NEWS ROUNDUP — Unit of Mazarin to close
One of three asbestos mines operated by LAB Chrysotile in eastern Quebec will be closed. The BC-Beaver unit has, of late, been unable to produce asbestos at competitive prices, which led to a decision…
News
NEWS ROUNDUP — Noranda drilling Fancamp ground
The exploration division of Noranda (TSE) has completed a 4-hole, 5,000-ft. drill program on the Dileo Lake base metal property north of Chibougamau, Que. Although none of the holes returned significa…
Vior, Cambior conclude Douay West agreement
A development agreement for the Douay West gold deposit, 20 km southwest of Joutel, Que., is expected to lead to production within four years. Property owner Societe exploration miniere Vior (ME) has …
American Bullion boosts tonnage at Red Chris
The in situ geological resource at the Red Chris project in north-central British Columbia is now estimated at 100.1 million tonnes grading 0.58% copper and 0.46 grams gold per tonne. American Bullion…
Santa Fe Pacific reports higher earnings, revenue
Despite a rock slide at its Twin Creeks mine in Nevada last December, Santa Fe Pacific Gold (NYSE) saw its overall earnings, reserves and production increase in 1994. The company earned US$56.7 millio…
IGR’s Bibiani play enhanced
Independent consultants estimate the Bibiani project in Ghana contains 1.8 million oz. gold, which includes measured and indicated resources from tailings, surface mine waste and the Main zone. Toront…
ODDS’N’SODS — Mr. and Mrs. Bullion’s misadventure
Considering his surname and the fact that he majored in geology in his native England, it seemed only natural that M.J. Bullion would migrate to the booming gold camp of Porcupine in northern Ontario …
EDITORIAL PAGE — Who’s cleaning up at Summitville?
The name of Robert Friedland is mud in Colorado, where he will be forever linked to that mine from hell: Summitville. Even in mining circles, where a few words of admiration are grudgingly doled out f…
Sharpe, Freewest release additional Wisconsin results
Partners Sharpe Energy and Resources (VSE) and Freewest Resources Canada (TSE) have received additional drill results from their Wisconsin massive sulphide program. The two companies are earning a 60%…
Gold found on Esperanza skarn project
A privately owned Mexican company, Recursos Cruz del Sur, has confirmed that gold values exist on its Esperanza property near Mexico City. Selected rock chip samples have returned up to 12.1 grams per…
Behre Dolbear in Bolivian deal with COMIBOL
International consulting firm Behre Dolbear & Company has signed a 5-month contract with Bolivian state-owned mining enterprise COMIBOL for technical and economic evaluation services. The services con…
Milling results from Beaufor
Partners Louvem Mines (TSE) and Aurizon Mines (TSE) are encouraged by results from their Beaufor gold project near Val d’Or, Que. In December, the operation yielded 1,998 oz., raising production for t…