Sampling ongoing at Nugget Pond
A final round of bulk sampling, now under way, is expected to lead to a production decision at the Nugget Pond gold property on Newfoundland’s Baie Verte Peninsula.Richmont Mines (TSE) and Noveder (ME…
News
Globex encouraged by Duquesne West results
Drilling by Santa Fe Canadian Mining has returned a 35.1-ft. intersection grading 1.56 oz. gold per ton (0.51 oz. cut to 1 oz.) from Globex Mining’s (ME) Duquesne West property in Quebec’s Duparquet T…
Gold Funds (July 17, 1995)
Gold Funds as of July 11BGRCentralNet Value$18.02$6.57Price$14.13$6.625Discount21.62%Premium0.8%Value$140,904,000$119,907,863…
Conversion of Weights and Measures (July 17, 1995)
1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (short) ton = 2,000 pounds1 (metric) t…
Mallon plans study for Rio Chiquito
Having raised US$2.5 million, Mallon Resources (NASDAQ) and its 80%-owned subsidiary, Laguna Gold, are engaged in exploring the Rio Chiquito property in Costa Rica.The program includes 8,000 metres of…
LABRADOR NEWS ROUNDUP — Castle Rock reports copper values
Initial prospecting in the Wilson Lake area of Labrador has identified sulphide showings along a contact between older gneisses and a gabbroic unit.Castle Rock Exploration (VSE) reports that copper va…
Drills turn at Slaven Canyon
Operator Uranerz Exploration & Mining has started a 3,000-ft. program of reverse-circulation drilling on its Slaven Canyon South property in Nevada’s Battle Mountain-Eureka gold trend.The property bel…
Holmer expands Loma Hierro
As one of the first Canadian mining companies to take on projects in Cuba, Holmer Gold Mines (ASE) intends to continue concentrating its efforts in the Carribbean nation, despite the disapproval of so…
LABRADOR NEWS ROUNDUP — Anomaly found at Kingurutik
An airborne geophysical survey over the Kingurutik Lake property in the Voisey Bay area of Labrador is providing encouragement to partners NDT Ventures (VSE) and Lucero Resources (VSE).The property wa…
Louvicourt wins rescue competition
The Louvicourt mine near Val d’Or, Que., took top spot in Quebec’s provincial mine rescue competition in early June.The annual event is sponsored by the Quebec government’s Health and Safety Commissio…
Silver prospects attract interest — Metallica explores Mexican play
Metallica Resources (CDN) has defined two new precious metal occurrences at the Cerro San Pedro property in San Luis Potosi, Mexico.The discovery follows the first 2,500 metres of a planned 10,000-met…
Development plan in works for Cieneguita joint venture
An operating and production plan is in place for the Cieneguita gold deposit in Mexico’s Chihuahua state.Glamis Gold (TSE) acquired a 60% interest in the heap-leach project from Aquiline Resources (VS…