NEWS IN BRIEF (November 13, 1995)
Cliff Resources (CFK:TSE) has changed its name to Mineral Resources (MIC:TSE).
News
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.
PEOPLE — SONOMA RES
Daniel Kunz appointed president, chief executive officer and director.
PEOPLE — REGEENA RES
Rennie Blair appointed director.
ODDS’N’SODS — Small incident helps make big mine
This is a story of an accomplished geologist whose experience and knowledge contributed to the discovery of the large, high-grade copper zone that made Geco a great mine.To recount, in the spring of 1…
Cameco drills off more reserves at McArthur River
A recent underground drilling program at the McArthur River uranium deposit operated by Cameco (TSE) has allowed the company to revise its estimated in situ reserves to 416 million lb. U3O8.The projec…
Freeport Copper & Gold turns in record quarter
Higher sales of copper and gold have enabled New York-listed Freeport Copper & Gold to post record earnings for its 1995 third quarter.During the period, Freeport sold a record 258.2 million lb. coppe…