Ego secures inventory funding
Financing worth up to US$4 million has been secured by Ego Resources for startup of its Cobatec cobalt recovery plant near Cobalt, Ont. Ego has reached an agreement with Amalgamet Canada to finance it…
News
PEOPLE — ROYCEFIELD — John Harvey, Paul Legere and Wayne
Russell Meares appointed manager of exploration for Australia.
Phoenix project takes flight
The board of directors of Battle Mountain Gold (NYSE) has authorized development of the Phoenix project at the Battle Mountain gold complex in Nevada. The open-pit, heap-leach project is centred aroun…
Lenora drilling Althona deposit
As part of a feasibility study of the Goldfields project in northern Saskatchewan, Greater Lenora Resources (TSE) will carry out three drill programs concurrently. A 16,400-ft. infill program is alrea…
Quebec mines add lustre to MSV
Substantially higher revenue and earnings were enjoyed by MSV Resources (TSE) in 1994, compared with 1993. Greater production and improved metal recoveries enabled the company to almost double revenue…
LATIN AMERICA SPECIAL — Metates poses challenges for project
The Metates gold deposit in Mexico’s Durango state hosts a preliminary inventory of more than 200 million tonnes grading 1.2 grams of gold equivalent per tonne. Gold and silver account for about 80% a…
Drilling extends two zones at Sleeping Giant
Two holes drilled from the new third level of the Sleeping Giant gold mine have confirmed the continuity of Zones 20 and 30 at depth. The mine, found 80 km north of Amos, Que., is owned equally by Aur…
Tri Origin furthers work at Lewis Ponds
The Australian-based subsidiary of Tri Origin Exploration (TSE) has intersected significant mineralization in three of four holes drilled on its Lewis Ponds polymetallic property in New South Wales. H…
METALS COMMENTARY — Demand for metals strengthens
During the first half of March, metal markets shrugged off the downturn in prices that afflicted them in February. Physical demand for all metals was even stronger as processors took advantage of the …
EDITORIAL PAGE — Assessing political risk
Where in the world to invest? Delegates at this year’s convention of the Prospectors and Developers Association of Canada were told that decisions to invest in global mining opportunities should be ba…
LATIN AMERICA SPECIAL — Work enhancing Arauco discovery
Ongoing work by Arauco Resources (VSE) is enhancing the company’s new gold find in southern Chile. Earlier this month, the junior reported encouraging trenching results from the discovery (T.N.M., Mar…
LATIN AMERICA SPECIAL — Venezuela may rebound as regional
Investor interest in juniors exploring in Venezuela has, of late, taken a 180-degree turn for the worse. Gone is the euphoria that surrounded the exploration initiative there a year ago. The cause of …