New mining plans for Keely Frontier
Plans to rework the old Keely Frontier mine in northeastern Ontario for its cobalt are in the works. Transway Capital (CDN) has entered into an agreement with Sassoon Metals of Switzerland to raise $5…
1995
Noranda funds work in Panama
Reconnaissance silt sampling is set to resume on the Rio Veraguas and Guayabal concessions of Western Keltic Mines (VSE) in Panama. Noranda (TSE) will provide $75,000 towards a $105,000 program aimed …
NEWS ROUNDUP — KRL explores ground in Ontario
Junior KRL Resources (VSE) has begun exploring two Ontario projects. In the Shining Tree area, the junior is drilling three or four large-diameter boreholes under the main showing of the Cooke gold zo…
Expatriate exploring Canalask property
Beginning in March, a 3,000-metre drill program will further test nickel-copper-cobalt mineralization at the Canalask property in southwestern Yukon. Junior Expatriate Resources (VSE) recently tested …
Sharpe, Freewest cut sulphides
Partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) are encouraged by results of the second hole drilled on their Bend massive sulphide deposit in Wisconsin. Hole B94-18, whic…
Black Hawk to acquire copper-gold deposit
Toronto-based Black Hawk Mining (TSE) will acquire Boliden Resources’ interest in the Bald Mountain copper-gold property in Maine. The purchase price is US$2 million and a 2% net smelter return (NSR) …
Musto work progressing at Bajo de la Alumbrera
Development of the Bajo de la Alumbrera copper-gold deposit in northwestern Argentina continues to proceed on schedule. The project is a 50-50 joint venture between International Musto Explorations (T…
Fort Knox drill program tests Ontario property
A recent drill program by Fort Knox Gold Resources (TSE) has intersected additional sulphide mineralization at the company’s base metal property in Ontario’s Fawcett Twp. In one program, two short hol…
DIAMOND NEWS ROUNDUP — Bulk sample results in from Kahama
Results were released by Serengeti Diamonds (VSE) from a 300-tonne bulk-sampling program on the southern portion of the company’s mining claims at Kahama, Tanzania. The Toronto-based junior is earning…
Study calls for for production at Nixon Fork
An updated feasibility study gives the thumbs-up to the Nixon Fork gold project in west-central Alaska. Consisting of a 60,000-oz.-per-year underground mine and a gravity-flotation mill, Nixon Fork is…
NEWS ROUNDUP — Pathfinder jumps for Joy
In addition to acquiring a listing on the Vancouver Stock Exchange, Pathfinder Resources has begun exploring the Joy copper-zinc property near Red Lake, Ont. The junior can earn a 25% stake in the pro…
Summo sizes up Lisbon Valley
A feasibility study is under way on the Lisbon Valley copper project in southeastern Utah. Summo Minerals (VSE) has enlisted Salt Lake City-based Roberts & Schaefer to determine the economics of an op…