Armada Gold boosts stake in Russian project
The Chita region of southeastern Russia continues to captivate Armada Gold (AAU.A-T).The company has completed a series of transactions that will increase to 85% from 66% its controlling equity in the…
News
Nevsun announces private placement
Nevsun Resources (NSU-T) has announced a private placement of up to 3 million special warrants at $10 each.Gross proceeds are expected to total $30 million, a portion of which will be used to develop …
LITERATURE REVIEW SPECIAL — NEWS ROUNDUP — Newmont adds ground near Rain
Newmont Gold (NGC-N) has bought Quest International Resources’ (QIX-T) stake in the Tess gold property in Elko Cty., Nev.The major will gain complete ownership of the 3.5-sq.-mile property, near the R…
Omax Resources expands holdings in Indonesia
One of several Australian-based juniors listed in Canada, Omax Resources (OXR-V), is assembling an extensive portfolio of properties in Indonesia and appointing new management to oversee exploration t…
LITERATURE REVIEW SPECIAL — Inco names Gendron president of VBN
Nickel giant Inco (N-T) has announced that longtime Inco executive A.S.Gendron has been appointed president of Voisey’s Bay Nickel Co. (VBN), a subsidiary.Gendron will lead a new team to develop the V…
LITERATURE REVIEW SPECIAL — Getchell ups gold resource for Turquoise Ridge deposit
With the headframe up and the hoist installed at the Turquoise Ridge gold project in northern Nevada, operators are turning their attention to sinking a ventilation shaft.Getchell Gold (GGO-X) chose t…
LITERATURE REVIEW SPECIAL — Dynacor explores Acari mine
A new mill is under construction at the Acari gold project in Peru, reports Dynacor Mines (DYN-M). The crushing circuit is being tested with a 50-ton bulk sample that will enable the company to estima…
ODDS’N’SODS — Scout’s honor
The local Boy Scout troop at Ontario’s Red Lake camp traditionally held their annual campout on a beach on the northern shore of Red Lake. The beach could be reached only by water, and had a reputatio…
Wheaton hits zone at Golden Bear
A wildcat hole on the Golden Bear property in northwestern British Columbia has returned a 4.6-metre intersection grading 7.9 grams gold per tonne, report partners Wheaton River Minerals (WRM-T) and N…
COMMENTARY — Ontario a world leader in mine safety
The Ontario Natural Resources Safety Association (ONRSA) is an organization that promotes health and safety in the forestry, mining, and pulp and paper communities through the delivery of programs and…
Correction (September 09, 1996)
In an article on the activities of TVI Pacific and Echo Bay Mines at the Kingking copper project in the Philippines (T.N.M., Sept. 2/96), the last sentence should have read: “The company plans to test…
PEOPLE — GHK RES.
Patrick Lawless appointed director and president; Locke Goldsmith appointed director.