News


Partners gain North Shore ground

Partners First Western Minerals (VSE) and Virginia Gold Mines (ME) have acquired three nickel-copper prospects northeast of Sept-Iles, Que.The properties, which occupy 23 sq. km, are near Magpie Lake,…


ODDS’N’SODS — The undaunted Finlander

I have met and worked with many geologists during my tenure in mining. These much-respected professionals possess many outstanding characteristics, not the least of which is determination. One geologi…



Gold resource is boosted at Brisas

The gold resource at the Brisas alluvial concession in southeastern Venezuela has been increased by 30%.Gold Reserve (TSE), owner of a 91% interest in Brisas, has added copper and gold from the northe…


Rea to recover from third quarter

Mechanical problems at the Mt. Hamilton mine have taken their toll on Rea Gold (TSE), as has the mining of a low-grade ore zone there.Production at the mine, situated near Ely, Nev., slipped to 7,100 …




Aur applies to repurchase shares

Aur Resources (TSE) has applied to the Ontario Securities Commission for an order that will exempt it from making formal notice of an issuer bid if it buys back shares held by Teck (TSE) and Cominco (…



Loma de Hierro granted approval

It’s full steam ahead for the Loma de Hierro laterite nickel project.A recent environmental approval by the Venezuelan government follows close on the heels of approval for the feasibility study.The p…


Production on the rise for Placer

Gold output for Placer Dome (TSE) is expected to reach 2 million oz. in 1996, up from a projected 1.8 million oz. in 1995.The company expects its cash cost of production to average US$220 per oz. in 1…


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