Goldcorp finances Red Lake work
TSE-listed Goldcorp is spending $10 million on exploration and development at its Red Lake gold mine in Balmertown, Ont. The program, expected to last two years, consists of 200,000 ft. of exploration…
News
Minera Rayrock producing and exploring in Latin America
Significant developments are reported from three of Minera Rayrock’s (TSE) projects in Chile and Costa Rica. The Ivan copper project in northern Chile recently entered production. In January, it yield…
OBITUARY — Younie a career diamond driller
The former owner of Hydracore Drills of Richmond, B.C., Truman Younie, died recently of a heart attack. He was 67. Younie spent his entire career in the diamond drilling industry, having started in 19…
COMMENTARY — Rising nuclear generating capacity
The American consulting and information services company NUKEM predicts, in its recent monthly publication, that world nuclear generating capacity will grow during the remainder of this decade but tha…
Minnesota ponders copper-nickel deposits
A subcommittee of the governor’s Task Force on Mining and Minerals, charged with looking at the future of copper-nickel mining in northeastern Minnesota, has recommended that the state fund a $371,500…
DIAMOND NEWS ROUNDUP — BHP reports improvement in grade for
Results from diamond evaluations on the N.W.T. Diamonds project near Lac de Gras indicate an improvement in the grade of the Fox pipe. Last year, BHP Diamonds mined a 6,915-tonne sample from a decline…
Mines boost Prime’s bottom line
The Eskay Creek gold mine in northwestern British Columbia is up and running. The initial shipment of crushed and blended ore, destined for smelters in Japan and eastern Canada, was made early this ye…
Ashanti seeks opportunities
Ghana’s major gold producer, Ashanti Goldfields, plans to expand into other African countries via a new subsidiary, Ashanti Exploration. Nick Laffoley, head of Ashanti Exploration, told Knight-Ridder …
RFC program boosts Pend Oreille
Underground exploration by RFC Resource Finance (TSE) is enhancing the overall potential of the Pend Oreille project in northeastern Washington state, about 100 miles from Spokane. After incorporating…
Detector drills Pistol Lake zone
Junior explorer Detector Resources (ASE) has completed a 4,590-ft. drill program on its Pistol Lake property, 55 miles west of Thunder Bay, Ont. Previous work identified anomalous gold values over a 2…
Cambior follows yellow brick road
For the fifth year in a row, Cambior (TSE) has increased the level of its gold output. The Montreal-based company cranked out 522,077 oz. in 1994, compared with 518,083 oz. in the previous year. The o…
Pamlico returns gold values
Significant gold values have been encountered on the Pamlico property in Mineral Cty., Nev. VSE-listed partners Cactus West Explorations and Pamlico Gold report that drill hole PRC-28, at the northern…