I must respond to Bryan Lee’s unwarranted attack (“Keep mining in Canada, but at what cost?”, T.N.M., April 3/95) on the Canadian mining industry, in which he states that mining “has not been environm…
A. Ransom appointed president, chief executive officer and director.
James Corrigan appointed president and general manager.
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…
Citing an unsatisfactorily small land position, Kennecott has withdrawn from a joint venture with Hanover Gold (NASDAQ) in southwestern Montana.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…
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…
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…
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…
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…
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…
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 …
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…
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