Caledonia acquires Namibian project
Already active elsewhere in Africa, Caledonia Mining (TSE) has been granted a licence by the government of Namibia to explore a land package near Walvis Bay.Sands grading 14.2% heavy minerals (chiefly…
News
Santa Elina firms up targets at Fazenda Nova gold property
A first round of drilling has returned encouraging gold values from targets being tested at the Fazenda Nova property in Brazil.Toronto-listed Santa Elina Gold carried out diamond drilling of 20 angle…
LABRADOR NEWS ROUNDUP — Tapestry, Portman prepare to drill
Partners Tapestry Ventures and Portman Explorations have received drill permits for two properties in the Voisey Bay area of Labrador.The Vancouver-listed juniors are assessing two previously reported…
Rupert plans drilling in Ungava
The base metal potential of the Cape Smith project in Quebec’s Ungava region has Rupert Resources (VSE) President Donald Moore champing at the bit to begin drilling.Rupert recently optioned a 75% inte…
Bolivar tests gold targets at concession in Venezuela
Exploratory drilling by Bolivar Goldfields (TSE) is testing the Loma prospect and other targets at the Nena gold project in the Chicanan district of Venezuela.The 2,000-hectare exploitation concession…
Santa Fe approves flotation circuit at Lone Tree
With construction of the Mule Canyon mine about to begin, Santa Fe Pacific Gold (NYSE) is planning to install a flotation circuit at its nearby Lone Tree mine that will benefit both Nevada gold projec…
Line Creek coal mine will expand
The Line Creek coal mine has received approval from the British Columbia government to expand to Horseshoe Ridge. The mine is about 18 km northeast of Sparwood.Line Creek Resources has been producing …
METALS COMMENTARY — Demand for steel stronger than usual
Driven by investor sentiments, metal markets remain jittery.On a month-over-month basis, inventory levels for almost all metals, on and off the world exchanges, continue to fall. And while a serious e…
Altavista looks for gold in northwestern Quebec
Having raised $1.5 million through an initial public offering, newly listed Altavista Mines (ME) is ready to explore and develop two gold properties in northwestern Quebec.The junior can acquire a 90%…
STOCK MARKETS — VSE suffers anti-climax over Voisey Bay results
Trading activity on the Vancouver Stock Exchange eased off somewhat as investors began paying more attention to the quality of work being done by juniors in Labrador. The initial excitement from the V…
Meetings (July 31, 1995)
MEETINGSAug. 8, AgincourtAug. 8, Big HornAug. 8, Davidson TisdaleAug. 8, Grand EmpireAug. 8, ParagonAug. 9, CrystallexAug. 9, EurusAug. 9, Redbird GoldAug. 10, Amarado Aug. 10, HeraAug. 10, IntOl Capr…
Golden Giant strike cuts Hemlo’s earnings
A drop in gold production has contributed to a 38% shortfall in earnings for Hemlo Gold Mines (TSE).For the first six months of 1995, Hemlo earned $23.4 million (or 23 cents a share) on revenue of $10…