Work continues at OPAP pipe
Ontario’s prospecting community is hoping that the government axe will not fall on programs that fund grassroots work in northern regions of the province.”These grants have the potential to lead to ex…
News
Labrador News Roundup — Viscount, Magna find gossans
Prospecting crews at the Tasisuak Lake property of Consolidated Viscount Resources (VSE) and Consolidated Magna Ventures (VSE) have discovered several gossans near the location of a magnetic anomaly a…
PEOPLE — REPUBLIC GOLDFIELDS (August 14, 1995)
Michael De Rosa appointed chairman; Jack Belton appointed president; Uldis Abolins appointed vice-president.
Metals Commentary — Stronger metals prices expected
The summer holiday period is traditionally a time to reflect on the events of the first half of the year and assess metal demand and supply, yet this is not a traditional summer.Most metal markets con…
Formation plans Idaho drilling
Drilling is planned for the Sunshine project in Lemhi Cty., Idaho.Formation Capital (TSE), which holds an option to earn a 100% interest in the property, plans to drill 30,000 ft. The 60-hole program …
LaRonde adds oomph to Agnico’s earnings
A strong performance by the LaRonde mine near Val d’Or, Que., enabled Agnico-Eagle (TSE) to boost second-quarter earnings by 75%.For the quarter ended June 30, Agnico earned $6.3 million (or 17 cents …
World Wide OKs Chinese connection
Shareholders of World Wide Minerals (TSE) have unanimously approved the company’s acquisition of Targa International’s 55% interest in the Baoziwan and Dawuyao gold exploration joint ventures in China…
Labrador News Roundup — Pacific Golden locates gossan
Preliminary field work on ground held by Pacific Golden Spike Resources (VSE) in the Voisey Bay area of Labrador is turning up sulphide mineralization.The identified gossan measures more than 2 km in …
Labrador News Roundup — Pallaum, Swannell test anomalies
Exploration crews have started ground checks of magnetic and electromagnetic anomalies on properties held by the Labrador Nickel Syndicate, a joint venture of Pallaum Minerals (ASE) and Swannell Miner…
TVX gains two Russian gold-silver deposits
Toronto-listed TVX Gold is attempting to diversify beyond Latin American gold production.In March, the company bought Greek-based Kassandra Mines for US$47 million, and, only last week, it acquired a …
Labrador News Roundup — Gossans found at Harp Lake
Boot-and-pick prospecting in the Harp Lake area, southwest of Voisey Bay, has revealed nine gossan zones in coarse anorthosite host rocks. Leicester Diamond Mines (VSE) reports the gossans contain iro…
YGC finds new zone at Ketza River
Exploration work at the Ketza River project in the Yukon has led to the identification of a new oxide zone between two previously mined-out orebodies.Property owner YGC Resources (VSE) is in the midst…