Drilling resumes at Voisey Bay
Drilling has resumed at the Voisey Bay project in Labrador, a nickel-copper-discovery described by mining analysts as one of the most significant Canadian base metal discoveries of recent times. The d…
News
Willson addressing joint luncheon
The president of large gold producer Placer Dome will address the March 8 luncheon meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM). John Willson will …
EXPLORATION ’95 — Homestake options Russian project
During the course of a corporate life that spans more than a century, Homestake Mining (NYSE) has transformed itself into one of the world’s largest gold producers by building on the cornerstone of it…
EXPLORATION ’95 — Diamond study is optimistic
Brokerage firm Yorkton Securities has released its second review of the world’s diamond industry. (The first was published in 1993 in the midst of the Northwest Territories diamond rush.) The review a…
EXPLORATION ’95 — Brazilian Res. seeks gold, diamonds in
As economic reforms take hold, Brazil is becoming the focus of a new Latin American gold rush. Quick to recognize the potential for gold and diamonds in the Amazon basin, Brazilian Resources (CDN) has…
New discovery at Aldebaran
Trenching on the Aldebaran property in Chile has outlined a new zone of gold mineralization for Arizona Star Resource (VSE) and Bema Gold (TSE). The former has a 51% interest in the property while the…
GOLD FUNDS (February 27, 1995)
BGR Central Net Value $16.10 $6.53 Price $12.75 $6.375 Discount 20.81% 2.4% Value $126,058,000 $115,383,038…
METALS COMMENTARY — Bull market for metals takes breather
All is not well in metal markets. Behind the wall of strong worldwide demand, conflicts are developing as physical and financial sectors diverge. After the the latest surge in exchange worries and the…
Murgor drilling
The first hole drilled on Murgor Resources’ (VSE) 14-claim Barry Twp. gold property in northwestern Quebec has intersected a 34-metre wide mineralized zone. Although assays are pending, the company re…
Noranda spending $20-m at Gaspe
For the second time in as many weeks, a unit of Noranda (TSE) is investing funds to develop a new ore deposit. Noranda Mining & Exploration (NM&E) will spend $9.5 million over the next two years to de…
Goldcorp finances Red Lake work
TSE-listed Goldcorp is spending $10 million on exploration and development at its Red Lake gold mine in Balmertown, Ont. The program, expected to last two years, consists of 200,000 ft. of exploration…
Minera Rayrock producing and exploring in Latin America
Significant developments are reported from three of Minera Rayrock’s (TSE) projects in Chile and Costa Rica. The Ivan copper project in northern Chile recently entered production. In January, it yield…