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,…
News
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)
DepartmentsCareersClassified AdvertisingDiamond NewsDiamond DrillersEditorialsInsider TradingInvestment CommentaryMetal PricesOdds’n’SodsProfessional DirectoryRights & WarrantsStock MarketsSubscriber …
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…
Meetings (July 24, 1995)
MeetingsJuly 31, Athlone July 31, Brooks July 31, CamphorJuly 31, Coral Gold July 31, Int’l Avino July 31, Int’l Curator July 31, Ivory Oils July 31, Loumic July 31, Micro Aug. 1, HeartlandAug. 1, Por…
Companies (July 24, 1995)
IndexAberAbsolutAdexAmercn GemAnglo AmrcnAntares M&EAntilles ResArimtco IntlArmisticeAtapaAurAvalon VenBannerBarrick Gld,Bema GoldBHP MinlsBolivar GfdBrazilianBre-X MinBreseaBrooklineC…
McDonald firms up Cuban property
Partners MacDonald Mines Exploration (ASE) and Mill City Gold Mining (VSE) have announced additional drill results from the Little Golden Hill zone at the Golden Hill project in Camaguey, Cuba.Hole 6,…
Rayrock drills Dee property in Nevada
Drilling is under way at Rayrock Yellowknife Resources’ (TSE) Dee gold property in Nevada.The company is testing 10 deep sulphide targets in the Dee pit area. The first hole will test the contact betw…
GOLD FUNDS (July 24, 1995)
Gold Funds as of July 18BGRCentralNet Value$18.41$6.67Price$14.25$6.50Discount22.60%2.5%Value$143,945,000$117,645,450…
Ego Resources churning out cobalt at Ontario plant
A cobalt recovery plant operated by Ego Resources (TSE) is now in business, employing 50 people and producing 300 to 500 lb. of the metal per day.Situated in Cobalt, Ont., the $14-million hydrometallu…