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…
News
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…
PCS reaches safety landmark
The Potash Corporation of Saskatchewan’s New Brunswick division reached a safety milestone after working 1 million hours without a lost-time accident, a first in the province’s mining industry.Three-h…
Golden Queen ups reserves at Soledad
Drilling at the Soledad Mountain project near Mojave, Calif., has boosted proven and probable reserves to 27.8 million tons grading 0.025 oz. gold and 0.42 oz. silver per ton.Golden Queen Mining (TSE)…
Globex and Royalstar terminate proposed Tonkin Springs deal
Based on results of a preliminary review, Globex Mining Enterprises (ME) has decided not to pursue plans to acquire Royalstar Resources’ (TSE) controlling interest in Gold Capital (NASDAQ).Gold Capita…
Jonpol, H-L explore property near Busang
Indonesian authorities have granted approval for partners H-L Corp. (CDN) and Jonpol Explorations (TSE) to begin exploring two claim blocks in East Kalimantan.The blocks comprise 1,047 hectares within…
Wheaton raises funds for exploration
Wheaton River Minerals (TSE) has raised almost $5 million in a private placement, which it will apply to exploration and development at its Golden Bear and Ketza River projects in British Columbia.Whe…