Gold Reserve boosts resource
The first phase of infill drilling at the Brisas concession in the Kilometre 88 region of Venezuela has translated into an increase in copper-gold resources for Gold Reserve (TSE).The company, drillin…
News
Greenstone enhances Libertad potential
Drilling and trenching by Greenstone Resources (TSE) on its Libertad concessions in Nicaragua have expanded the size of the Cerro Mojon deposit.Reverse-circulation drilling has extended Cerro Mojon to…
STOCK MARKETS — Western markets stage mixed performance
Western markets put in a mixed performance over the report period ended March 26, with the Vancouver Stock Exchange composite index posting a 24.3-point gain to 1,080.55.The resource index failed to f…
Geostatistical program planned for McGill
The Department of Mining and Metallurgical Engineering at McGill University in Montreal will sponsor a 3-day course called “Geostatistics for Ore Reserve Estimation and Grade Control.”Presented by Mic…
Exploration increases in Southeast Australia
A government support system for mining companies is bearing fruit in Southeast Australia.Exploration and mining expenditures in the state of Victoria rose to A$112.6 million in 1995 from A$96.1 millio…
Solv-Ex under investigation in United States
A U.S. grand jury is investigating the possible manipulation of shares of Solv-Ex following a ten-fold increase in price during the past year.The probe follows an earlier investigation into the compan…
Doromin’s Specogna is suspended by B.C. regulators
The British Columbia Securities Commission has prohibited Marino Specogna, a director of Doromin Resources (VSE), from participating in the securities market and acting as a director or officer of any…
COMMENTARY — The resource sector and the budget
The Hon. Paul Martin, federal minister of finance, wrote the following at the invitation of Keep Mining In Canada, a national grassroots campaign designed to increase public awareness of the importanc…
South Atlantic gains rights to review Zairian prospects
An agreement with Sominex, a company based in Zaire, gives South Atlantic Diamonds (VSE) the exclusive right to review seven diamond mining prospects in West Kasai.The company is paying Sominex US$25,…
Monopros resumes work at Misty Lake
Exploration is about to begin on the 216,000-acre Misty Lake kimberlite property in the Northwest Territories.Monopros, which can earn an initial 51% interest by spending $4.7 million over five years,…
Winspear begins spring drilling at Camsell
Using two rigs, Winspear Resources (VSE) has begun a 10,000-ft. drill program on the Camsell Lake diamond joint venture in the Northwest Territories.Winspear is the operator and holds a 32% interest i…
STOCK MARKETS — Golds gain ground to bolster TSE
The Toronto Stock Exchange was fractionally higher over the report period ended March 26, with the TSE 300 composite index adding 17.94 points to close at 4,985.21. Gold stocks were especially strong,…