Lorraine play returns copper for Lysander
Additional drill results from the Lorraine property in central British Columbia have returned encouraging copper intersections for Lysander Gold (VSE).Lysander owns the property, subject to a 60% back…
News
Hecla experiences reversal
Disappointed with drill results, Hecla Mining (NYSE) has dropped its option on the Fortuna project in Mexico’s Sonora state.The company had the right to earn a 60% interest in the silver-gold project …
COMMENTARY — A not-so-Superfund
The Superfund program in the U.S. has been under fire for some time, and the heat may be turned up in a new book that is expected to be published in 1996.The manuscript, tentatively titled Moving Yard…
Northgate sells NorthWest Gold
Toronto-based Northgate Exploration (TSE) has sold wholly owned subsidiary NorthWest Gold to Kinloch Holdings. NorthWest’s only asset is a 42% interest in Sonora Gold (TSE).Northgate will be relieved …
Placer to start work
Diamond drilling is set to begin on the Goldboro property of Orex Exploration (ME) in Guysborough Cty, N.S. Option and joint-venture agreements between Orex and Placer Dome (TSE) are conditional on th…
Feasibility completed for Greater Lenora’s Goldfields
Final feasibility work on the Goldfields project, near Uranium City, Sask., suggests that production from the project’s Box and Athona deposits will have an operating cost of US$212 per oz.Owner Great…
Partners drill holes at Whistle Lake
Partners Cumberland Resources (TSE) and International Vestor Resources (VSE) have drilled four holes in a 3,390-ft. program on the Whistle Lake polymetallic property north of Thunder Bay, Ont.The prop…
EDITORIAL PAGE — Sustaining the growth
Canadian exploration spending is on the rise, but before our politicians get too excited and start taking credit for the turnaround, it should be pointed out that this surge in spending probably has m…
Summo hopes to prove copper play is a champ
Drilling will soon begin at the Champion copper oxide property in Taos Cty., N.M.Summo Minerals (VSE) plans to complete a 12-hole program of reverse-circulation drilling to test an area around, and al…
Ascot hits gold near Harp Lake
Exploration work in the Harp Lake area of Labrador has turned up gold mineralization for Ascot Resources (VSE).The company made the discovery within a diorite sill on its wholly owned claims near Shap…
MIM backs out of joint venture
MIM Holdings has informed Yamana Resources (TSE) that it is withdrawing from the entire Neuquen joint venture in Argentina. Drill results fell short of the former’s expectations.Yamana nevertheless re…
Canpotex to ship potash to China
The offshore sales agency for Saskatchewan potash producers, Canpotex, will supply up to 1 million tonnes of the substance to China. Canpotex receives nearly 58% of its potash from Potash Corp. of Sas…