Partners exploring in Labrador
Partners Newfoundland Goldbar Resources (CDN) and Freewest Resources Canada (TSE) have contracted out 3,000 km of airborne geophysical surveying for their 19 properties in Labrador.The work, now under…
News
Cartaway plans more drilling in Labrador
Drilling on the Peruvian B project, 200 km northwest of Goose Bay, Labrador, has returned disappointing results for partners Cartaway Container (ASE) and Peruvian Gold (VSE).The former drilled four ho…
No Headline (March 04, 1996)
Two private placements are expected to net proceeds of $2.05 million for Continental Caretech (CDN).The funds will be used for general corporate purposes, as well as to fund gold exploration programs …
Banner year reported for Phelps Dodge in ’95
With almost all operations turning in stellar performances, Phelps Dodge (NYSE) coasted through the end of the fourth quarter to post yet another record in net income.In 1995, the company raked in US$…
New Goldcore resumes drilling at Clinton
Drilling has resumed at the Clinton copper-zinc project of New Goldcore Ventures (ME).The Clinton property is situated in the Eastern Townships area of Quebec. It encompasses the past-producing Clinto…
Chapleau Res. drills for base metals in N.B.
Northern New Brunswick is the focus of base metal exploration by several junior companies, including Chapleau Resources (VSE), which is carrying out drilling and geophysical work on the Shingle Gulch …
Royal Oak extends offer for Consolidated Professor Mines
Royal Oak Mines (TSE) has extended its offer to acquire all the common shares of Consolidated Professor Mines (TSE).At presstime, Royal Oak announced it had acquired 16.1 million shares of Consolidate…
Noranda drops its option on Aquiline ground
After drilling five holes on the San Isidro copper property in Mexico’s Michoacan state, Noranda (TSE) has decided to drop its option.The major held the right to earn a 51% interest in the property fr…
Eskay Creek windfall for Prime
The opening in 1995 of the Eskay Creek mine in northwestern British Columbia boosted net earnings of Prime Resources Group (TSE) to $36.5 million, up from $7.1 million in 1994.Cash flow for the period…
TVI’s Canatuan project approved for production
Production is scheduled for 1997 at the Canatuan massive sulphide deposit, on Mindanao Island in the Philippines, following completion of a final feasibility study for TVI Pacific (TSE).The study reco…
Noranda moves to acquire rest of Brenda Mines and Kerr Addison
Diversified miner Noranda Mines (TSE) revealed plans this week to buy up those shares of Brenda Mines (TSE) and Kerr Addison Mines (TSE) that it does not already own.Noranda, which owns 52.1% of Kerr …
Caledonia finds Zambian cobalt
Geochemical prospecting has led Caledonia Mining (TSE) to a cobalt showing at its Nama property in the copper belt of northern Zambia.Soil geochemical surveys, completed over half of the 180-sq.-km ex…