CaribGold accelerates Cuban exploration program
Positive results from initial area examinations have prompted Caribgold Resources (TSE) to intensify its gold exploration efforts in Cuba. In the Laura sector of the Camaguey property, diamond drillin…
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Galleon options Chilean project
An option agreement with a private company will allow Pacific Galleon Mining (VSE) to acquire the Raq-Apolo project in Chile. Galleon made the deal, under which it is committed to expenditures until t…
Murgor discovery near Chibougamou
A stripping and trenching program near Chibougamau, Que., has uncovered a significant zone of gold mineralization. The work, carried out by Murgor Resources (VSE), revealed a 100-130-ft.-wide, gold-be…
PEOPLE — MAR-WEST
Simon Ridgway appointed president and Richard Clark appointed director.
PEOPLE — NORANDA METALLURGY
David Goldman appointed president and chief executive officer.
DIAMOND PAGE — Russians make history with public listing of
The public listing of diamond exploration company Almazny Bereg on the Central Russian Universal Exchange marks an industry first. The company holds the development licence for the Verkhotina project …
Noranda restructures for growth
A restructuring by Noranda (TSE) has resulted in Noranda Minerals being replaced by two new entities, Noranda Mining & Exploration (NM&E) and Noranda Metallurgy. The announcement follows a year of “st…
Partners advance McDonald deposit
The so-called “7-up Pete” joint venture of Canyon Resources (NASDAQ) and Phelps Dodge (NYSE) has initiated the permitting process in order to bring the McDonald gold deposit into production. Situated …
Golden Star options Eteke
A subsidiary of Golden Star Resources (TSE) can earn an 80% undivided interest in the 900-sq.-km Eteke gold prospect in Gabon, West Africa. Previous exploration uncovered numerous areas with anomalous…
WCB benefits extended to gold miners’ estates
The Workers’ Compensation Board (WCB) in Ontario may pay compensation benefits to estates of gold miners who died of lung cancer. The original WCB policy restricted eligibility for entitlement and ben…
Omai testifies to leadership skills — Cambior’s Louis Gignac
Back in 1986, before Louis Gignac accepted the opportunity to head up a public mining company holding the crown jewels of Quebec’s government-owned Soquem, he wanted assurances that the company would …
Madsen to mine at Red Lake
Working to return its namesake mine to production in northwestern Ontario, Madsen Gold (TSE) is planning to extract 40,000 tons of upper-level ore for gold processing in 1995. President James Morlock …