NEWS ROUNDUP — Ecuadorian drills two properties
Drilling is planned or in progress on two gold properties held by Ecuadorian Minerals (ASE) in Ecuador. On the Gaby property, a second phase of work has begun, consisting of 23,000 ft. of diamond dril…
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NEWS ROUNDUP — Orco, Metall in mill deal
Ore from the Donalda gold project of Orco Resources (ME) at Rouyn-Noranda, Que., will be treated at the nearby Norbec mill. Orco has signed a contract with mill owner Metall Mining (TSE) for two years…
Bidding to extend mine life — Claude buys big land position
Having last year resolved a dispute with a major creditor, Saskatoon-based Claude Resources (ASE) is confidently building gold reserves, averaging 10-11 grams per tonne, on a ground package centred on…
Cuba, Sherritt sign deal to develop nickel, cobalt deposits
Alberta-based Sherritt (TSE) has signed a joint agreement with the Cuban government to mine, process and sell nickel and cobalt on a world-wide basis. Representing the Cuban government in the arrangem…
Cyprus expands Cache gold zone in N.W.T.
Drilling by Cyprus Canada, a unit of Cyprus Amax Minerals (NYSE), has expanded the size of the Cache gold zone in the eastern Northwest Territories. Property owner Noble Peak Resources (ASE) discovere…
Cambior develops Grevet property
The polymetallic Grevet project in northwestern Quebec will be prepared for production in late 1985 or early 1996 at a cost of $81 million. Directors of owner Cambior (TSE) recently approved the feasi…
Kemess South entices Vengold
An advanced mining play in British Columbia has caught the eye of Vengold (TSE), the junior that holds the largest area of gold concessions in Venezuela’s Kilometre 88 district. The company plans to a…
MINING IN CHILE — Codelco probe continues
Criminal investigations continued this month into the huge losses, made mainly on the London Metals Exchange, by state-owned Chilean mining company Codelco. The losses of more than US$200 million in f…
Repadre hopes for rewards
Shareholders at Repadre Capital’s (TSE) annual meeting learned that their company could reap big rewards from diamond discoveries by Aber Resources (TSE) in the Northwest Territories. Repadre owns a 1…
MINING IN CHILE — Guanaco mine overcoming startup problems
The Guanaco open-pit mine has been in production for more than a year and 90%-owner Amax Gold (NYSE) is still working the bugs out of the system. Situated 145 miles southeast of Antofagasta, the mine …
MINING IN CHILE — Gold exploration spending drops
Spending on gold exploration in the U.S. dropped US$6 million in 1993 as mining companies continued to devote more of their budgets to searching for deposits in Latin America and other countries, says…
MINING IN CHILE — Business travel spending on rise
Canadian companies are spending a record $11.6 billion on business travel, with most predicting that they will spend at least the same or more during the next 12 months. The American Express 1994 Surv…