Wheaton drills Grizzly and Ursa
A $5-million drill program is under way on Wheaton River Mineral’s (TSE) Golden Bear property in northwestern British Columbia.Underground diamond drilling is attempting to delineate the Grizzly depos…
News
Companies (June 19, 1995)
INDEXAdrianArchangel DiamAsarcoAshton MngBaja GoldBattle MtnBDG PacificCanarcCanyonCluffComaplexComincoCominco IntlCons MadsnCrystallex CumberlandDiamond FldsEast AfricaEcho BayEtruscan F…
Asarco triumphs in ’95 first quarter
U.S. mining giant Asarco (NYSE) earned US$65.7 million, or US$1.56 per share, in the first quarter — a substantial jump from the US$26.6 million, or 64 cents per share, earned in the same period last…
Geomaque’s San Francisco prepares for production
Construction of the San Francisco mine here in Sonora state is moving ahead as Geomaque Explorations (TSE) works toward its goal of pouring gold by August of this year.Output for 1995 is projected at …
Inco partnership secures future of Diamond Fields
Officials of Diamond Fields Resources (TSE) say the recently formed partnership with Inco (TSE), aimed at advancing the Voisey Bay nickel-copper-cobalt deposit near Nain, Labrador, is a “win-win” situ…
Echo Bay seeks junior partners for foreign exploration
By swimming with the “fast fish” of the junior mining sector, Echo Bay Mines (TSE) hopes to buoy up reserves, replacing some of its declining North American mine production with new mines in Asia, Afr…
Hecla buys kaolin mine in S. Carolina
Silver-producer Hecla Mining (NYSE) has bought a kaolin mine and processing facility from J.M. Huber, a private company.Situated in Langley, S.C., 15 miles from the company’s Aiken operation, the faci…
Freewest, Murgor option Labrador nickel anomaly
Partners Freewest Resources (TSE) and Murgor Resources (VSE) have acquired 118 claims in Labrador. The land package is reported to cover a drainage basin which holds one of the highest combined nickel…
Greenstone’s mine looking rosy
The first bar has been poured at Central America’s largest gold mine, the Santa Rosa.To date, more than 400,000 tonnes of ore have been extracted from the Panamanian open-pit operation, which is owned…
Int’l Curator tops treasury
A brokered private placement will raise up to $8.7 million for International Curator Resources (TSE).Sprott Securities will sell a minimum of 1 million and a maximum of 3.5 million special warrants at…
Newmont provides model for international mine financing
In October, 1990, Joseph Kowalik, a senior geologist with Newmont Gold (NYSE), visited the mammoth Murantau open-pit gold mine in this Central Asian republic and immediately recognized the potential r…
Aussie major options Meliadine property
A major mining company has positioned itself to gain a stake in the Meliadine gold property near Rankin Inlet, N.W.T.The joint venture is currently owned by Cumberland Resources (VSE) and Comaplex Min…