Banff acquires African cobalt play
Banff Resources (VSE) intends to buy all the issued and outstanding shares of Kasese Cobalt owned by the LaSource Group, a member of Australian-listed Normandy Mining Group.The LaSource Group has a 55…
News
LABRADOR NEWS ROUNDUP — Project 61 returns sulphides
Drills continue to turn on the Project 61 joint venture of NDT Ventures (VSE) and Takla Star Resources (ASE), about 7 km southwest of the Diamond Fields discovery in Labrador. The companies drilled th…
Dynacor identifies gold corridor near Quebec’s James Bay shore
Montreal-listed Dynacor Mines has identified a gold-mineralized corridor on its Lake Sakami property near Quebec’s James Bay shore.The corridor is nearly 8 km long and, on average, 5-10 metres wide. I…
Cambior deals Polo Sur to Magma
The Polo Sur copper property, northeast of Antofagasta, Chile, will be sold to the Chilean affiliate of Magma Copper (NYSE). Owners Cambior (TSE) and Cambiex (ME) will receive US$3 million and retain …
Westmin Res. extends Wolverine zone eastward
The tenth hole to be drilled on the newly discovered Wolverine zone has stepped out on the eastern extension and intersected 5.6 metres of faulted massive sulphides.The zone lies within the Foot claim…
Da Capo Resources advances Amayapampa gold project
With drill results from a 55-hole reverse-circulation program in hand, Da Capo Resources (VSE) is working to recalculate the size of the resource for the Amayapampa project in Bolivia.Da Capo is also …
Wyoming prospective for diamonds, says geologist
Although much of the state is underlain by an Archean craton favorable for diamond mineralization, only about a half dozen companies are exploring Wyoming for the gem stones.W.D. Hausel, senior econom…
LABRADOR NEWS ROUNDUP — Kennecott deals Labrador properties to Noront
Vancouver-listed junior Noront Resources has acquired three Labrador properties from Kennecott Canada. Two of the three claim blocks are situtated west of Okak Bay, while the third lies 9 km west of t…
Hecla experiences reversal
Disappointed with drill results, Hecla Mining (NYSE) has dropped its option on the Fortuna project in Mexico’s Sonora state.The company had the right to earn a 60% interest in the silver-gold project …
More high-grade results reported at Siwash
Deep drilling at the Siwash gold mine property in southern British Columbia has returned multi-ounce values for Fairfield Minerals (TSE).The program included five holes that tested an area where earli…
Drilling at Third Portage zone should boost gold resources
Drilling has wound down on the Third Portage zone of the Meadowbank property in the eastern Northwest Territories. The property is shared by Cumberland Resources (TSE) and Comaplex Minerals (TSE), whi…
NEWS IN BRIEF (October 23, 1995)
La Cleba Minerals (LCE:VSE) has changed its name to Lowell Petroleum (LP:VSE).