Magna acquires base metal prospect
“Santa Eulalia-type” massive sulphide mineralization will be the target of exploration work by Consolidated Magna Ventures (CMV-V) at a newly acquired base metal prospect in Mexico’s Chihuahua state.S…
News
THE GLOBAL SEARCH FOR GOLD SPECIAL — Atlanta and Voisey Bay plan joint venture in Indonesia
Junior companies Atlanta Gold (AAG-T) and Voisey Bay Resources (VSY-V) plan to form a joint venture with Bermuda-based Indotan to acquire, explore and develop nine properties in Kalimantan, Indonesia….
Anvil’s Faro pays off in earnings
Increased production at the Faro mine in the Yukon has contributed a profitable third quarter for Anvil Range Mining (ARO-T).The zinc-lead producer generated revenue of $54.9 million and earnings of $…
Inmet Mining drilling to prove up Akie claims
Working under the assumption that sedimentary-exhalative massive sulphide deposits are typically large, Inmet Mining (IMN-T) is drilling the Akie claims in north-central British Columbia. Its goal: to…
THE DIAMOND PAGE — Sampling proceeds on Aber’s A-418 pipe
A decline driven into the A-418 pipe at the Diavik diamond project in the Lac de Gras area of the Northwest Territories has encountered kimberlite much sooner than anticipated.The 529-metre-long decli…
PEOPLE — MONTORO RES.
Juergen Preuss appointed director.
Nugget Pond financing arranged
To complete financing of the Nugget Pond gold mine, Richmont Mines (RIC-T) has arranged a $12-million loan and a $2-million line of credit with the National Bank of Canada.The financing will provide s…
Rainbow drilling at Copper Prince
Although drill results from the Copper Prince property of Rainbow Petroleum (RBP-A) are less than satisfactory, the company believes things will improve at depth.Rainbow is drill-testing a major shear…
STOCK MARKETS — Junior issues soar on Vancouver market
The Vancouver Stock Exchange rose 63.97 points over the report period ended Aug. 20, to finish at 1,198.03, while the resource index leaped 273.1 points to close at 2,429.96.The latest drill results f…
Euro-Nevada buys into Aussie mine
Royalty company Euro-Nevada Mining (EN-T) has paid A$7 million for a 20% interest in the New Celebration gold mine, which lies in the heart of Australia’s Kalgoorlie-Kambalda gold camps.The mine, incl…
NEWS IN BRIEF (August 26, 1996)
Adastral Resources (ASA-V) has changed its name to Diagem International Resource (DGM-V) with an increase in capital to 100 million from 10 million shares.
Dispute puts spotlight on Zaire’s mineral wealth
Despite lingering controversy over the right of Consolidated Eurocan Ventures (KEU-T) to develop a giant copper-cobalt resource in Zaire, the junior is proceeding with financing for the project.To rai…