News


Spill shuts down the Omai gold mine

The Omai gold mine in north-central Guyana was shut down when it was discovered that effluent had seeped through the tailings dam and into the Omai River.The market took instant notice of the spill. S…


PEOPLE — BANFF RES. (August 28, 1995)

Al-Nashir Jamal appointed director and chairman; Louie Mikulic appointed president and director; Allan Beaton appointed director and vice-president of mining; Hans Schwabl appointed director and vice-…


TSE indices

— 1995 — Aug 22Aug 21Aug 18Aug 17Aug 16 High LowComposite”300″4601.684608.304619.924620.174608.384718.273983.34Metals&Minerals5239.345252.775222.305241.395106.885276.123273.56I…


Getchell and Teck drilling Rainbow

Drills are turning again on the Rainbow joint venture near Kamloops, B.C.Partners Getchell Resources (VSE) and Teck (TSE), which own 30% and 70%, respectively, are carrying out this second phase of wo…


Juniors finalize Baffin agreement

Two juniors will spend $1.5 million on exploration on Baffin Island, N.W.T. A recent agreement gives International Capri Resources (VSE) a 42% working interest in the Baffin Island project of Continen…


Hecla and Santa Fe in JV near Republic

Santa Fe Pacific Gold (NYSE) can earn a 70% interest in the Golden Eagle deposit from Hecla Mining (NYSE).To do so, the former must spend $7.5 million over three years exploring the deposit, which is …


JAG produces gold from Belleterre

Persistence has paid off for one junior exploration company in western Quebec. Initial development of the Aubelle deposit by JAG Mines (ME) has yielded 1,300 tonnes of development ore.After processing…


Noranda buys into smelter

The growing Chilean copper smelting business has attracted Noranda Metallurgy.The company, a unit of Noranda, (TSE), has agreed to buy a 24.8% interest in Fundicion Refimet, operator of the Antofagast…


Magma and Chase to exploit Philippine copper

An agreement with Magma Copper (NYSE) will enable Chase Resource (TSE) to advance its Taysan copper project in the Philippines.Subject to the completion of a due diligence review and regulatory approv…


Beaufor results encourage Louvem

The Beaufor gold deposit in Pascalis Twp., Que., is showing promising results as development advances.Partners Louvem Mines (TSE) and Aurizon Mines (ME) report that development work in June produced 8…



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