Dayton plans Andacollo start
Toronto-listed Dayton Mining has announced a $34-million equity financing, which will be used in conjunction with a US$50-million bank underwriting, to develop a heap-leach mine in central Chile. Cons…
News
NEWS ROUNDUP — Gold values at Midway
Drilling on the Midway project near Rock Creek, B.C., has returned an 11-ft. intersection averaging 1.52 oz. gold per ton. Privately owned Phoenix Resources and Sway Resources (VSE) have earned a 51% …
Greenstone sells stake in subsidiary
Latin-American gold producer Greenstone Resources (TSE) has sold a 12.3% interest in its newly formed Colombian subsidiary to Instituto de Fomento Industrial (IFI). IFI is a Colombian government agenc…
Minorca acquires Phooey
Vancouver-listed Minorca Resources has entered an agreement with a prospector to acquire the Phooey Lake property in Langloiserie Twp., near Chibougamau, Que. Previous work, during 1945-53 and 1985-88…
Drilling continues at Buffalo Valley
Alberta-listed Fairmile Acquisitions has identified several new zones of gold mineralization at the Buffalo Valley mine in northern Nevada. Drilling on the north-south-striking, 2,400-ft.-long Front f…
LAST BUT NOT LEAST — Ariel to test San Rafael
In Costa Rica, Ariel Resources (VSE) will explore a mile of strike length northeast of the San Rafael zone at its San Martin mine. The zone contains about 4.3 million tons (minable by open-pit methods…
LAST BUT NOT LEAST — Name change for Red Rock
Junior Red Rock Mining (NASDAQ) has acquired the Goldfield project in Nevada and changed its corporate name. Red Rock issued 12 million shares to American Resource (NASDAQ) for the latter’s 50% intere…
NEWS ROUNDUP — Platinova active in Greenland
In Greenland, exploration has begun on two base metals properties in which Platinova A/S (TSE) holds interests. Two drills have been sent to the northern peninsula of Peary Land to explore the company…
LETTER TO THE EDITOR — Manitoba extends welcome to new
Your editorial “Exodus” (T.N.M., June 6/94) suggests a number of reasons for a decline in exploration in Canada and, to your credit, some potential solutions. My concern is your reference to junior ex…
The environment and management
Environmental concerns will be the focus of the Mining Environmental Management Conference at Reno, Nev., Oct. 16-19. The conference and accompanying exhibition are aimed at executive and technical ma…
Tri Origin exploring projects in Ontario
Toronto-based Tri Origin Exploration (TSE) has started work on its four Ontario gold projects. A 2,500-metre drill program will be carried out on the Sault project, 90 km north of Sault Ste. Marie. Pr…
LAST BUT NOT LEAST — Electra boosts earnings
A half interest in the Aurora Partnership gold mine enabled Electra Mining Consolidated (VSE) to earn $382,462 (14 cents per share) in the first quarter. This compares with a loss of $42,416 for the s…