Preliminary field work is under way on ground held jointly by United Compass Resources (VSE) and Layfield Resources (VSE).The property, situated 40 km northwest of the Voisey Bay discovery in Labrador…
Inco Ltd T173433$47 1/444 1/445 7/8-1 3/8.TBarrick Gold T115839$37 1/834 5/834 5/8-2Placer Dome T106226$39 1/436 36 1/2-2 1/4Diamond Flds T65703$70 3/468 3/4 69 3/4-7/8Falco…
Diamond exploration is always a needle-in-a-haystack venture, but the four joint-venture partners looking for gems beneath the Saskatchewan prairies figure they have enough haystacks to make their odd…
Drilling is planned for La Jojoba, a property in Mexico’s Sonora state.Glamis Gold (TSE) will fund the work under an option to earn a 75% interest from Aquiline Resources (VSE).Glamis must also pay US…
The first two holes drilled on the Niatak Island property in Labrador have encountered narrow layers of massive sulphides.Vancouver-listed partners Starcore Resources and Goldnev Resources are drill-t…
Certain shareholders of Azco Mining (TSE) are attempting to block the company’s proposed sale of specific mining assets to Phelps Dodge (NYSE).In late April of this year, Phelps Dodge offered US$40 mi…
A total of 12.6 million shares will be issued following the completion of a rights offering by St. Andrew Goldfields (TSE). The offering is expected to generate proceeds of $2.5 million.St. Andrew wil…
Drills are turning once again at Black Hawk Mining’s (TSE) gold property in Ontario’s Hoyle Twp.The company has begun a 8,400-metre, 37-hole drill program to test the continuity of the known gold zone…
Montreal-listed GeoNova Explorations has acquired an exploration concession in Burkina Faso which hosts three gold showings.The junior will be permitted to explore the 484-sq.-km Titao concession for …
Greenstone Resources (TSE) can increase its interest in the San Andres gold project in Honduras to 92% from 81.75%.The company began acquiring an interest in the project in February, 1994, since which…
Production problems at the Sudbury operations of Falconbridge (TSE) have not impaired the company’s year-over-year increases in earnings and revenues.Earnings for the second quarter amounted to $72.3 …
Unionized workers at Noranda Metallurgy’s CCR refinery voted 86% in favor of accepting the terms of a new collective agreement.The agreement, which expires in May of 1998, calls for a 2% increase in t…
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