News


Anglo eyes gold prospect in Tanzania

Under an agreement with Pangea Resources (TSE), South African-based Anglo American intends to earn a 70% interest in the 100-sq.-km Kahama licence in Tanzania.The agreement calls for Anglo to spend US…


Rainy River returns mixed results

The latest assay results from core drilled on Nuinsco Resources’ (TSE) property in Richardson Twp., Ont., show long sections of highly anomalous gold, as well as short sections of high-grade gold.The …


BHP drills ground near Matagami

BHP Minerals Canada is carrying out additional drilling on Southern Africa Minerals’ (TSE) Cabre base metal property near Matagami, Que.Previous drilling delineated two massive sulphide zones with a r…


MABC launches awareness campaign

The Mining Association of British Columbia will launch a “mining awareness” campaign.The program will publicize important contributions that the mining industry makes to the provincial economy.As part…


Kinross eyes Russian mine

In keeping with its reputation as an aggressive player in the global arena, Kinross Gold (TSE) has secured rights to acquire a stake in the high-grade Aginskoye gold deposit in Kamchatka, Russia.This …


Gateway opens to Russian prospects

In March, 1996, about 20,000 visitors from the Commonwealth of Independent States, together with representatives of major mining companies from around the world, are expected to converge in Russia’s c…


ODDS’N’SODS — Assessing diamond discoveries

Simple, straightforward and to the point. And much, much better late than never.We are describing the new guidelines for public reporting of diamond exploration results, resources and reserves, which …



Echo Bay sells stake in Muscocho

Denver-based Echo Bay Mines (TSE) has sold its entire equity interest in Muscocho Explorations (TSE).The senior sold 11.5 million shares privately at 25 cents each for proceeds of $2.9 million. The sh…


Grassroots grants allocated in B.C.

Grants have been allocated to 68 prospectors under the British Columbia government’s Prospectors’ Assistance program.The grants are part of the Explore B.C. program, announced in this year’s provincia…


Falco opts to sell Lakefield

By the end of August, Falconbridge expects to close the sale of its Lakefield Research division though a management buyout.Falconbridge President Frank Pickard says the company decided to sell the div…


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