Dakota Mining boosts reserves
Assays from a drill program last fall allowed Dakota Mining (TSE) to increase the oxide reserve at its Gilt Edge gold mine near Deadwood, S.D. The proven and probable figure has expanded by 34%, risin…
1995
Partners boost Yanacocha stake
Following a court ruling in their favor, Newmont Gold (NYSE) and its Peru-based partner, Buenaventura, will increase their ownership of the Yanacocha gold mine. The move comes after an attempt by Bure…
Silver supply projected to stay in deficit position
New silver supplies are projected to fall short of fabrication demand again this year, with the deficit narrowing slightly to about 190.4 mil- lion oz. That is the word from research company CPM Group…
Memorial fund honors Jack White
A memorial fund has been set up by Commercial Testing & Engineering Co. of Illinois to honor a longtime employee, Jack White, who died in an airplane crash in 1994. The company has provided the initia…
PEOPLE — MORRISON KNUDSEN MINING GROUP
Steven Chi appointed president.
Cominco, Rio Amarillo test Bolivian silver projects
Partners Cominco Resources International (TSE) and Rio Amarillo (VSE) report that drilling is progressing on their Chachacomiri silver project near Potosi, Bolivia. Two diamond drill holes have been c…
Opawica performs sampling program
In southwestern Ghana, Opawica Explorations (TSE) is carrying out field work on two reconnaissance licences. Soil sampling is under way on the northeastern portion of the 1,500-sq.-km Enchi-Wiawso pro…
STOCK MARKETS — TSE rises as Canadian dollar hits 4-month
The recent rally by the Canadian dollar helped inspire investor confidence, which led the Toronto Stock Exchange to post a slight gain during the 5-day report period ended April 11. The composite 300 …
PRODUCER PRICES (April 17, 1995)
ALUMINUM: MW U.S. market US91.25-92.25 cents per lb. (April 7, 1995). ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995). BISMUTH: MW New York dealer US$3.65-3.75 per lb. (April 7, 199…
Tombstone active in Venezuela
Plans to acquire a copper-gold project in Honduras are not likely to cause Tombstone Exploration (TSE) to shift its focus away from Venezuela. The Vancouver-based junior holds several properties in th…
Fatality reported at Copper Rand
A miner was killed and another injured in an underground explosion involving methane gas at the Copper Rand mine of copper-gold producer MSV Resources (ME) at Chibougamau, Que. Rene Gauthier, 46, died…
La Rock drilling Brandywine
A 4,000-ft. diamond drill program on the Brandywine property, 25 miles north of Squamish, B.C., has encountered gold mineralization. La Rock Mining (VSE) is testing the extension of the Dave’s Pond zo…