Patrician Gold tests Forest Reef
Drilling by Patrician Gold Mines (ASE) continues to intersect gold in the Forest Reef horizon, leading to a re-interpretation of the geology of the Ikungu Peninsula property in Tanzania. Hole 94-8, dr…
News
Positive trenching results at Libertad gold property
The Nicaraguan gold property La Libertad could be richer than previously thought. Results from 19 trenches completed by Greenstone Resources (TSE) on the Cerro Mojan zone reveal a steeply dipping vein…
Canmine drilling tests deep zone
A high-power geophysical survey has enabled Canmine Resources (ASE) to discover at least five volcanic feeder vents. These vents are believed to be responsible for forming the Island zone massive sulp…
Major General evaluates Hammerdown deposit
An evaluation report estimates the Hammerdown deposit in Newfoundland could produce 225,000 oz. of payable gold at a cost of US$131 per oz., over a 3-year period. The deposit, situated on the Rendell-…
MINING IN AFRICA SPECIAL — Golden Star expands African
Through a subsidiary, Golden Star Resources (TSE) will explore a newly acquired gold prospect in western Ethiopia, about 800 km from the capital, Addis Ababa. The Dul permit area is one of several gol…
Westmin updates reserves
Year-end reserves at the Myra Falls mine near Campbell River, B.C., were slightly higher than in the previous year-end period, reports owner Westmin Resources (TSE). The proven and probable geological…
MINING IN AFRICA SPECIAL — Argosy reports recovery of three
Progress is reported by Argosy Mining (VSE) from its joint-venture diamond project in southeastern Africa. Argosy is in the second year of a 4-year exploration program in Zimbabwe and Tanzania. This y…
Cyprus, Ogy cut more gold
Follow-up drilling by Cyprus Canada and Ogy Petroleums (TSE) has intersected additional gold mineralization on their Fenelon A project in the Casa Berardi region of northern Quebec. The 4-hole program…
PEOPLE — BLUE EMERALD
Derek Bartlett appointed president and chief executive officer; John Harvey and James Stewart appointed directors; Richard Nemis appointed chairman.
TSE Short Positions (February 06, 1995)
Semi-monthly reports as of Jan 15, 1995 showed 244,193,506 shares of 792 issues compared with 226,878,791 shares of 799 issues on Dec 31, 1994. Larger individual positions included: Aber 111,940, up 4…
CORPORATE TRENDS — Expanding, modifying Harjavalta
The 50-year-old Harjavalta copper and nickel works in eastern Finland are being expanded and modified. The owner, Outokumpu, plans to increase the copper smelting and electrolytic refining capacity by…
New ventilation for Campbell
A new heating, ventilation and air-conditioning system will save Placer Dome a bundle of money at its Campbell gold mine in northwestern Ontario. The gold producer figures it will save $220,000 annual…