Diadem, Ateba merge properties
The owners of two adjacent base-metal properties straddling the Quebec-Labrador border have agreed to merge the holdings into one large property.The two companies, Ateba Mines (ASE) and Diadem Resourc…
News
Emperor looks to revive former California gold producer
Except for a concrete silo and some old foundations, little is left of the huge Idaho-Maryland mining complex, 2.5 miles east of this small town in California’s Nevada Cty.But if Emperor Gold (VSE) ha…
Inco eyes new nickel projects
Bullish about the outlook for the world nickel market, Inco (TSE) will expand current operations and develop new projects at home and abroad.In 1996, the company expects to produce 430 million lb. of …
PEOPLE –GEOMAQUE
Jon Morda appointed vice-president and chief financial officer.
Barrick buys into Carlin gold property
Barrick Gold (TSE) has acquired privately owned High Desert Mineral Resources, which holds a 40% interest in the High Desert property in Nevada’s Carlin Trend.Newmont Gold (NYSE), operator of the prop…
PEOPLE –PERUVIAN GOLD
Peter Guest appointed director.
EMN drills Quebec targets
Montreal-listed Explorations Minieres du Nord (EMN) has identified four gold-bearing structures on its property in Barry Twp., Que.The property, which is 100 km east of Lebel-sur-Quevillon, consists o…
Campbell Res. expands at Santa Gertrudis
An additional 71 sq. km have been added to the land package at the Santa Gertrudis property in Sonora state, Mexico, giving owner Campbell Resources (TSE) a total holding of 199 sq. km.About half the …
Exploration extends gold zone at Red Lake
Exploratory drilling at the Red Lake mine in northwestern Ontario indicates that the size of the mine’s high-grade gold zone is larger than earlier forecast, says owner Goldcorp (TSE).Three holes sugg…
Production delays for Geomaque
Production delays have forced Geomaque Explorations (TSE) to lower its gold production forecast for the San Francisco mine.The mine, situated in Mexico’s Sonora state, was expected to produce 6,000 oz…
STOCK MARKETS — TSE posts record high as resource stocks rally
Strength in the resource stocks helped push the Toronto Stock Exchange composite index to record highs on Dec. 4 and 5. The TSE 300 finished the 5-day report period at 4,722.53, up 48.35 points from t…
Lysander nets gold at Brazil’s Passagem
It was first time lucky for Lysander Gold (VSE) when the junior intersected 2.39 metres grading 19.05 grams gold per tonne in its first drill hole on the Passagem property in Brazil.The drilling was a…