Drills turning at Damoti Lake
The first three holes of a planned 60-hole program on the Damoti Lake property in the Northwest Territories has expanded the Horseshoe-Pyrite gold zone. Consolidated Ramrod Gold (TSE) extended the str…
News
Downhole analysis focus of meeting
An April 7 meeting in Toronto on the subject of “advancing downhole geochemical logging technology” will be hosted by the Mining Industry Technology Council of Canada (MITEC). Guest speakers will be P…
Joutel calculates resource at Barita
A geologic resource has been calculated for the Zona Barita play in Cuba, based on drilling and trenching results. Joutel Resources (TSE) estimates that the property, which is within the Sierra Maestr…
OBITUARIES — Martin Morrice
A senior geologist for MK Gold, Martin G. Morrice, died in Panama when the airplane in which he was travelling crashed. The plane, a twin-engine Seneca, was chartered to carry Morrice from Penonome to…
IGR options Poura mine
The government of Burkina Faso will allow TSE-listed International Gold Resources (IGR) to acquire a 90% stake in the country’s largest operating gold mine. The Poura mine is the fourth project the co…
Gold intersected at Bralorne
Drilling on the Bralorne mine project in the Bridge River area of southwestern British Columbia has returned gold values for partners Avino Mines & Resources (VSE) and Bralorne-Pioneer Gold Mines (VSE…
Fortune negotiating agreements
Having announced significant assay results from its NICO claim group near Yellowknife, N.W.T., Fortune Minerals (CDN) is entertaining several joint-venture proposals. Last fall, sampling from eight su…
Diabex cuts two gold intervals
On the Desjardines property in northwestern Quebec, Diabex Resources (ME) has intersected two gold showings with one drill hole. The hole was drilled to test two geophysical anomalies associated with …
ODDS’N’SODS — Preserving Bruce Mines
A mining-tourism project has been under way during the past few years in the town of Bruce Mines in northern Ontario. Other than some small “Indian diggings” at Mamainse and Alexander Henry’s 30-ft. e…
William to buy Mexican company
Toronto-based William Resources (TSE) intends to acquire all outstanding shares of Minas Colorada of Mexico. Colorada operates three mines and a mill in Zacatecas state. The mill has a capacity of 240…
TSE SHORT POSITIONS (March 20, 1995)
mi-monthly reports as of Feb. 28, 1995 showed 235,623,529 shares of 758 issues compared with 243,958,189 shares of 785 issues on Feb. 15, 1995. rger individual positions included: Aber Res. 61,940, up…
Abacus eyes Niblack play
The Niblack volcanogenic massive sulphide project in southeastern Alaska has caught the eye of Abacus Minerals (VSE), which has entered into two separate agreements to acquire a 100% interest. The 185…