NovaGold expands Maritime holdings
With the staking of 65 claims adjacent to its Sewell Brook base metal property in New Brunswick, NovaGold Resources (TSE) has increased its total holdings in the area to 247 claims.The company made it…
News
Golden Giant suspension hurts Hemlo’s bottom line
Production problems at the Golden Giant mine, near Marathon, Ont., took their toll on Hemlo Gold Mines (TSE) in 1995.Operations were suspended for 20 weeks following a 13-week strike and a 7-week shut…
Coeur, Galena mines to reopen
Silver Valley Resources, a joint venture between Coeur d’Alene Mines (NYSE) and Asarco (NYSE), will reopen the Coeur and Galena silver mines near Wallace, Idaho.The former closed in 1991 as a result o…
Minefinders drills Bolsa oxide zone
Drilling at Minefinders’ (VSE) Bolsa property in Mexico’s Sonora state is testing a near-surface, highly oxidized zone of gold-silver mineralization.Mineralization has been tested over a strike length…
Goldstake grabs Indonesian ground
Shareholders of Goldstake Explorations (TSE) will meet on March 14 to approve share issues to finance the acquisition of three properties in Indonesia.Goldstake has already announced the acquisition o…
Kinbauri starts drilling at Dossi
Kinbauri Gold (CDN) has begun reverse-circulation drilling at the Dossi gold concession in Burkina Faso to test a soil-geochemical anomaly 18 km long and 0.5-4 km wide.Kinbauri is earning a 65% intere…
Aranlee to earn interest in eight Argentine properties
Aranlee Resources (VSE) has begun preliminary exploration on eight properties in the northwestern Argentine provinces of Salta and Jujuy.The company is earning a 70% interest in the properties by payi…
Stratabound gets Taylor Brook results
Stratabound Minerals (ASE) continues to receive encouraging results as it drills downdip from known mineralized zones on its Taylor Brook project, southwest of Bathurst, N.B.An intersection of 41.8 me…
Coeur makes bid for Gasgoyne Gold
Coeur d’Alene Mines (NYSE) is proceeding with its takeover of Australian-listed Gasgoyne Gold Mines.In December 1995, Coeur bought a 20% stake in the company, and is now offering seven common shares o…
Band-Ore pulls gold at Thorne (February 26, 1996)
The latest drill hole at Band-Ore Resources’ (CDN) Thorne property, 10 km west of Timmins, Ont., has encountered strong gold mineralization.Hole No. 12 was drilled south of the known mineralization of…
Queenstake plans programs in Peru
Mapping and sampling will be carried out at the Peruvian properties of Queenstake Resources (TSE).The work is intended to define drill targets at the Chupaca and Olleros properties in an effort to def…
Coeur d’Alene to build Alaskan mine
Coeur d’Alene Mines and a consortium of native groups have entered an agreement to construct and operate the Kensington gold mine in southeast Alaska.The three native corporations, Goldbelt, Kake Trib…