Eastfield options ground to Prism
A joint-venture agreement with Eastfield Resources (VSE) gives Prism Resources (VSE) the right to earn a 50% interest in a group of properties in the Tonopah gold mining district of west-central Nevad…
1995
Armada to control Russian project
A series of agreements with its Russian joint-venture partner will give Armada Gold (ASE) an additional 17% interest in mineral licences in Russia.Armada’s Russian partner, Baleyzoloto, will sell 7% o…
Noranda doubles net earnings
A strong performance by both its mining and forestry divisions enabled Noranda (TSE) to more than double net earnings for the first six months of 1995, compared with the first half of 1994.The resourc…
Black Hawk pulls more gold at Hoyle Twp.
The second phase of drilling at the Hoyle Twp. project, 15 km east of Timmins, Ont., continues. Operator Black Hawk Mining (TSE) reports 1,734 metres of drilling is now complete in six holes.The new h…
Companies (August 28, 1995)
INDEXAberAdexAkiko GoldAltaAnvil RangeArgentina GoldArmadaAshtonAtna ResAurBaleyzolotoBand OreBarrick GoldBHP MinBirim GoldfieldBlack HawkBoliden ResCambiorCamnorCanadian Golden Dragon…
Hecla passes environmental grade, brings Grouse Creek on stream
At a time when environmental constraints are dissuading many North American mining companies from carrying out work at home, it is reassuring to see an operation overcome these obstacles and reach pro…
Spill shuts down the Omai gold mine
The Omai gold mine in north-central Guyana was shut down when it was discovered that effluent had seeped through the tailings dam and into the Omai River.The market took instant notice of the spill. S…
PEOPLE — BANFF RES. (August 28, 1995)
Al-Nashir Jamal appointed director and chairman; Louie Mikulic appointed president and director; Allan Beaton appointed director and vice-president of mining; Hans Schwabl appointed director and vice-…
TSE indices
— 1995 — Aug 22Aug 21Aug 18Aug 17Aug 16 High LowComposite”300″4601.684608.304619.924620.174608.384718.273983.34Metals&Minerals5239.345252.775222.305241.395106.885276.123273.56I…
Getchell and Teck drilling Rainbow
Drills are turning again on the Rainbow joint venture near Kamloops, B.C.Partners Getchell Resources (VSE) and Teck (TSE), which own 30% and 70%, respectively, are carrying out this second phase of wo…
Hecla and Santa Fe in JV near Republic
Santa Fe Pacific Gold (NYSE) can earn a 70% interest in the Golden Eagle deposit from Hecla Mining (NYSE).To do so, the former must spend $7.5 million over three years exploring the deposit, which is …
JAG produces gold from Belleterre
Persistence has paid off for one junior exploration company in western Quebec. Initial development of the Aubelle deposit by JAG Mines (ME) has yielded 1,300 tonnes of development ore.After processing…