New coal project for Springhill
An open-pit coal mining operation is planned for the Springhill area of Nova Scotia. Springhill Coal has drawn up plans to extract about 2.2 million tonnes during a 12-year period from 14 sites in the…
1994
Thumbs down on Ashdown
High royalty and net profit payments on the Ashdown gold property in Humboldt Cty., Nev., have led International Mahogany (TSE) to conclude the property is uneconomic. Subsequently, Mahogany has termi…
NEWS ROUNDUP — Aquiline options ground to Noranda
Mining giant Noranda (TSE) is demonstrating interest in three Mexican copper properties belonging to Aquiline Resources (VSE). The properties — La Reyna, La Vista and La Joya — are all in the southw…
River Gold definition drilling
Results from the eastern-most hole to date proved to be the highlight of surface drilling by River Gold Mines (TSE) at the Eagle River gold project near Wawa, Ont. The intersection encountered 69.86 g…
Custodianship of Brisas decided
Possession and control of the Brisas concession in Venezuela will remain with a subsidiary of Spokane-based Gold Reserve (TSE). The decision was made by the Supreme Court of Venezuela, which reaffirme…
Boleo returns copper-cobalt values
Still more impressive copper-cobalt values are reported from a drill program at the Boleo project in Baja California Sur, Mexico. International Curator Resources (TSE), which has an option to acquire …
Canarc confirms discovery
Drilling at the Polaris-Taku property in northwestern British Columbia is confirming the discovery of a new zone of gold mineralization. Owner Canarc Resources (TSE) drilled 14 surface holes from seve…
EDITORIAL PAGE — 1994 retrospective
The stars must have been aligned in strange configurations for much of 1994 — how else to explain the unusual events that took place in the mining industry. Who would have predicted, for example, tha…
Pangea advances gold projects
Exploration efforts on Pangea Goldfields’ (TSE) Tanzanian gold projects continue to yield encouraging results. The company has completed 3,700 metres of reverse-circulation (RC) drilling and 1,000 met…
NEWS ROUNDUP — Kennecott expands Trendline
The Trendline gold property in Nevada has been expanded by 1,300 acres, raising the total acreage to 3,200. Kennecott can earn a 65% interest in the property from Cathedral Gold (TSE) by spending at l…
NEWS ROUNDUP — Battle Mountain options Idaho ground
A joint-venture agreement enables Battle Mountain Gold (NYSE) to earn a 60% interest in the Morning Glory property from Formation Capital (VSE). The property is in east-central Idaho. To earn the inte…
NEWS ROUNDUP — Republic finds zone in Cuba
A previously unrecognized volcanic basin has been found on the Purial mineral concession in eastern Cuba. Republic Goldfields (VSE) reports that the basin measures 22 by 19 miles and hosts at least se…