Greenstone raises US$25m for 1996
In order to fund all its planned 1996 programs without issuing any more equity, Greenstone Resources (TSE) has arranged US$25 million in debt financing.The financing consists of a US$15-million line o…
News
Potential of Kazakhstani project grows
Initial drill results from the Varvarinskoye gold-copper-silver deposit in northern Kazakhstan are confirming previous resource estimates.Kazakhstan Minerals (CDN) is attempting to confirm in situ res…
Royal Gold, High Desert form Crescent Valley JV
Another joint venture in the Crescent Valley of central Nevada is getting ready to explore for gold. Royal Gold (NASDAQ) and High Desert Mineral Resources (VSE) have formed a company, Royal High Deser…
Drilling expands Paron
An updated reserve estimate is being prepared for Arequipa Resources’ (TSE) Paron gold property in northern Peru.The recalculation follows infill and delineation drilling conducted on a tabular, outcr…
Chislett, Verbiski named PDAC’s top prospectors
In a year that saw Voisey’s Bay turn the eyes of the world’s mining industry toward Canada, it comes as little surprise that the men responsible for its discovery are being formally recognized by thei…
Drilling planned for Alliger West
Drills are about to turn at the Alliger West claim block, 75 km north of the Voisey’s Bay copper-nickel-cobalt discovery in Labrador.Ownership of the property is shared equally among Athabaska Gold Re…
Silver-tin deposit confirmed for Sunshine
Drilling is confirming the existence of a large, disseminated silver-tin deposit at the Pirquitas property in northwestern Argentina.Sunshine Mining & Refining (NYSE) reports that mineralization occur…
Tan Range set to explore in Ethiopia
The government of Ethiopia has granted Tan Range Exploration (TSE) the exclusive right to explore a 210-sq.-km mineral licence.The agreement covers exploration for gold on the Ilagere Mariam and Tulu …
Syndicate, Archon cancel agreement
The Slave Diamond Syndicate has terminated its agreement with Archon Minerals (VSE).Archon held the right, up until the end of 1995, to select potential kimberlite targets on claims owned by the Syndi…
WGS publishes diamond, gold reports
Publications describing potential targets for exploration in the Wyoming geological province and elsewhere in the U.S. are available from the Wyoming State Geological Survey (WSGS).The publications re…
Meetings (March 11, 1996)
March 18, Madrona — annual, general, specialMarch 19, Citadel Gold — annualMarch 19, Credo Mining — annual, general, specialMarch 19, Eaglecrest — annual, generalMarch 19, New North — specialMarc…
Noranda concludes Yamana earn-in
Noranda Mining & Exploration (a unit of Toronto-listed Noranda) has notified Yamana Resources (TSE) that it has elected to terminate the earn-in agreement on the Tierra del Fuego massive sulphide proj…