Hecla, Santa Fe to develop Rosebud deposit
Two American majors plan jointly to develop Rosebud, a high-grade, underground gold deposit 50 miles west of Winnemucca, Nev.Hecla Mining (HL-N) and Santa Fe Pacific Gold (GLD-N) will form a 50-50 joi…
News
THE DIAMOND PAGE — Nora Exploration acquires ground in Ghana
Already a force in gold and diamond exploration in Ghana, Nora Exploration (NXI-M) has acquired the 28-sq.-km Pramkese concession there.The property is immediately south of Nora’s Kade concession, alo…
Drilling turns up copper, gold
Drilling at the Samarskoye project, 40 miles north of Karaganda in central Kazakhstan, continues to deliver copper-gold values for Kazakhstan Minerals (KMC-T).Five rigs are drilling off a large porphy…
South Atlantic submits proposals for African copper-cobalt projects
South Atlantic Diamonds (SCQ-V) is expanding beyond its portfolio of Brazilian diamond assets by acquiring several copper-cobalt projects in south-central Africa.The junior has submitted applications …
THE DIAMOND PAGE — Processing of Diavik sample continues
Partners Kennecott Canada and Aber Resources (ABZ-T) are advancing their Diavik diamond project in the Northwest Territories.The processing to date of 1,150 tonnes of a 3,000-tonne bulk sample from th…
Correction (June 10, 1996)
In our June 3 issue, a report on BYG Natural Resources (BYG-T) included a photo of the past-producing Skukum gold mine and mill in the Yukon. The mine was erroneously identified as Mt. Nansen.
NEVADA SPECIAL — Coeur’s Rochester reaches milestone
The 10-year-old Rochester mine is the largest primary silver producer in Nevada’s history, having just passed a production milestone of 50 million oz.The mine, operated by Coeur d’Alene Mines (CDE-N),…
NEVADA SPECIAL — Construction under way at Pipeline
The current exploration boom in Nevada owes much to the discovery of the Pipeline gold deposit 100 km southwest of Elko.The discovery prompted a flurry of exploration activity in the region, besides b…
NEVADA SPECIAL — Nevada mine key to Granges’ growth
The Hycroft open-pit, heap-leach mine, 60 miles west of Winnemucca in northwestern Nevada, is key to the growth strategy of Granges (GXL-T).The company’s mission is to find, acquire, develop and opera…
DIAMOND PAGE — Namco sizes up sea-floor diamond assets
An independent evaluation of the Koichab sea-floor diamond prospect of Namco (NMR-V) has been released.A consulting firm reports an inferred resource of 2.4 million carats in a 3.85-sq.-km portion of …
Toronto Stock Exchange Indices (June 03, 1996)
1996 May 28May 27May 24May 23May 22HighLowComposite”300″5219.315235.535229.855223.155239.865248.373983.34 .Metals&Minerals5390.585411.025397.175388.775436.035635.253273.56 .Integr…
NDT to drill in Labrador
Approval to drill Target 44, situated adjacent to Nain, Labrador, is near at hand, following a recent plebiscite.Residents of the town voted 64% in favor of allowing drilling to proceed, and formal ap…