Ore outlined at Cerro San Pedro
A prefeasibility study on the Cerro San Pedro heap-leach gold-silver project in central Mexico has outlined nearly 2 million oz. gold-equivalent.Owner Metallica Resources (TSE) estimates a preliminary…
News
CaribGold surveys Cuban properties
In search of drill targets, CaribGold Resources (TSE) is conducting geophysical surveys on its most advanced properties in Cuba.An induced-polarization (IP) survey exceeding 50 line km is being carrie…
Cons. Professor gives in to takeover by Royal Oak
Several large shareholders in Consolidated Professor Mines (TSE) have agreed to an 80 cents-per-share takeover offer from Royal Oak Mines (TSE). For its part, Royal Oak will be looking at production p…
PRODUCER PRICES (February 12, 1996)
ALUMINUM: MW U.S. market US72.5 cents-73.5 cents per lb. (Jan. 26, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 1995…
Newminex drills Newfoundland base metal property
Newfoundland Mining & Exploration (or Newminex) has hit base-metal mineralization in three of seven holes drilled at its property near past-producing mines in central Newfoundland.Results from the thr…
PEOPLE — FARALLON RES. (February 12, 1996)
Robert Hunter appointed chairman and director; J. Villagran Ochoa appointed vice-chairman and director; Robert Dickinson appointed chief executive officer and director; David Jennings appointed presid…
Crown takes greater share in Solitario Res.
Toronto-listed Crown Resources has acquired, through a private placement, another piece of Solitario Resources (TSE).Crown paid $3.6 million to buy 1.57 million units of the smaller company at $2.31 p…
Chief beefs up deposit in Utah
If the latest assays are any indication, Chief Consolidated Mining (NASDAQ) will be increasing its reserve estimates for the New Burgin deposit in Utah.Five holes, drilled underground, encountered hig…
Avalon, Starcore nab five N.W.T. properties
Avalon Ventures (VSE) and Starcore Resources (VSE) have acquired five additional mineral properties between them in the Mazenod Lake area of the Northwest Territories.The companies have agreed in prin…
ODDS’N’SODS — Taking the Bull by the horns
Noranda Mines moved into the Porcupine camp in the mid-1930s and, in due course, made its presence felt by opening the Pamour mine in 1935-36, the Hallnor mine in 1937-38 and the Aunor mine in 1939-40…
EDITORIAL PAGE — Whose side are they on?
The president of Crown Butte Mines was right to question the integrity of the environmental review process in the United States at last year’s Northwest Mining Conference in Spokane, Wash.It is easy t…
Beaver Brook shows potential
Underground work at the Beaver Brook antimony project in central Newfoundland has confirmed the interpretation of surface drilling, showing that there is potential for stronger mineralization.Owner Ro…