PEOPLE — AMARADO RES.
A. Ransom appointed president, chief executive officer and director.
News
PEOPLE — FALCONBRIDGE DOMINICANA (FALCONDO)
James Corrigan appointed president and general manager.
Exploration gives life to Red Lake mine
The discovery of new reserves below current working levels at the Red Lake gold mine in northwestern Ontario has given the project new life. Owner Goldcorp (TSE) has budgeted $10 million, including $6…
Kennecott out of Hanover JV
Citing an unsatisfactorily small land position, Kennecott has withdrawn from a joint venture with Hanover Gold (NASDAQ) in southwestern Montana. (An increase in reserves was needed to meet Kennecott’s…
Minorca pitches plan to creditors
The owners of Minorca Resources (ME) are hoping to reach a settlement with creditors which will allow the company to expand its development plans for the Donalda gold mine near Rouyn-Noranda, Que. Min…
Loki Gold facing permitting delays
Red tape is tying up Loki Gold (TSE) as it endeavors to begin construction at the Brewery Creek open-pit project in the Yukon. The deposit hosts a diluted minable reserve of 16.7 million tonnes gradin…
Inco completes IP survey work
Drilling is under way at a gold-copper-zinc property in Quebec’s Casa Berardi Twp., Cross Lake Minerals (VSE) and East West Resource (VSE) report. The juniors say the exploration unit of Inco (TSE) co…
Orvana upgrades Central Inlier
Drilling on the Central Inlier property in Jamaica has returned significantly better gold grades than previous attempts. Orvana Minerals (TSE) drilled four test holes on the Bennet zone, using techniq…
Arequipa signs up Asarco
Junior explorer Arequipa Resources (VSE) has formed a joint venture with a major mining company. That company, Asarco (NYSE), can earn up to a 60% interest in nine newly formed Peruvian companies, eac…
Survey will clear boundary
An independent legal survey of the North 1 claim, owned by Ecstall Mining (VSE), will be carried out this summer. Measuring 300 by 2,000 ft., the property is in the vicinity of drilling being carried …
TSE SHORTS (April 17, 1995)
Semi-monthly reports as of Mar. 31, 1995 showed 242,778,008 shares of 777 issues compared with 228,987,690 shares of 784 issues on Mar. 15, 1995. Larger individual positions included: Aber Res. 50,200…
Companies drill in Cuba
A new area of base metal mineralization has been uncovered at the San Fernando project in central Cuba, Holmer Gold Mines (ASE) reports. The junior says hole 1, designed to test an anomaly north of th…