Daisy mine on track for 1997
Preparations for production are under way at the Daisy gold mine in Nevada.Inter-Rock Gold (IRO-T) reports that its mining contractor is constructing haul roads and lining the leach pads for the open-…
News
Gross Rosebel expands by one-quarter
Drilling at the Gross Rosebel project in Suriname has led to a 25% increase in proven and probable reserves.Partners Cambior (CBJ-T) and Golden Star Resources (GSC-T) report that the figure now stands…
NEWS ROUNDUP — Goldcorp, Minorca team in Indonesia
Goldcorp (G-TSE) and Minorca Resources (MAR-T) will jointly explore properties in Indonesia.An agreement gives Goldcorp the right of first refusal for up to half of any Indonesian property acquired by…
Joe Mann’s reserves on the rise
The Joe Mann mine, 40 miles south of here, has taken fortune’s buffets and rewards over its 40-year career. Now, under the management of Campbell Resources (CCH-T), it has enjoyed almost a decade of s…
NEWS IN BRIEF (October 07, 1996)
Consolidated Ramrod Gold (CYN-T) has changed its name to Quest International (QIX-T) (QIXXF-Q).
Bre-X may sell all or part of Busang
Following consultation with Republic National Bank of New York and J.P.Morgan & Co., Bre-X Minerals (BXM-T) may be willing to sell part or all of its Busang deposit in Indonesia.Bre-X announced it wou…
Richmont ups Francoeur reserves
Underground exploration has expanded reserves at the Francoeur gold mine in northwestern Quebec.Mine owner Richmont Mines (RIC-T) says the $1.05-million drifting and drilling program added 276,000 ton…
Caldera Resources encouraged by Abminga drilling
One hurdle has been cleared by Caldera Resources (CDR-M) in its program of anomaly investigation at the Abminga diamond exploration project in southern Australia,The company has been drilling magnetic…
Granges, Da Capo pool their resources
Vancouver-based Da Capo Resource (DCX-V) and Denver-based Granges (GXL-T) will amalgamate under the name Vista Gold.The boards of directors of both companies unanimously approved the agreement, which …
NEWS IN BRIEF — Montello eyes Alberta anomalies
Geochemical and ground magnetic surveys have identified nine potential kimberlite targets on the Troymin property near Hinton, Alta.The 215,000-acre property is held 50% by Montello Resources (MEO-A),…
NEWS ROUNDUP — Barrick drops Cerro Corona play
The Cerro Corona gold-copper project in Peru is no longer of interest to Barrick Gold (ABX-T).The major has decided not to proceed with development, citing its inability to establish a deposit of sati…
NEWS ROUNDUP — Greenstone takes all of La Libertad
Following its acquisition of the remaining interest in Nicaragua’s Libertad concessions, Toronto-based Greenstone Resources (GRE-T) now has full ownership of the projects it operates.In exchange for c…