Drilling continues at Buffalo Valley
Alberta-listed Fairmile Acquisitions has identified several new zones of gold mineralization at the Buffalo Valley mine in northern Nevada. Drilling on the north-south-striking, 2,400-ft.-long Front f…
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MINING IN CHILE — Niugini projects increase in San Cristobal
The San Cristobal mine of Niugini Mining in the Atacama Desert in northern Chile produced 49,000 oz. gold and 139,000 oz. silver last year, compared with 58,000 oz. gold and 177,000 oz. silver in 1992…
LAST BUT NOT LEAST — Ariel to test San Rafael
In Costa Rica, Ariel Resources (VSE) will explore a mile of strike length northeast of the San Rafael zone at its San Martin mine. The zone contains about 4.3 million tons (minable by open-pit methods…
MINING IN CHILE — Homestake tests near El Hueso
In a bid to extend the life of El Hueso, a gold mine in Chile, Homestake Mining (TSE) has acquired additional lands around the minesite with a view to proving up reserves. The modest-sized, open-pit m…
LAST BUT NOT LEAST — Name change for Red Rock
Junior Red Rock Mining (NASDAQ) has acquired the Goldfield project in Nevada and changed its corporate name. Red Rock issued 12 million shares to American Resource (NASDAQ) for the latter’s 50% intere…
MINING IN CHILE — Project opportunities draw Canadian
The lure of large-tonnage, bulk-minable gold and porphyry copper deposits has a large number of Canadian juniors seeking opportunities in Chile. Lacking the financial resources of their major-sized co…
MINING IN CHILE — Zaldivar project on schedule
Construction of the Zaldivar copper deposit in northern Chile is expected to be completed in the second half of 1995. Partners Placer Dome (TSE) and Outokumpu Copper Resources project the capital cost…
CanTung assets eyed by suitors
Several mining groups are carrying out due diligence reviews of the assets of Canada Tungsten (TSE), and in particular the company’s advanced copper project near Andacollo, Chile. The company’s larges…
MINING IN CHILE — Rio Algom plans expansion for Cerro
The Cerro Colorado project has been producing copper since February and, already, owner Rio Algom (TSE) is talking of expanding. For 1994, output is anticipated to be 60 million lb. copper; for 1995, …
PEOPLE — MINORCA RES. (June 27, 1994)
Alfred Lenarciak appointed chairman; Lars Vannman appointed president and Joel Scodnick appointed vice-president; Stan Bharti appointed director.
MINING IN CHILE — Cyprus budgets US$1 billion for
An investment of US$1 billion is planned by Cyprus Amax Minerals (NYSE) for mine development of Chile’s El Abra copper project. Chilean state mining company Codelco recently accepted Cyprus’ revamped …
PEOPLE — FLORENTINE
Roger Dube appointed director and president; Bernardio Corbo and Paul McClure appointed directors.