NovaGold Res. restructures loan
An agreement has been reached between Nova Gold Resources (TSE) and its banker, National Bank of Canada, that will allow the former to restructure a $1.9-million loan.The loan was incurred by NovaGold…
News
Laminco tests Luz del Cobre
Junior Laminco Resources (TSE) is set to proceed with hydrogeological tests on the Luz del Cobre copper deposit at its San Antonio project in Mexico’s Sonora state.Plans for developing Luz del Cobre a…
Fischer-Watt boosts output in Colombia
Gold production at the Oronorte project in Colombia topped 1,045 oz. in October, well above the average monthly figure of 611 oz.All production came from the Limon underground mine, where high-grade o…
Southeast zone drilling adds to potential of Busang
Few exploration plays have attracted as much speculative interest this year as the Busang bulk-tonnage gold project operated by Bre-X Minerals (ASE) in the Indonesian province of East Kalimantan.The c…
Diamond Fields hits massive sulphides at Eastern Deeps area
The Eastern Deeps of Voisey Bay may be less accessible than the near-surface ovoid zone, but the mineralization now appears to be equally rich.Diamond Fields Resources (TSE) has passed the 200 mark in…
GREATEST VALUE TRADED, NOV. 15-21 (November 27, 1995)
Value($000s)HighLowCloseChange Barrick Gold T141077$35 1/833 3/835+1 1/2Placer Dome T113431$33 1/831 1/232 5/8+7/8BRE-X Mnrl A110167$5543 1/853+3 1/8Inco Ltd T94578$50 46 …
Stormy weather stalls CSR drilling
Due to “extremely severe” weather conditions, the Canadian States Resources (CDN) drill crew working 80 km northwest of Voisey Bay has discontinued drilling.The company plans to resume drilling as soo…
Patrician reports bright results from African projects
Exploration results from its African projects continue to foster optimism for Patrician Gold Mines (ASE).The bulk of the work, comprising geochemical sampling and airborne surveys, was carried out on …
Virginia, Diabior find additional gold
A third gold discovery has been made on the Eastmain West property of Virginia Gold Mines (ME) and Diabior Explorations (ME), about 250 km northeast of Matagami, Que.An induced-polarization (IP) anoma…
Strike active in Horwood Twp.
Companies continue to acquire interests in the Horwood Twp. area, 95 km southwest of Timmins, Ont., following the discovery of a surface gold showing by Morgain Minerals (VSE).An option on a 6.9-sq.-k…
Gold symposium planned for Peru in 1996
The success of the first gold symposium has prompted the gold committee of Peru’s National Mining and Petroleum Society to organize a second international gold symposium.The conference and exhibition …
Base metals found in Matagami, Que.
Two parallel, mineralized horizons have been identified on the Matagami, Que., base-metal property of Southern Africa Minerals (TSE) and BHP Minerals Canada.Between August and October, five holes, tot…