Queenstake plans programs in Peru
Mapping and sampling will be carried out at the Peruvian properties of Queenstake Resources (TSE).The work is intended to define drill targets at the Chupaca and Olleros properties in an effort to def…
News
PEOPLE — SUNSTATE
John Arlitt appointed director.
PEOPLE — SULLIDEN
Jacques Trottier appointed president; Guy Hebert and Jean Rainville ap- pointed directors.
PEOPLE — RILEY RES. (February 26, 1996)
Carl Huston appointed director.
PEOPLE — PATHFINDER
Richard Atkinson, James Morton and Siegfried Muessig appointed directors.
Battle Mountain reports record gold output
A strong fourth quarter and record gold production led Battle Mountain Gold (NYSE) to post net income for 1995.After quarterly dividends, Battle Mountain earned US$512,000 (or 1 cents per share) durin…
Resource at Busang climbs to 15 million oz.
Bre-X Minerals (ASE) has released the much-anticipated resource calculation for a portion of the Southeast zone at the Busang gold project in East Kalimantan, Indonesia.Based on a cutoff grade of 0.75…
Sierra Nevada returns strong values
Drilling on the Promontorio property in Mexico’s Chihuahua state is returning encouraging values for Sierra Nevada Gold (VSE).The third hole, drilled on the Veta Grande zone, returned an 82-ft. inters…
Randgold Group subsidiary funding exploration work in West Africa
The international exploration arm of South African-based Randgold Group has completed a private placement to fund exploration and assist its transformation into a publicly traded company.Randgold Reso…
SX-EW copper rises to record levels
Cathode copper produced by solvent extraction electrowinning (SX-EW) exceeded 1 million tonnes in 1995 and will rise to 2.3 million tonnes by the year 2000, representing about 20% of refined productio…
Yamana gains ground in Chile’s El Indio belt
Yamana Resources (TSE) has signed option agreements covering 13,200 hectares in the Chilean mineral belt known as El Indio.The company can acquire four gold exploration properties for US$235,000, paya…
Greenstone adopts rights protection plan
The board of directors at Greenstone Resources (TSE) has adopted a shareholders’ rights plan to encourage what it refers to as the fair treatment of its shareholders in connection with any takeover of…