Outokumpu goes underground
As part of an advanced exploration project to investigate the Montcalm nickel-copper deposit, Outokumpu Mines will drive a 2.5-km decline to confirm reserves and provide information for a possible pro…
News
Drilling at Bonnie Dundee prospect in Australia encourages Nord Pacific
Results from drilling at the Bonnie Dundee prospect in Australia are lending encouragement to Nord Pacific (NASDAQ).The deposit lies 20 km southwest of the company’s Girilambone copper mine in New Sou…
Madison signs up Placer Dome to explore Buracao gold property
An option agreement has been finalized, giving Placer Dome (TSE) the right to earn a 63% interest in the 18,000-hectare Buracao gold property in Tocantins state, Brazil.The deal requires Placer to spe…
New zone discovered at Bongara
Perseverance appears to be paying off for Solitario Resources (TSE) at its Bongara zinc project in northern Peru. After nearly a year of exploration and the delineation of an oxide zinc resource, the …
Diamond drilling at Koma Bangou hits gold in bedrock
Early results from the diamond drilling program on the Koma Bangou property in Niger indicate that gold mineralization extends beneath the saprolitic zone into the non-oxidized bedrock.The work comple…
NEWS IN BRIEF (November 13, 1995)
Cliff Resources (CFK:TSE) has changed its name to Mineral Resources (MIC:TSE).
Westmin drilling expands Wolverine
A vertically drilled stepout hole on the most westerly extension of the Wolverine zone has yielded a true thickness of 6.5 metres grading 5.34% zinc, 1.73% copper, 1.23% lead, as well as 3.07 grams go…
St. Andrew Goldfields boosts presence in Timmins camp
With several new deals in the works, St. Andrew Goldfields (TSE) has stepped up the pace of its activities in the prolific Timmins gold camp of Ontario.St. Andrew reached an agreement-in-principle wit…
FACTS & FIGURES — Gold use in coinage shows worldwide decline in 1995
The worldwide use of gold in coinage dropped 50% in 1994, down to 2.5 million oz. from 5 million oz. in 1993, according to Modern Gold Coinage 1994, an annual report released by The Gold Institute.Bas…
Index (November 13, 1995)
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Underground program starts at Blackdome
Underground development work is in progress at the Blackdome Mine property near Clinton, B.C.The work is being funded by Aurizon Mines (TSE) under an option agreement that enables the company to acqui…
PEOPLE — SUMMEX MINES (November 13, 1995)
John Torok appointed director.