Lithos tests Wrightbar mine
Sampling of an exploration drift directed to zone B on the 350-ft. level of the Wrightbar gold mine workings near Val d’Or, Que., has returned encouraging values, Lithos (ME) reports. The old mine, cl…
News
DIAMOND NEWS ROUNDUP — Aber announces further results from
Diamond explorer Aber Resources (TSE) has released final results from two small-diameter holes drilled last fall on its Diavik project in the Northwest Territories. A total of 349.5 kg of kimberlite w…
STOCK MARKETS — Sliding indexes add to ongoing VSE slump
The Vancouver Stock Exchange indexes continued on a downward slide over the report period ended Jan. 17. The composite index dropped 13.68 points to close at 742.52 while the resource index fell 33.31…
Platinova gets moly play
Following recent price increases in the molybdenum market, Platinova A/S (TSE) has acquired the Malmbjerg deposit in Greenland. The deposit is 20 km from deep tidewater on the east coast at 72 north l…
Juniors swarm near Murgor
Geophysical work — including magnetic, induced-polarization and very-low-frequency surveys — is being carried out by Murgor Resources (VSE) on its 14-claim property near Lebel-sur-Quevillon, Que. Pr…
PEOPLE — CADRE
Page Chilcott and Stanley Sandner appointed directors.
Cons. Ramrod drills Atlanta gold play
As part of an option agreement to earn a 51% interest in the Atlanta gold property, Consolidated Ramrod Gold (TSE) has spent US$1.5 million and drilled 24 underground and surface holes, totalling 5,84…
Molybdenum’s rise spurs interest in Nevada property
The rise in the price of molybdenum to more than US$15 per lb. from the US$3 level is prompting Eureka Resources (VSE) to re-examine its Mindora property in southwestern Nevada. Following a drop in th…
Busy season for Cambiex
For the first 11 months in 1994, Cambiex Exploration (ME) spent more than $4.4 million exploring most of its 17 properties in Canada, the U.S. and South America. Several of the programs yielded encour…
Daisy could bloom into gold producer
The open-pit proven and probable reserve of the Secret Pass deposit in Nevada is expected to rise to about 18 million tons containing 425,000 oz. gold. The deposit, managed by Inter-Rock Gold (ME) and…
FACTS + FIGURES — Mining along the Iron Range
For more than a century, gigantic blasts designed to shake loose millions of tons of iron ore have rattled the ground across the Iron Range. Along with the weekly blasts have come noise and dust, and …
Restoration plan for Westray site
The Westray coal mine in Nova Scotia will be sealed, its silo removed and the land restored, beginning this spring. In the meantime, the Nova Scotia government will finance a study to see whether a tr…