Band-Ore, partners drill property near Timmins
A new gold discovery has been reported by Band-Ore Resources (CDN) on its Thorne property, 10 km west of Timmins, Ont. The first drill hole intersected a 70-ft.-wide mineralized and altered zone which…
News
New Goldcore cuts copper in Quebec
In the first hole of a drill program at the Dummondville project in Quebec, New Goldcore Ventures (ME) has intersected several mineralized zones. The drilling is being carried out on the company’s 13-…
NEWS IN BRIEF (January 30, 1995)
Shore Gold Fund (SGF:ASE) has changed its name to Shore Gold (SGF:ASE) on a share-for-share basis.
Cambior to spend $62 million at Grevet
The directors of Cambior (TSE) have decided to spend an additional $62 million on preproduction work at the Grevet polymetallic project, 80 km northeast of Lebel-sur-Quevillon, Que. The deposit has a …
METALS COMMENTARY — Are metals prices about to peak?
Surging metals prices are attracting the attention of consumers and investors. Bolstered by ever-stronger physical demand, prices for many metals are now at or near the pre-recession levels of several…
New mining plans for Keely Frontier
Plans to rework the old Keely Frontier mine in northeastern Ontario for its cobalt are in the works. Transway Capital (CDN) has entered into an agreement with Sassoon Metals of Switzerland to raise $5…
Noranda funds work in Panama
Reconnaissance silt sampling is set to resume on the Rio Veraguas and Guayabal concessions of Western Keltic Mines (VSE) in Panama. Noranda (TSE) will provide $75,000 towards a $105,000 program aimed …
NEWS ROUNDUP — KRL explores ground in Ontario
Junior KRL Resources (VSE) has begun exploring two Ontario projects. In the Shining Tree area, the junior is drilling three or four large-diameter boreholes under the main showing of the Cooke gold zo…
Expatriate exploring Canalask property
Beginning in March, a 3,000-metre drill program will further test nickel-copper-cobalt mineralization at the Canalask property in southwestern Yukon. Junior Expatriate Resources (VSE) recently tested …
Sharpe, Freewest cut sulphides
Partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) are encouraged by results of the second hole drilled on their Bend massive sulphide deposit in Wisconsin. Hole B94-18, whic…
Black Hawk to acquire copper-gold deposit
Toronto-based Black Hawk Mining (TSE) will acquire Boliden Resources’ interest in the Bald Mountain copper-gold property in Maine. The purchase price is US$2 million and a 2% net smelter return (NSR) …
Ego commissioning cobalt facility
Loan advances totalling $6 million will contribute to startup of a cobalt recovery plant in Cobalt, Ont. Commissioning is to begin this month on Ego Resources’ (TSE) new facility, which is designed to…