Maintenance shuts down smelter
For two weeks in April, Kennecott will shut down its new smelter at Bingham Canyon, Utah.A replacement heat recovery system will be installed and repairs will be made to the acid plant. The company wi…
News
ECU acquires ground from William
ECU Gold Mining (ME) will acquire nine mining properties from William Resources (TSE) in exchange for 6 million ECU shares.The agreement requires ECU to invest $6 million in exploration, development a…
Virginia Gold Mines an exploration pioneer in northern Quebec
The Quebec government is encouraging mining companies to explore outside of the province’s traditional mining camps. Two associated juniors, Virginia Gold Mines (ME) and Explorations Diabior (ME), hav…
MacMillan Gold plans to buy rest of Mishi gold deposit
MacMillan Gold (TSE), which owns half of the Mishi Gold property in Ontario, will buy the remaining half from Granges (TSE).The 566-claim property is in the Mishibishu area, between Wawa and Marathon….
NDU placement to fund work at Marg property
A private placement of 2 million special warrants at $2 each will provide NDU Resources (VSE) with exploration funds for its Marg property in the Yukon.The special warrants convert to units which cons…
Pan African resumes drill program in Mali
CDN-listed Pan African Resources is returning for another round of drilling to define the extent of a gold zone discovered last year on the Dioulafoundou project in western Mali.In 1995, the company i…
Drills turn at Meadowbank gold project in N.W.T.
A 33,000-ft. drill program is under way at the Meadowbank gold project north of Baker Lake, N.W.T.Meadowbank, a 60-40 joint venture between Cumberland Resources (TSE) and Comaplex Minerals (TSE), host…
Companies (April 15, 1996)
Agnico-EagleAlta GoldAltavista MinesAltra VenturesAnglo AmericanArequipa Res.Ashanti GldfldsAshtn Mg of CdaBand-Ore Res.Barrick GoldBirim GldfldsBitterroot Res.Black PearlBlue EmeraldBolivar GldfldsBr…
Diamond sale benefits Hillsborough
The sale of 2.1 million shares of Canabrava Diamond (VSE) helped push Hillsborough Resources (TSE) into the black in 1995.The company earned $1 million, or 10 cents per share, after gaining $2.1 milli…
Golden Rule gets nod for its Komis gold project
Saskatchewan has granted Golden Rule Resources (TSE) a surface lease for the Komis property, from which gold is expected to pour in August.Komis, which lies 170 km northeast of La Ronge, hosts proven …
THE DIAMOND PAGE — More drilling possible at Arkansas park
Junior Texas Star Resources (VSE) should soon have federal approval to proceed with a diamond exploration project in the Crater of Diamonds State Park in Arkansas.Pending the approval, Texas Star and …
Geology students host Que. symposium
Graduate students in geology at the University of Quebec will present their ninth annual symposium on April 17.Entitled “Archean gold mineralization: Comparison with recent volcanic arcs,” the half-da…