Results encourage Haddington, Portman
Initial drilling on the Tyrrell Twp. gold project near Shining Tree, Ont., has yielded encouraging results for partners Haddington Resources (VSE) and Portman Explorations (VSE). The project consists …
1995
Great Lakes signs bank agreement
A banking agreement will enable Great Lakes Minerals (TSE) to acquire an additional 10% interest in the Grouse Creek venture in Idaho, as well as hedge the production of future gold and silver product…
NEWS ROUNDUP — Campbell buys into former Lac play
Toronto-listed Campbell Resources (TSE) has opted to acquire the Wildcat gold project, formerly held by Lac Minerals. Situated 80 miles northeast of Reno, Nev., the property was recently subjected to …
Westray trial under way
A criminal trial began Feb. 6 into the explosion at the Westray coal mine in Plymouth, N.S., that left 26 men dead. The blast occurred May 9, 1992, at 5:18 a.m. Investigators later determined that a s…
Asian conference set for Singapore
The World Mining Congress is planning its “Investment potential in Asia” conference and exhibition for May 29-31 in Suntec City, Singapore. For more information, write IIR Singapore, Suite 08-03 Golde…
Work program at Gross Rosebel
Near the coast of Suriname, Golden Star Resources (TSE) and Cambior (TSE) have completed trenching and drilling on the Gross Rosebel gold prospect. The program, which cost US$3.7 million, was aimed at…
METALS COMMENTARY — Metals in period of consolidation
After rising almost non-stop throughout 1994, most metals are showing some signs of consolidating despite the fact that inventories are starting to decline slowly but steadily. Producers of most metal…
NEWS ROUNDUP — Nevsun drilling in western Mali
A second phase of drilling is under way at the Tabakoto gold concession in western Mali. Nevsun Resources (VSE) is drill-testing 1,000 metres of a 2,500-metre-long zone of mineralization marked by ext…
NEWS ROUNDUP — Osito to drill in Costa Rica
A 300-metre drill program is planned for the Turin property in Costa Rica. Owner Osito Ventures (VSE) plans to drill-test previously identified gold mineralization. Three epithermal vein systems have …
Metal prices boost Asarco earnings
Higher metal prices and reduced operating costs contributed to improved year-end results for Asarco (NYSE). Asarco earned US$64 million (or US$1.53 a share), compared with US$15.6 million (or US38 cen…
Arequipa’s Peru assets interest anonymous major
An unnamed “major international mining company” intends to earn a 60% interest in five of Arequipa Resources’ (VSE) copper porphyry prospects in Peru. (The major asked Arequipa not to disclose its ide…
OroGrande interested in Brazil
Alberta-listed OroGrande Resources, formerly known as Trev, intends to acquire an 80% interest in the Princeza gold mine property in Brazil’s Paraiba state. The junior will spend $3.3 million and make…