Portalegre gold property in east-central Portugal.The initial target of the 70-metre program is the trenched zone that r…
Ashanti signs Shamrock deal
Shareholders of Australian-based Golden Shamrock Mines (GSX-T) have approved its acquisition by Ghana-based Ashanti Goldfields (ASL-N).Approval from the Supreme Court of Victoria in Australia was expe…
MOST ACTIVE ISSUES (October 21, 1996)
ExchgVol(000s)CloseBRE-X MnrlsT1407122.95Black Swan GdT…