Santa Fe to fund work on Radisson projects
A joint-venture agreement has been formed between the Canadian subsidiary of Santa Fe Pacific Gold (NYSE) and Radisson Mining Resources (ME) concerning three of the latter’s gold properties in northwe…
1996
BHP Minerals to earn stake in Stellar’s Palawan project
Stellar Gold (VSE) has agreed to allow BHP Minerals to earn up to a 70% interest in the Palawan project in the Philippines.BHP will be responsible for all costs during the prefeasibility stage. On com…
Thickest intersection yet at Eastern Deeps
The thickest massive sulphide intersection yet encountered at the Eastern Deeps area of the Voisey’s Bay nickel-copper-cobalt deposit in Labrador has prompted Diamond Fields Resources (TSE) to project…
Horne, Timmins head list of Hall of Fame inductees
One was born two years before Confederation; another is working in his office this morning. The eight men recently inducted into the Canadian Mining Hall of Fame span the history of Canadian mining an…
METALS COMMENTARY — Metals analyst provides little joy for silver buffs
Silver prices are not expected to improve over the short term, according to metals analyst Richard Hajdukiewicz, vice-president of commodities for J. Aron & Co, the commodities division of the investm…
Americomm Res. gains copper play in Lisbon Valley, Utah
Americomm Resources (OTC) recently acquired a copper prospect in the Lisbon Valley area in southeastern Utah.The property consists of 105 lode claims and two state leases near the Lisbon Valley copper…
ODDS’N’SODS — Time to Streamline
In December, 1995, the federal Standing Committee on Natural Resources tabled an interim report which examined mining issues and made specific recommendations to government. The committee was chaired …
Santa Catalina plans work in Mexico
With an option on the Pilar gold property in Mexico now in place, Santa Catalina Mining (VSE) is making exploration plans.The property lies 177 km southwest of Hermosillo in Sonora state, and Santa Ca…
Records set in 1995 for world gold markets
The latest update on the gold market by Gold Fields Mineral Services indicates that new records were established in 1995.On the demand side, fabrication and bar-hoarding accounted for some 3,550 tonne…
Cominco drills SW Gold’s Peruvian properties
Delayed by road construction, a 9-hole drill program is expected to begin later this month on the high-grade Accha zinc-lead property in Peru.Cominco (TSE) can earn an initial half interest in the pro…
BHP takes control of Magma
Having cleared the anti-trust hurdle with the U.S. government, BHP (NYSE) is proceeding with its merger with Magma Copper (NYSE).In early January, the Australian miner completed a tender offer for a m…
Summo hits copper at Champion
Drilling on the Champion property in Taos Cty., N.M., has turned up oxide copper values for Summo Minerals (VSE).Ten holes were drilled on a 150-by-200-ft. pattern, with the first seven holes returnin…