Barrick to develop third mine at El Indio
Exploration at the Chilean project known as El Indio has uncovered a new gold deposit, and Barrick Gold (TSE) expects it will form part of what would be its third mine in South America.The Pascua mine…
News
Greenstone expands its Libertad concessions
A US$1.5-million exploration program at the Libertad concessions in Nicaragua is bearing fruit for Greenstone Resources (TSE).Four new zones of gold mineralization have been identified, two of which h…
Rio gives nod to Smith Ranch mine
Stronger demand and better prices for uranium have prompted the U.S. subsidiary of Rio Algom (TSE) to proceed with development of its Smith Ranch uranium project in Wyoming’s Powder River basin.The pr…
Production anticipated for Mantua project
A production decision for the Mantua open-pit, gold-copper project in Cuba is pending now that a final feasibility study has been approved by the joint-venture partner of Northern Orion Explorations (…
TSE SHORT POSITIONS (February 05, 1996)
Short positions outstanding at January 15, 1996Larger individual positions included: Barrick Gold 6,795,418; Agnico-Eagle 288,435; Adex Mining 216,500; Arequipa Res. 164,600; Anvil Range 144,500; Bema…
Campbell expands into Panama
With its latest acquisition, Campbell Resources (TSE) has expanded farther into Latin America, beyond its Santa Gertrudis gold mine in Mexico. The company can now acquire the Cerro Quema gold project …
SNC-Lavalin to take Kilborn Holdings
Montreal-based SNC-Lavalin, Canada’s largest engineering and construction company, has signed an agreement to acquire, for an undisclosed amount, Kilborn Holdings, a Toronto-based engineering company….
Golden Bear ready to roar in ’96
With new minable reserves calculated for the Kodiak A and Ursa deposits, North American Metals (VSE) is preparing to begin a 170,000-tonne heap-leach operation at its Golden Bear property in northwest…
Cyprus grabs Taurus by the horns
Now that metallurgical tests have confirmed its expectations for gold recovery, Cyprus Canada will proceed with the next phase of exploration at the Taurus project, near Cassiar, B.C.The company, a wh…
Rea Gold seeking another Mt. Hamilton
Rea Gold (TSE) is busy drilling at its Mt. Hamilton mine in eastern Nevada, and results are proving positive.The reverse-circulation program is testing the new Chester gold structure. Forty holes, tot…
New zones found at Eskay
The newly discovered NEX and Hanging Wall zones at the Eskay Creek mine in northwestern British Columbia are estimated to contain a diluted geological resource of 227,000 tons grading 0.88 oz. gold an…
PEOPLE — GRANGES (January 29, 1996)
A. Ali appointed chief financial officer.