Orvana to drill Butte Highlands
Drilling is expected to begin in May on the Butte Highlands property in Montana. Orvana Minerals (TSE) is planning a 25,000-ft. program, including infill drilling on the Nevin Hill resource, as well a…
News
Equity financing nets William $29m
Toronto-listed William Resources has closed a special warrant equity financing with an underwriting group that will enable it to begin taking over Australian-based Valdora Minerals.The financing consi…
PEOPLE — SUMMO MINERALS
Mark Hellerstein appointed chairman; Frank Shanley appointed director.
Triton attempts to expand Limon gold mine
At its 95%-owned Limon operation in Nicaragua, Triton Mining (TSE) is carrying out definition drilling to prove up a 490,000-oz. gold resource in the Santa Emilia vein system.Four rigs will be used to…
Ruby Hill mine gets green light
Homestake Mining (NYSE) will develop its Ruby Hill property in central Nevada, having set aside US$65 million in funding for the West Archimedes deposit.A feasibility study has determined a proven res…
River to mine Edwards deposit
River Gold Mines (TSE) will mine the Edwards gold deposit northeast of Wawa, Ont., and owner VenCan Gold will retain a carried interest.The former has budgeted $3 million for underground development, …
COMMENTARY — Harcourt was a mixed blessing
Word of Michael Harcourt’s resignation as premier of British Columbia has generated some mixed feelings within the province’s mining community.It was Harcourt’s New Democratic Party (NDP) government t…
PEOPLE — ANTHIAN (February 19, 1996)
Marvin Mitchell appointed director.
PEOPLE — INT’L FREEGOLD (February 19, 1996)
Colin Bird appointed director.
Knuckey to speak at joint meeting
The president and chief executive officer of Noranda Mining & Exploration will discuss his company’s projects at a joint meeting, on March 13, of the Canadian Institute of Mining, Metallurgy & Petrole…
PEOPLE — FALCONBRIDGE (February 19, 1996)
Jack Cockwell and Mary Mogford appointed directors.
Financing (February 19, 1996)
Campbell Resources — 18,000,000 Units each consisting of one Common Sh and one-half of Common Sh Purchase Wt @US$1.25 per Unit.Loki Gold — 11,200,000 Common Shs to be issued upon the exercise of 11,…