Babs drilling disappoints partners
Drilling on the Babs property in north-central British Columbia failed to return significant values for Vancouver-listed partners Northern Dynasty Minerals and Pacific Sentinel Gold.The companies dril…
News
Oroperu outlines gold zones at Toro project
Early drilling of the Toro project in northern Peru has proved auspicious for Oroperu Resources (CDN).While testing the overall geological structure and mineralization of the property with widely spac…
Dakota and Hecla join forces in Idaho
Dakota Mining (TSE) and Hecla Mining (NYSE) intend to combine their sulphide mineralization interests in the Stibnite-Yellow Pine area of central Idaho.Dakota and Hecla will share assets from the area…
Study calls for San Andres startup
A positive feasibility study on the San Andres gold project in Honduras has Greenstone Resources (TSE) sprinting to a third-quarter 1997 production date.Based on proven and probable reserves, the stud…
Freeport, Irian Jaya join in reform
New York-listed Freeport McMoRan Copper & Gold and the Indonesian government are hoping to increase the benefits of foreign investment in Irian Jaya.The Integrated Timika Development Plan, named for t…
Output of gold rises over year while nickel, silver slip below earlier levels
A comparison of production figures for Canadian minerals between February 1996 and February 1995 reveals a mixed bag.Although Canada yielded less silver, nickel, primary copper and potash over the 12-…
COMMENTARY — Perseverance and teamwork key to U.S. Mining Law reform
Federal Mining Law reform efforts in the U.S. have been delayed as a result of the current budgetary impasse. While this is a disappointment, a look at the bigger picture reveals positive aspects as w…
McGill to feature seminar on mineral project evaulation
As part of its ongoing series of professional seminars, the department of Mining and Metallurgical Engineering at McGill University in Montreal will host a 6-day course on the techniques and applicati…
Cortez partners increase stake in Royal Gold
The joint venture that operates the South Pipeline gold project in Nevada’s Crescent Valley has increased its hold on Royal Gold (NASDAQ).The Cortez joint venture, a partnership between Placer Dome (T…
Lithos finds gold on Guinean property
On its recently optioned property in Guinea, Lithos (ME) has identified an alluvial gold deposit with a resource exceeding 200,000 oz. grading 0.12 oz.gold per ton.Lithos must pay the Guinean vendor U…
STOCK MARKETS — Metals lose ground as TSE rises
The gold and base metal issues lost ground over the report period ended April 23, as the Toronto Stock Exchange creaked to a new high. The TSE 300 composite index slipped on April 17 but rose steadily…
Noveder options Baie Verte ground
Montreal-listed Noveder has signed option agreements involving three of its properties on the Baie Verte Peninsula in Newfoundland.Sulliden Exploration (ME) has acquired a half interest in the Long Po…