Ghana to host mining exhibition
Mining equipment companies from various countries are preparing to head to Ghana to explore opportunities being presented by that country’s resurgent mining industry.The focus of their attention is th…
News
More work planned for Ileninga Lake
With positive 1995 results in hand, Inco (TSE) is pressing on with exploration of the Ileninga Lake massive sulphide property in the Northwest Territories.Last year, the nickel giant acquired an optio…
Drills turn at Indo-Pacific’s Kavola
Drills are testing epithermal gold mineralization at the Kavola property of Indo-Pacific Resources (ASE) on the island of New Britain, part of Papua New Guinea.Five mineralizaed zones are known to exi…
Sirios hits zinc, gold in Quebec
Drilling on its Escale property in north-central Quebec, Sirios Resources (ME) has discovered both gold and zinc mineralization.Mineralized iron formations with pyrrhotite, arsenopyrite and pyrite wer…
Corriente options Brazilian ground
A joint-venture agreement with Mountain Lake Resources (VSE) gives Corriente Resources (VSE) the right to earn a 51% interest in the 800-hectare Tesoureiro project in Brazil’s Minas Gerais state.The p…
No Headline (March 11, 1996)
Adrian Resources (TSE) estimates that the Petaquilla project in Panama could produce substantial amounts of copper and gold for at least 38 years.Assuming a daily throughput of 12,000 tonnes, the open…
Geomaque expands Mexican holdings
With the San Francisco mine pouring gold in Sonora state, Geomaque Explorations (TSE) has added to its Mexican holdings by optioning a gold-silver property in the Pachuca district of Hidalgo state, 10…
EDITORIAL PAGE — London’s hot bullion market
London has served as a major crossroads of bullion trading for more than three centuries. The oldest member of the market, the Mocatta Group, traces its history back to 1671. The Bank of England, whic…
Northgate reports high income for ’95
The settlement of an arbitration hearing and the sale of subsidiary NorthWest Gold have enabled Northgate Exploration (TSE) to post its best financial results since 1989.In 1995, Northgate earned $7.2…
Atlas, MSV to merge assets
Two companies with existing mines in North America have decided to join forces to create a growth-oriented company that would produce about 200,000 oz. gold by 1998.Atlas (NYSE), a Nevada-based gold p…
William prepares to pour gold at Velardena project
Within a few short weeks, William Resources (TSE) will begin pouring gold from a mine that has a long and sporadic production history.Situated in Mexico’s Durango state, the Velardena project is, in m…
STOCK MARKETS — Western markets shine despite lacklustre gold
A drop in gold prices to US$394 per oz. had little effect on western markets over the report period ended March 5.The Vancouver Stock Exchange resource index tacked on more than 55 points, finishing a…