Audrey to drift at Mobrun project
An exploration drift will be driven during the third quarter to allow for testing at depth by drilling of the 1100 lens at the Mobrun polymetallic project near Rouyn-Noranda, Que., Audrey Resources (T…
News
Cyprus drilling Queenston ground
Diamond drills are being moved onto Queenston Mining’s (TSE) two properties near Kirkland Lake, Ont. Cyprus Canada, a subsidiary of Cyprus Minerals of Colorado, has launched an 8-hole, 10,000-ft. prog…
PNG seeks 50% of Lihir project, surprised Vengold left in
The government of Papua New Guinea is thwarting an agreement allowing Venezuelan Goldfields (VSE) to acquire a 20% interest in the Lihir Island gold project (T.N.M., Aug. 16/93). Just days after annou…
Jordex negotiates funding for exploration in Bolivia
An international company partly owned by the French government will provide funds to explore properties staked by Jordex Resources (TSE) in Bolivia. During the past 18 months, Jordex carried out a rec…
Bre-X active in Indonesia
An agreement has been signed with an international mining company to acquire a 55% interest in an advanced-stage porphyry copper-gold property in Indonesia, Bre-X Minerals (ASE) reports. The Taware Va…
Loki funds acquisition, plans drilling at Brewery Creek
The first phase (5,000 metres) of a planned 15,000-metre drill program was expected to be under way this month at the Brewery Creek property. Loki Gold (VSE) is now the operator following a previously…
NEWS ROUNDUP — Agnico begins Zone 6 work
A $15.1-million development program is under way at Zone 6 of the LaRonde mine, west of Val d’Or, Que. Agnico-Eagle Mines (TSE) expects the high-grade zone to be in production by mid-1995. Exploration…
NEWS ROUNDUP — Ecudor buys Dona Lake interest
Just weeks after buying the Dona Lake gold mine from Placer Dome (TSE) for $2 million, mining contractor Ross-Finlay has sold a 49% interest in the property to Societe Miniere Ecudor (ME) for $4 milli…
Sleeping Giant revived
The Sleeping Giant gold mine, 50 miles north of Amos, Que., has once again awoken from its slumber. Project partners Cambior (TSE) and Aurizon Mines (TSE), each with a 50% interest, started up the ope…
PEOPLE — ARIZONA COPPER CO. (AZCO)
Paul Hodges and Henry Grundstadt appointed to the advisory board of directors.
PEOPLE — GRESHAM RESOURCES (August 23, 1993)
Gary Fitchett appointed director, president and CEO; James Glass appointed chairman.
PEOPLE — WHISKEY CREEK (August 23, 1993)
Rene Carrier appointed president.