Auriginor buys Voisey’s Bay interests
Montreal-listed Auriginor Exploration has acquired a 32% share of eight claim blocks from Palace Explorations (ME) in the Voisey’s Bay and Harp Lake regions of Newfoundland.To earn its interest in the…
News
Nord Pacific finds copper, gold in PNG
Exploration of copper and gold prospects near Papua New Guinea are paying off for Australian-based Nord Pacific (NASDAQ).On Simberi Island, bulldozer trenching at the Sorowar prospect discovered gold-…
EDITORIAL PAGE — What goes around, comes around
Copper producers have enjoyed robust prices of late, and though prices may weaken with an increase in supply, the long-term outlook for demand remains bullish.Many producers of the red metal have bene…
Golden Shamrock to up production in Ghana
Despite a decrease in production and an increase in cash costs over the past year, Golden Shamrock Mine (TSE) is looking to turn its operations around in 1996.Production at the Iduapriem gold mine in …
Claude drilling on Saskatchewan and Manitoba property
Claude Resources (ASE), Saskatchewan’s largest gold producer, is beginning underground diamond drilling at its Seabee gold mine, on the property surrounding it and on a newly acquired property in Mani…
Canarc Resource resumes drilling on Guyanese property
Drilling has resumed at the Baramita property in northwestern Guyana.The property is held under a joint-venture agreement between Canarc Resource (TSE) and Echo Bay Mines (TSE). The latter invested US…
Diadem focuses on base metal play
In Newfoundland, drills are turning on the Pekan River property of Diadem Resources (ME).The property, which straddles the Quebec-Newfoundland border 50 km south of Wabush, Nfld., covers a copper-nick…
Dakota reports drill results at Stibnite
Results from drilling carried out in autumn, 1995, at the Stibnite gold mine in Idaho are sufficiently encouraging that follow-up drilling is planned.Dakota Mining (TSE) drilled 24 reverse-circulation…
Coeur d’Alene to build Alaskan mine
Coeur d’Alene Mines and a consortium of native groups have entered an agreement to construct and operate the Kensington gold mine in southeast Alaska.The three native corporations, Goldbelt, Kake Trib…
Correction (February 26, 1996)
A preliminary resource estimate for the main prospect on the Kubi concession in Ghana, 90% of which is held by Nevsun Resources (VSE), is projected at 500,000 contained ounces, not 1.5 million oz. as …
Da Capo expands Bolivian holdings
Consistent with its efforts to develop bulk-tonnage gold projects in Bolivia, Da Capo Resources (VSE) has acquired a 49% interest in the San Gerardo property.Teck (TSE) is funding drilling under an ag…
Index (February 26, 1996)
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