Summo updates Cashin Project
A preliminary resource has been estimated for the Cashin copper project in southwestern Colorado. Based on drill results, Summo Minerals (VSE) estimates the property contains 10.9 million tons grading…
News
EXPLORATION ’95 — Illegal miners eye Norcan concessions in
Companies interested in Venezuela’s gold potential are particularly attracted to areas worked by illegal local miners, called garimpieros, as this work provides a good indication of prospective target…
EXPLORATION ’95 — Value of Canada’s mineral production rises
The latest figures released by Canada’s minister of natural resources, Anne McLellan, show a 9.1% increase in the total value of Canada’s mineral production in 1994 compared with 1993. Preliminary est…
EXPLORATION ’95 — Andes no longer grassroots play for
Partners HRC Development (VSE) and Eldorado (TSE) have advanced their Andes gold project In Argentina beyond the grassroots stage. The property, which comprises more than 1,200 square miles near the C…
EXPLORATION ’95 — Economic help on way to Papua New Guinea
The Pacific Rim country of Papua New Guinea is to receive economic help from the World Bank and the International Monetary Fund (IMF), the government announced recently in Port Moresby. In a brief sta…
EXPLORATION ’95 — Diamond find near Hinton boosts Alberta
The honor of yielding the first significant diamond find in Alberta’s history goes to the community of Hinton. On virtually a weekly basis, the partnership of Montello Resources (ASE), Troymin Resourc…
EXPLORATION ’95 — Diamond issues given cool hand by
With investor sentiment shifting from extreme optimism to extreme disappointment and, finally, to what can only be termed apathy, companies exploring for diamonds have taken a beating during the past …
Eastmain acquires gold property in Timmins area
The Akweskwa gold property, 24 miles southwest of Timmins, Ont., has been acquired by Eastmain Resources (CDN). The property includes nine patented claims optioned from Falconbridge (TSE), 18 claims o…
OBITUARY — Harry Badgley
A 50-year member of the Canadian Institute of Mining, Metallurgy and Petroleum, Harry Badgley died recently in Summerland, B.C. He was 85. He spent his entire working career in the mining industry, st…
INVESTMENT COMMENTARY — High River low-risk junior with
A joint-venture deal with excellent exploration and earnings potential has prompted Ken Gillis, an analyst with Research Capital Corporation, to recommend High River Gold Mines (TSE) as a buy. In a re…
Barry Lake region site of previous staking rush
The current staking rush taking place in Barry, Souart and other townships in the region near Senneterre, Que., is not the first time gold-seekers have been attracted to the region. The first reported…
Production decision looms for Cerro Corona
Since optioning the Cerro Corona project in Peru in early 1994, Barrick Gold (TSE) has drilled more than 200 holes and carried out extensive metallurgical testing, environmental baseline work and infr…