Asia raises funds for China
Asia Minerals (AMP-A) will invest $6 million from a recent private placement in the Yingezhuang gold mining joint venture in China’s Shangdong province.The partners aim to increase the mine’s annual p…
News
Geonova plans summer campaign
The 1996 summer exploration season is in full gear, reports Geonova Explorations (GNE-M).The junior will carry out stripping and sampling work on properties in Quebec. These include the Desjardins, Ri…
Lawsuit delays closing date of DFR-Inco deal
Diamond Fields Resources (DFR-T) has launched legal proceedings relating to the lawsuit filed against it by a group of shareholders of Texas-based Exdiam.In a news release, DFR stated it is “not in a …
Gossan options property to Tantalum
A tantalite-lithium-tin prospect held by Gossan Resources (GSS-V) near Kenora, Ont., has attracted the attention of Tantalum, a unit of Cabot, an American-based chemical company.Selected grab samples …
Indo Pacific outlines targets
Junior Indo Pacific Resources (IPF-A) has identified six widely separated, gold-bearing targets at its Kavola prospect, in a rugged portion of Papua New Guinea.All six targets are being tested by tren…
ODDS’N’SODS — A Red Lake pioneer
Prospector George Campbell’s discovery, in late 1944, of rich, visible gold on the south shore of Balmer Lake, near the town of Red Lake, caused a gold rush to northeastern Ontario.In addition to the …
INVESTMENT COMMENTARY — Denison appears ready to bounce back
With its capital restructuring complete and uranium prices showing strength, Denison Mines (DEN-T) has the opportunity to reclaim a place among profitable producers of yellow cake.An analysis by Graem…
Vancouver, Lima exchanges ink deal
The Vancouver and Lima stock exchanges have signed an agreement to increase investment and business opportunities for companies operating in Peru.The agreement calls for sharing of information, includ…
South Atlantic submits proposals for African copper-cobalt projects
South Atlantic Diamonds (SCQ-V) is expanding beyond its portfolio of Brazilian diamond assets by acquiring several copper-cobalt projects in south-central Africa.The junior has submitted applications …
THE DIAMOND PAGE — Processing of Diavik sample continues
Partners Kennecott Canada and Aber Resources (ABZ-T) are advancing their Diavik diamond project in the Northwest Territories.The processing to date of 1,150 tonnes of a 3,000-tonne bulk sample from th…
Rea Gold records quarterly loss from operations
For the first three months ended March 31, 1996, owner Rea Gold (REO-T) recorded a loss of just under $1.2 million (or 3 cents per share), compared with a profit of $369,095 (1 cents per share) for th…
COMMENTARY — Mining and rural Canada
Andy Mitchell is member of Parliament for Parry Sound-Muskoka, Ontario, and chairman of the federal Standing Committee on Natural Resources, which is holding hearings on issues related to the developm…