Strong gold assays help Santa Elina in Brazil
Consistent gold mineralization at depth is evident from drill results reported by Santa Elina Gold (TSE) at its Fazenda Nova property in Brazil.Since March, the company has drilled 38 diamond drill ho…
News
Carlin output adds up for Newmont Mining
New York-listed Newmont Mining posted another profitable quarter on the strength of more than half a million ounces of gold produced.The company’s gold mining division, Newmont Gold (NYSE), earned US$…
Imperial revises Mount Polley reserves
The Mount Polley gold-copper project in central British Columbia, 56 km northeast of Williams Lake, is being readied for a scheduled construction start-up in the spring of 1996.As part of a due-dilige…
LABRADOR NEWS ROUNDUP — Cartaway almost blown away
Labrador’s infamous winter weather has dealt a delay to Cartaway Container (VSE).High winds on the wholly owned Cirque property south of Okak Bay, Labrador, forced the company to move its camp to a mo…
LABRADOR NEWS ROUNDUP — Columbia Yukon mobilizes rig
With a drill permit now in hand, Columbia Yukon Resources (ASE) has mobilized a drill rig to its ML 1506 ground in the Alliger Lake area north of Voisey Bay, Labrador.The company plans to test several…
Prime exploring possible extension to 21B zone at Eskay Creek mine
Exploration work at the Eskay Creek property in northwestern British Columbia may have identified a stratigraphic extension of the main 21B ore zone being mined by Prime Resources Group (TSE).The Eska…
Athabaska hopes to revive Ladner Creek
Underground exploration drilling and development is continuing at the Ladner Creek gold project near Hope, B.C.Athabaska Gold Resources (TSE) has committed to spending $1 million on the property by Ju…
Canadian Mint announces new coin
The Royal Canadian Mint has moved to cut coinage costs by changing the one-cent coin from bronze to copper-plated steel or copper-plated zinc.”Changing the metal composition of the one-cent coin to ei…
METAL PRICES — FREE MARKET (November 13, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateNov. 7 Nov. 6Nov. 3 Nov. 2 Nov. 1Copper3015-3020 2995-30002947-29522995-30002945-2950Lead681-683 680-681694-696 710-711 703-7…
Queenstake plans acquisition to expand Latin American holdings
The planned acquisition of a Cayman Island corporation will significantly expand the Latin American holdings of Queenstake Resources (TSE).The company will acquire the shares of Intercontinental Resou…
Britannia options Exall project
An agreement has been signed by Exall Resources (TSE) and Britannia Gold (VSE) for a joint venture on the Santo Tomas copper project in Sinaloa state, Mexico.Under the agreement, Britannia will assume…
Breakwater finds mineralization at El Mochito mine in Honduras
A drill program to expand reserves has encountered zinc-lead-silver mineralization at the El Mochito mine in Honduras.Owner Breakwater Resources (TSE) has been drilling the east limb of a fold, to tes…