West African gains ground in Burkina Faso
By signing two exploration permits, West African Mining Exploration (ME) will acquire a 75% interest in the mining concessions of Tambaga and Tindangou in southeastern Burkina Faso.The permits add 1,0…
News
Mountain Minerals targets Greenland
Industrial minerals producer Mountain Minerals (TSE) will buy from Platinova A/S (TSE) a 25% interest in the Gardar project, otherwise known as Ilimaussag.Situated in South Greenland, the Ilimaussag c…
Nuinsco pulls values at Rainy River
Drilling by Nuinsco Resources (TSE) at its Rainy River project, 40 km northwest of Fort Frances, Ont., has revealed more nickel-copper mineralization.Drill hole NR96-29 intersected a gabbro intrusion …
ODDS’N’SODS — Back to Bralorne
Seldom does one have the opportunity to return to places that had a special significance in one’s past, yet this is what happened to me when I recently visited the Bralorne-Pioneer mine properties in …
Sutton recalculates Kabanga resource
A revised calculation has improved the resource at Sutton Resources’ (VSE) Kabanga nickel project in Tanzania.Using a nickel cutoff grade of 0.7% and the results of a recent drill program, the resourc…
Production set for April 1998 — Royal Oak prepares for Kemess construction
Following the recent resolution of certain permitting matters, Royal Oak Mines (TSE) is free to proceed with construction of the Kemess gold-copper project in British Columbia.The Project Approval Cer…
Arequipa Res. advances tunnels at Pierina
A tunnel driven by Arequipa Resources (TSE) into a hillside at the Pierina gold project in north-central Peru has returned a consistent grade of 4.78 grams gold and 154 grams silver per tonne over a l…
COMMENTARY — PDAC program teaches schoolchildren the basics of mining
Patricia Dillon is a senior geologist at Teck Exploration and chairman of the Education Committee of the Prospectors & Developers Association of Canada (PDAC). She has written the following article at…
Canada to help fund democratic initiatives in African nations
Canada will contribute $2.2 million to a fund established to support democratic development in Africa.The Democratic Development Fund, which is designed to provide election support, will be disbursed …
GREATEST VALUE TRADED (May 06, 1996)
Inco Ltd T166947$46 3/44546+1/2Diamond Flds T159597$42 3/840 1/841 7/8+1 1/2Placer Dome T151717$38 1/237 1/837 7/8-1/4Barrick Gold T125254$41 7/840 3/441 3/4+5/8BRE-X Mnrls…
STOCK MARKETS — Western markets hit record highs
Western markets continued to advance at a breakneck pace over the report period ended April 30 with both the Vancouver Stock Exchange resource and composite indices hitting new 52-week highs.The resou…
American Mineral raises $30 million
Arkansas-based American Mineral Fields (VSE) has raised $30 million to acquire, explore and develop mining properties worldwide.Through a private placement, American issued 4 million special warrants …