Queenston steps up Kirkland Lake program
The new joint venture of Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) has outlined an ambitious exploration program for its large land package near Kirkland Lake, Ont.Queenston’s president…
News
BASE METALS SPECIAL — Inco awaits study results for Goro nickel deposit in New Caledonia
By the end of 1996, Inco (N-T) expects to have received results of a study to determine the economics of developing the Goro nickel deposit on the South Pacific island of New Caledonia.Inco owns 85% o…
Collapse of copper price wreaks havoc on LME
The price of copper, already battered over the past month, plunged on the London Metal Exchange (LME) following revelations of a trading scandal at the giant metal trading company Sumitomo. The Japane…
Correction — Trio Gold
Trio Gold (TGK-A) is carrying out deep drilling at the Rodeo Creek property on Nevada’s Carlin trend. A recent story (T.N.M. June 3/96) contained incorrect information.
Noble Peak explores Barberton gold belt
Noble Peak Resources (NPK-A) has begun exploring its holdings in the Barberton greenstone belt in South Africa.The gold project includes 132 sq. km of exploration lands and 70 sq. km under option. The…
BASE METALS SPECIAL — Work resumes at Clinton property
During the next six months, New Goldcore Ventures (NGV-T) will spend at least $400,000 exploring its Clinton base metal property south of Lake Megantic in Quebec’s Eastern Townships.The program will t…
BASE METALS SPECIAL — Diadem plans more work at Pekan River
Diadem Resources (DIR-M) is exploring a new prospect at the Pekan River copper-nickel project in Newfoundland.The 5,000-hectare Lac Edgar property is 7 km southeast of the Pekan River property, which …
BASE METALS SPECIAL — Mar-West drills Eldorado play
A 5-hole drill program is under way at the Eldorado property, a volcanogenic massive sulphide target in the heart of the Yukon’s Finlayson Lake belt.The program was launched by Mar-West Resources (MSR…
CaribGold happy with trenching in Cuba
Initial trenching results from the South Elena gold prospect of CaribGold Resources (CG-T) have revealed impressive gold values.The discovery, situated in the Camaguey concession, has been traced over…
Metallica expands Cerro San Pedro
Junior Metallica Resources (MR-T) is expanding the limits of mineralization at the Cerro San Pedro gold-silver project in central Mexico.Based on a 1995 drill program and a subsequent prefeasibility s…
Franc-Or funds Guiana work
With a third and final private placement completed for $500,000, Franc-Or (FOR-T) has raised a total of $2.7 million to fund its gold-diamond projects in French Guiana.Chief among these is the 121.5-s…
Silver Tusk drills Indonesian target
An initial phase of drilling is planned for the Karya Bukit Utama gold-silver property, on the Indonesian island of Sumatra.Consolidated Silver Tusk Mines (CKT-V), which holds rights to an 80% interes…