Agnico ups stake in Sudbury
Following completion of a private placement of flow-through shares, Agnico-Eagle Mines’ (AGE-T) direct stake in Sudbury Contact Mines (SUD-T) will increase to 38.9% from 30.5%.The placement of 1.3 mil…
News
Kilo cancels release of its assay results
Management of Kilo Gold Mines (KGD-A) has abandoned plans to release assay results on concentrates from its Johnson Valley gold project in California.The company says the owner of the recovery system …
Pacific Bay begins Yukon program
Field crews have begun follow-up work on geophysical features identified by an airborne survey over the holdings of Pacific Bay Minerals (PBM-V) in the Finlayson-Wolverine Lake-area in south-central Y…
Young-Shannon funds program
Armed with funds from a private placement, Young-Shannon Gold Mines (YSG-V) intends to carry out surface and underground development work at its claim block in Chester Twp., near Timmins, Ont.Diamond …
Platinova makes zinc discovery in Greenland
Drilling by Platinova A/S (PAS-T) on its Peary Land project in northeastern Greenland has resulted in the discovery of a new zone of zinc mineralization.The structure lies between a group of surface s…
Agate Bay, partner drilling at Pachina
Partners Agate Bay Resources (ABE-V) and Demand Gold (DOT-V) have drilled six reverse-circulation holes at the Pachina prospect in Chile.The property covers widespread copper-gold showings within a ge…
EDITORIAL PAGE — Metals demand in the next century
Before the discovery of the Voisey’s Bay deposit in Labrador, nickel was not a common exploration target of junior companies. Now it appears to be one of the most sought-after metals in the world, wit…
Sadiola mine to pour gold by year-end
The Sadiola Hill mine in Mali is 75% complete and is expected to pour its first gold by the end of 1996.”Even at this early stage in its development, Sadiola will rank amongst the top 25 gold mines in…
Nevsun cuts high-grade gold at Tabakoto
As part of an ongoing drill program at the Tabakoto gold project in the Kenieba region of western Mali, 90% owner Nevsun Resources (NSU-T) has announced drill results from 16 holes.Further testing alo…
Armada merger with Nescor gets nod
Shareholders of Armada Gold (AAU-A) voted in favor of a merger with Robert Friedland’s private company, Nescor.Friedland was elected co-chairman at Armada’s recent annual meeting, joining incumbent bo…
Junior and major team up in Guyana
The government of Guyana has signed an agreement of intent with two mining companies interested in the country’s gold potential.Under the agreement, Placer Dome (PDG-T) will explore prospective proper…
Dia Met mum on target location
Dia Met Minerals (DMM-T) has identified more than 80 geophysical targets in areas marked by anomalous diamond indicator minerals. But the company says it will not disclose the location of the targets …