Tombstone drills Venezuelan gold
At the Valle Hondo project in Venezuela, Tombstone Explorations (TSO-T) is working to define a new zone of gold mineralization intersected in the Apanao zone.Previously reported hole 33 returned 48 me…
News
PEOPLE — SRR MERCANTILE (December 16, 1996)
Michael Ross, Ryan Hanson, Souhail Abi Farrage and Glen Macdonald appointed directors.
PEOPLE — SPUR VENTURES (December 16, 1996)
George Plewes appointed director.
River makes progress at Edwards
The first underground assays from the Edwards mine of VenCan Gold (VCG-M) reveal grades similar to those indicated by drilling.River Gold Mines (RIV-T) has completed more than 240 ft. of sill drifting…
Highlands rebuffs takeover bid by Placer
Placer Dome (PDG-T) has been rebuffed in its attempt to take over Highlands Gold, the Papua New Guinea-based company that owns 25% of the Porgera gold mine.The major offered US$340 million (or A70 cen…
DIAMOND NEWS ROUNDUP — Redaurum to finance mine expansion
A rights offering is expected to generate proceeds of $3.3 million for Redaurum (RRK-T), to be used, in part, to expand diamond operations in North America.The company plans to expand its Kelsey Lake …
Farallon hits pay dirt at Campo Morado
At its Campo Morado property in Mexico, Farallon Resources (FAR-V) has uncovered a new, metals-rich massive sulphide deposit.Dubbed South Naranjo, the deposit was discovered during a drill campaign on…
Quebec releases new geological maps
Quebec’s ministry of natural resources has published 20 new geological maps based on geographical information system (GIS) technology.The System d’information Gominiere a rfrence spatiale (SIGOM) will…
Busang deal still awaited
The Busang gold deposit in Kalimantan continues to interest major mining companies, despite uncertainty related to the status of negotiations between the deposit’s owner, Bre-X Minerals (BXM-T), and s…
NWMA annual meeting underscores exploration strengths in North America
The current success of the mineral industry in the U.S. would not be possible were it not for the co-operation of Canadian financial institutions, according to Douglas Silver, a mineral economist with…
MOST ACTIVE ISSUES, Dec. 4-10
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ODDS’N’SODS — The end of the road
In 1961, I moved from a small town in Nova Scotia to the vibrant community of Red Lake, Ont.On my first morning on the job at the Madsen Red Lake gold mine, I was sent into town to receive a chest X-r…