Caledonia in Scotland
An agreement has been signed enabling Caledonia Mining (TSE) to acquire Scottish-based gold explorer Fynegold Exploration for US$4.25 million plus 500,000 Caledonia shares. Fynegold holds licences and…
News
Corner Bay projects advance
Management of Corner Bay Minerals (TSE) has received encouraging results from two separate joint ventures near Chibougamau, Que. On the Group 1 “Inner Block” property, where copper reserves have been …
MacDonald cuts gold in Cuba
Diamond drilling has encountered high-grade, parallel mineralized zones at the Florencia Sector gold deposit near Camaguey, Cuba, reports project operator MacDonald Mines Exploration (CDN). Last fall,…
Developments at Barrick, Noranda
Senior gold producer American Barrick Resources (TSE), which recently changed its name to Barrick Gold Corp., has announced that the planned sale of four gold properties — the Macassa and Golden Patr…
Tri Origin wraps metallurgical tests
Mixed results are reported from preliminary metallurgical tests conducted on samples from the Lewis Ponds polymetallic project in Australia. Property owner Tri Origin Exploration (TSE) obtained the co…
Granges, Hycroft plan merger
A merger proposal has been presented to Hycroft Resources & Development (TSE) by its 50.5% parent, Granges (TSE). The amalgamation would require the calling of special meetings of the shareholders of …
Lithos tests Wrightbar mine
Sampling of an exploration drift directed to zone B on the 350-ft. level of the Wrightbar gold mine workings near Val d’Or, Que., has returned encouraging values, Lithos (ME) reports. The old mine, cl…
Restoration plan for Westray site
The Westray coal mine in Nova Scotia will be sealed, its silo removed and the land restored, beginning this spring. In the meantime, the Nova Scotia government will finance a study to see whether a tr…
FACTS + FIGURES — Mining along the Iron Range
For more than a century, gigantic blasts designed to shake loose millions of tons of iron ore have rattled the ground across the Iron Range. Along with the weekly blasts have come noise and dust, and …
Sampling programs can benefit from large bowl pulverizers
Although large bowl pulverizers have been used throughout the rest of the world for 10 years, acceptance of them has been slow in North America. What are large bowl pulverizers? They can accept 500-5,…
GSA 95 meeting set for Fairbanks
The Geological Society of America’s Cordilleran Section is organizing its 91st annual meeting for May 24-26 in Fairbanks, Alaska. The conference, titled “GSA 95: At the Top of the World,” will be host…
STOCK MARKETS — Incredible shrinking dollar leaves TSE
Weakness in the Canadian dollar, combined with soaring interest rates, caused the TSE to post a loss over the 5-day report period ended Jan. 17. The composite 300 index dropped 44.31 points to close a…