News

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…


Da Capo expands Bolivian holdings

Consistent with its efforts to develop bulk-tonnage gold projects in Bolivia, Da Capo Resources (VSE) has acquired a 49% interest in the San Gerardo property.Teck (TSE) is funding drilling under an ag…


Formation reports drill results

Formation Capital (TSE) reports encouraging results from seven holes drilled in late 1995 at its Sunshine project in east-central Idaho.The holes were drilled in the previously untested Sunshine East …


Nord Pacific finds copper, gold in PNG

Exploration of copper and gold prospects near Papua New Guinea are paying off for Australian-based Nord Pacific (NASDAQ).On Simberi Island, bulldozer trenching at the Sorowar prospect discovered gold-…


Cresson mine to be re-evaluated

The U.S. federal government is calling for a re-evaluation of water quality standards at the Cresson gold mine in east-central Colorado. The Environmental Protection Agency (EPA) has told Colorado sta…


Falconbridge lone bidder for Diamond Fields

In the absence of a rival bid for Diamond Fields Resources’ (TSE) stake in the Voisey’s Bay nickel-copper-cobalt deposit in Labrador, the wheels have been set in motion for the takeover of the company…


U.S. Hall of Fame set to expand

The National Mining Hall of Fame and Museum is constructing a replica of a coal mine.The museum already features a walk-through replica of a hardrock mine (complete with twisting caverns, mine timbers…


High uranium price adds value to Cameco

Toronto-listed Cameco has posted its best-ever year-end results, thanks to a 25% increase in the spot price of U3O8 and record sales for uranium concentrates.Spot prices of U3O8 jumped to US$12.20 per…


Tambo trenching defines targets for drilling

Precious and base metal mineralization at the Tambo property in southern Peru is being trenched in an effort to define drill targets.The 25,400-hectare parcel of land is one of 11 Peruvian properties …


Resource at Busang climbs to 15 million oz.

Bre-X Minerals (ASE) has released the much-anticipated resource calculation for a portion of the Southeast zone at the Busang gold project in East Kalimantan, Indonesia.Based on a cutoff grade of 0.75…


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