More holes drilled at Taylor Brook
The latest hole drilled on the Taylor Brook property of Stratabound Minerals (ASE) shows a wider, but weaker, mineralized zone.Hole 18, collared 100 metres east of hole 17, intersected a 42-metre zone…
News
Royal Oak acts to remedy low earnings
Washington state-based Royal Oak Mines (TSE) has responded to disappointing year-end results by announcing decisions aimed at increasing the profitability of its gold-mining operations.At the end of t…
Akiko and Gold Canyon dispute back-in right for Springpole project
Former joint-venture partners Akiko Gold Resources (VSE) and Gold Canyon Resources (VSE) are at odds over a back-in right on the Springpole gold project in northwestern Ontario.Akiko holds the right t…
Procoloro raises funds and deals option on Vallejo
Procoloro Resources (ME) has given a private Quebec company, 29594785 Quebec Inc., an option to earn 45% of the Vallejo property in the Remedios district of Colombia.The 5.6-sq.-km concession has a ve…
Cambior and Aurizon boost production at Sleeping Giant
While gold production for the Sleeping Giant mine in northwestern Quebec was up in 1995, it did not reach mid-year projections.Output for the year was 48,042 oz., 12% higher than the 43,003 oz. produc…
Indomin adds to Indonesian holdings with two new acquisition gold projects
Junior Indomin Resources (VSE) has applied to expand its gold exploration in central and west Kalimantan.The two new applications cover about 255,000 hectares and host numerous alluvial gold showings….
Kennecott constructs huge Utah smelter
The largest construction project undertaken in the state of Utah is a fait accompli.The US$600-million Kennecott Utah Copper smelter, near Salt Lake City, was designed and built by Davy International,…
South Pacific explores in Indonesia
Indonesian explorer South Pacific Resources (VSE) will spend US$4.4 million testing its three properties on the island of Kalimantan.The program, which was fully funded by an equity issue in 1995, wil…
INSIDER TRADING — Campbell executives take shares as pay
Several officers and directors of Campbell Resources (TSE) exercised options and acquired shares in December 1995.According to the Ontario Securities Commission’s OSC Bulletin, Gary Cohoon, senior off…
INVESTMENT COMMENTARY — Solitario’s potential in South America is attracting interest
A strategic position in South America, a property package with geologic merit and the prospect of near-term exploration success have combined to make Solitario Resources (TSE) attractive to investors,…
Refugio ready to pour gold
One of the world’s largest open-pit gold mines, the Refugio in Chile, is up and running and ready to pour gold.Construction of the $127-million mine, a 50-50 joint venture between Amax Gold (TSE) and …
Lyndex to buy Spanish concentrator
CDN-listed Lyndex Exploration will buy a mill and related equipment for its Salave gold project in northern Spain.The Rubiales mill, also situated in northern Spain, has a capacity of 3,000 tons per d…