Petaquilla drilling continues to deliver
Drilling on the Petaquilla property in Panama continues to return gold values on the Molejon zone.The drilling is aimed at outlining a stand-alone gold mine, while feasibility work continues on the ne…
News
MNDM unveils computer aid system
Ontario’s Ministry of Northern Development and Mines has unveiled computer technology which will give Timmins-area clients electronic access to more than 1 million pages of mineral exploration documen…
Cornucopia Res. to acquire gold producer in Arizona
The planned purchase of Addwest Minerals for US$22.3 million will give Cornucopia Resources (TSE) a 50,000-oz.-per-year gold producer.Addwest, a wholly owned subsidiary of Addington Resources (NASDAQ)…
Ivory starts work program
Exploration work is under way on property held by Ivory Oils & Minerals (VSE) about 12 km southwest of Diamond Fields’ main discovery in the Voisey Bay region of Labrador.The first phase of work inclu…
NEWS IN BRIEF (July 10, 1995)
Canadian Comstock Explorations (CKX:VSE) has changed its name to American Comstock Explorations (AEK:VSE) on a 1-new-for-4-old-share basis.
Miranda options Mexican property
Miranda Industries (VSE) can acquire the Colorada gold concession in Mexico’s Sinaloa state.To do so, it must make annual payments of US$58,000 over a 5-year period, followed by a final payment of US$…
COMMENTARY — Computerized maintenance costs
Many mining and construction companies have purchased computerized maintenance management systems (CMMS), only to find that the system cannot be used until someone feeds the database with the followin…
Cameco finances Kyrgyzstani mine
Toronto-listed Cameco can now proceed with development of the US$360-million Kumtor gold deposit in Kyrgyzstan.Certain lenders will commit US$270 million to the project, and the balance will be provid…
LABRADOR NEWS ROUNDUP — Butec, Troymin option nickel prospects
Partners International Butec Industries (VSE) and Troymin Resources (VSE) have acquired an option on a 170-sq.-km property in Labrador.The property contains three known concentrations of massive sulph…
PEOPLE — SANTA CATALINA
Lukas Lundin appointed president.
PEOPLE — MINERAL RES.
John Byrne elected executive chairman.
PEOPLE — MAGMA COPPER (July 10, 1995)
Marc Ingelbinck appointed vice-president of commercial sales.