Hecla gets permits for Grouse Creek
Federal and state environmental permits for development and production at Grouse Creek were recently received by owner Hecla Mining (NYSE). Permitting for the operation, in south-central Idaho, was de…
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METAL MARKETS — Nickel producers contemplate cutbacks
In their anxiety to protect local currencies, governments are juggling interest rates which will, in the short term, further cramp economic recovery, particularly in Europe where companies will hedge …
Huckleberry drilling detects better grades at deposit’s core
Exploration on the Huckleberry property under option to New Canamin Resources (VSE) indicates that the previously drilled property has a higher-grade core, with drilling returning a number of wide goo…
Adrian expands Petaquilla potential
Recent stepout drilling on the Petaquilla project in Panama indicates a recently completed estimate of the project’s geological resource is open to considerable expansion, according to Adrian Resource…
U.S. REPORT — Shaft planning under way — Field work begins
Slated for initial production in late 1995 and full production the following year, American Barrick Resources’ (TSE) Meikle mine has moved beyond the study stage. Field work has begun. Rod Pye was app…
Yellowknife benefits from diamond rush
The exploration boom in the Northwest Territories is having a dramatic impact on select businesses in Yellowknife, but the capital city is not expected to enjoy any widespread economic fallout until m…
Minnova plans LeMare drilling
A total of 3,300 ft. of drilling is planned on the LeMare property under option to Minnova (TSE). Minnova can earn a 60% interest in the property from Stow Resources (VSE) by spending $1.5 million by …
Hemlo Gold to fund Moss Lake drill program
A surface drilling program designed to test for higher-grade underground reserves at the Moss Lake gold property west of Thunder Bay, Ont., will get under way in early October, says Toronto-based Cent…
LATIN AMERICA ROUNDUP — Arimetco in deal with Fischer-Watt
An option agreement to earn an 80% interest in the San Andres gold project in Honduras has been entered into by Arimetco International (TSE) with Fischer-Watt Gold (NASDAQ) of Reno, Nev. To earn its i…
Azco proceeding with Sanchez
Planning for the Sanchez oxide project is proceeding, with owner Azco Mining (VSE) recently hiring engineering consultant Davy McKee to provide all engineering, procurement and construction management…
Cheni to mine new Lawyers zone
Infill drilling on a recently discovered small but very high-grade oreshoot at the Lawyers property has prompted Cheni Gold Mines (TSE) to proceed with mining the zone in the fourth quarter. The Lawye…
NEWS ROUNDUP — Rea sells QR gold deposit to CMP
Subject to regulatory approval, Rea Gold (TSE) has agreed to sell its QR gold property near Quesnel, B.C., to CMP Resources (ME) for $450,000 plus 2.5 million shares of the company currently held by C…