Puerto Rican gov’t outlaws open-pit miners
The government of Puerto Rico has banned open-pit extraction of metals, and North America’s mining industry is not amused.Indeed, one American company, USMX (TSE), is taking the matter personally.”No …
News
NEWS ROUNDUP — St. Genevieve sells Novicourt interest
St. Genevieve Resources (TSE) has sold 2.2 million shares of Novicourt (TSE) for $5.25 per share.The transaction generated proceeds of $11.2 million and a profit of $6.1 million. The proceeds will be …
LABRADOR NEWS ROUNDUP — Castle Rock bullish on new find
Massive sulphide mineralization has been identified on the Charles Michael claim northwest of Webb Bay in the Voisey Bay area of Labrador.Castle Rock Exploration (VSE) controls the property, where roc…
LABRADOR NEWS ROUNDUP — Larder eyes Harp Lake targets
Claims in two separate areas of Labrador will be explored by Toronto-based International Larder Minerals (CDN).The company will acquire the 947 claims for a total consideration of $405,125.The first g…
NEWS ROUNDUP — Armistice continues sampling
Bulk sampling has enhanced the potential of Armistice Resources’ (ME) gold property in Virginiatown, Ont.The company mined a 3,200-ton bulk sample with an estimated grade of 0.3 oz. gold per ton. The …
Inco buys back shares
Nickel giant Inco (TSE) will repurchase up to 10 million (about 10%) of its common shares.The repurchase is expected to end no later than July 12, 1996. The shares will be paid for with internal cash …
Banner acquisition hits snag
The acquisition of the Otjosondu manganese mine in central Namibia continues to face delays.Last August, Banner Mining (VSE) agreed to buy all the issued capital of the mine’s owner, Purity Manganese,…
Orleans close to production
Montreal-listed Orleans Resources has received the mining leases required to build its wollastonite production facilities.Orleans owns a sizable wollastonite deposit in the Saguenay-Lac St. Jean area …
Rio grants Chachacomiri extension to Cominco Ltd.
Owing to a delay in drilling at the Chachacomiri property in Bolivia, Rio Amarillo Mining (VSE) has given Cominco (TSE) a 2-month extension on a US$400,000 option payment previously due at the end of …
Pangea projects catch eye of African majors
It was only a matter of time before South Africa’s major mining companies became interested in the opportunities being aggressively developed in their own backyard by North American juniors.In the spa…
Index (July 24, 1995)
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La Rock drilling at its Brandywine property
Drilling is continuing on La Rock Mining’s (VSE) Brandywine property, 25 miles north of Squamish, B.C. To date, assays results have been reported from 15 holes in what is expected to be a 23-hole prog…