Waddy wins approval to bulk-sample Komis
Toronto-listed Waddy Lake Resources has won provincial approval to carry out bulk sampling at its Komis gold deposit in northern Saskatchewan. To establish vertical and lateral grade continuity, the c…
News
Sagging nickel markets pummel Inco earnings
A continued deterioration in world nickel markets was a major factor in the third-quarter operating results of the primary metals business of Inco (TSE). The company was hit by rising inventories and …
Denison projects turned down
A joint federal-provincial panel has wagged a prohibitive finger at two Saskatchewan uranium projects involving Denison Mines. The panel, set up to examine the economic and environmental impact of sev…
Cercal finishes second drill hole
A second hole (No. 93-12) on Cercal Mineral’s (ASE) base metal property in Portugal has been completed, to a depth of 620 metres. The hole, drilled to test gravity anomaly A, intersected felsic tuff a…
NEWS ROUNDUP — Granada set to produce
The Granada gold project, 6 km southwest of Rouyn-Noranda, Que., is set to begin producing this month. Joint owners KWG Resources (ME) and SEG Exploration (ME) report that the property, a former produ…
Lac reports quarterly loss
A decision to spend an additional $5.5 million on increased exploration of the Red Mountain gold project in British Columbia has led to a quarterly loss, Lac Minerals (TSE) reports. The gold producer …
NEWS ROUNDUP — Orvana plans financing for Butte play
Taking advantage of the recent jump in its share price, Orvana Minerals (TSE) plans to raise $19.2 million through a private placement at $7.37 per share. Proceeds would fund further exploration of th…
Kookaburra Res. drops Chaucha
After receiving results of column testing of supergene ore from a copper prospect in Ecuador, Kookaburra Resources (TSE) decided to drop its option. It had the right to earn a half interest in the Cha…
Jordex expands Bolivian portfolio
Toronto-listed Jordex Resources has added substantially to its land position in Bolivia’s Precambrian Shield. The recent acquisition of the 4,431-hectare Paula Cecilia property brings to 45,000 hectar…
ODDS’N’SODS — The necessity of thinking fast when
Hunting for a job in the mines in the “Hungry ’30s” required perseverance, determination and precocity, as well as a forced bravado born of necessity. It was no task for the faint of heart, when there…
DIAMOND PAGE — Details are sketchy as Cons. Pine awaits
Management of Consolidated Pine Channel Gold (VSE) expects it will be several more weeks before details are available on the Tobin Lake project where a hole has reportedly intersected pyroclastic kimb…
Canmine options Golden Blue play
Junior Canmine Resources (CDN) has agreed to option up to half of the Golden Blue property near Bissett, Man. In return, the company must spend $200,000 over five years. A shaft was sunk in the late 1…