New massive sulphide zone at Balsam
A drill hole has intersected a massive sulphide zone at Saskatchewan’s Balsam project, 60 km southwest of Flin Flon, Man.The project is a joint venture of Troymin Resources (ASE) and Aur Resources (TS…
News
Patrician and JCI to form alliance
South African-based JCI intends to acquire up to a 20% interest in Patrician Gold Mines (ASE).The senior producer has signed a letter of intent to buy 2 million Patrician special warrants at 75 CENTS …
Casmynfinds gold in Zimbabwe
Seven new gold-bearing reefs have been found by Nevada-based Casmyn (USOTC) around the Turk mine in central Zimbabwe.The reefs cover a strike length of 240 metres, and drilling intercepted the gold mi…
Golden Knight tests prospect in Ghana
The first phase of reverse-circulation drilling has been completed on the Abore North zone at the Oda River concession in central Ghana.Forty-five holes, comprising 3,400 metres, tested a gold-mineral…
Transpacific tests zones in McGarry Twp.
Transpacific Resources (CDN) has encountered gold mineralization in two mineralized zones at its property in McGarry Twp., east of Kirkland Lake, Ont.One hole drilled in the property’s Instant Creek z…
Rea records loss, prepares for startup
During its first year of commercial production, the Mt. Hamilton mine near Ely, Nev., cranked out 30,850 oz. gold and 54,900 oz. silver for owner Rea Gold (TSE).For the year ended Dec. 31, 1995, the c…
Band-Ore prescribes pill to shareholders
High prices for its stock, combined with exploration success at its Thorne property west of Timmins, Ont., have prompted Band-Ore Resources (CDN) to propose a shareholder rights protection plan.Under …
Stellar to acquire Philippine ground
The Vancouver Stock Exchange has granted approval to Stellar Gold to acquire two nickel properties in the Philippines.The Palawan and Surigao properties contain about 187 million tonnes grading 1.4% n…
Companies (March 18, 1996)
Adex MiningAltavista MinesAmerican Res.Arbor Res.Attwood GoldAur ResourcesBaja GoldBand-Ore Res.Battle Mtn GoldBHPBHP MineralsBreakwater Res.CambiorCamecoCanarc Res.Cartaway Res.CasmynComincoCons…
Pioneer aims to reactivate Puffy Lake
Success eluded Pioneer Metals (TSE) the first time it attempted to bring the Puffy Lake mine to production. But, armed with a new operating plan, the company is taking steps to reactivate the former p…
Result will be continent’s fifth-largest gold producer — Hemlo joins Battle Mountain in latest merger
Merger mania appears to be gripping the mining industry. In addition to the proposed marriages of Diamond Fields (TSE) with Falconbridge (TSE) and Eldorado (TSE) with Gencor, two middle-tier North Ame…
Early work confirms grades at Santa Anna
Preliminary drill results from the Santa Anna gold property in northwestern Quebec indicate commercial grades.Altavista Mines (ME), which owns the project, began a 50-hole program of definition drilli…