Clone drilling now under way
Partners Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) have begun a 5,000-metre diamond drilling program at their Clone property in northwestern British Columbia.The program will test high-…
News
FMC Gold to break away from parent
FMC Gold (FGL-N) has been examining ways to separate itself from its parent company FMC Corp.FMC Gold’s board of directors approved a plan for re-incorporation, which would include a merger with an ex…
NWT diamond project gets nod from panel
Full approval for the NWT Diamonds project in the Lac de Gras area of the Northwest Territories is at hand for BHP Minerals and Dia Met Minerals (DMM-T).The Environmental Assessment Review Panel deter…
Southwestern, Teck sign Peruvian joint-venture deal
A joint-venture agreement covering 54 exploration concessions in the Rosario-Pichicane mineral belt in southern Peru has been signed by Southwestern Gold (SWG-T), Teck (TEK-T) and Cedimin.Southwest an…
Laguna Gold gains Rio Chiquito
Laguna Gold, a wholly owned subsidiary of Mallon Resources (MLRC-Q), has raised to 100% its interest in the Rio Chiquito gold property in north-central Costa Rica.The acquisition is the result of a me…
Corner Bay funds drill program
Proceeds of a rights offering will enable Corner Bay Minerals (BAY-T) to finance a 2-phase drill program on the San Martin oxide copper project in Chihuahua, Mexico.Under the rights offering, Corner B…
Silverspar directors face legal hearing
The British Columbia Securities Commission (BCSC) has issued a notice of hearing against several former directors of Silverspar Minerals (SLS-V).The commission outlined several allegations involving P…
COMMENTARY — Helping the Kuna Yala help themselves
Vancouver-based Western Keltic Mines (WKM) recently acquired five concessions in the Comarca de San Blas region of Panama, where a United Nations exploration program in the late 1960s revealed potenti…
Cambior a leading zinc producer in Quebec
Although production has already started, Cambior (CBJ-T) took time out recently to inaugurate the Gonzague Langlois zinc mine in northwestern Quebec.The celebration, which took place in a large tent e…
TSE SHORTS (July 01, 1996)
Short positions outstanding at June 15, 1996Larger individual positions included: Barrick Gold 8,936,790; Agnico-Eagle 399,194; Arequipa 137,000 Aur Resources 149,300; Bema Gold 4,276,777; Caledonia M…
Tri Origin starts financing plans for Lewis Ponds
Financing of the development of the Lewis Ponds deposit will be raised in Australia by way of a $16.4 million (Canadian) public offering of Tri Origin Australia, a wholly owned unit of Tri Origin Expl…
OBITUARY — Colin Spence
Colin Spence, former exploration manager with Rio Algom, has died. He was 65.Born in Kenya, Mr. Spence graduated from London’s Royal School of Mines in 1955 with a B.Sc. in mining geology before joini…