News

Britannia rules the mine rescue awards

A mine rescue team from the New Britannia mine in Snow Lake, Man., has won first place at a provincial competition.The team beat out competitors from Hudson Bay Mining & Smelting’s Flin Flon, Leaf Rap…


Copper and nickel output slips as gold edges up

Canada produced an increasing amount of gold between March 1995 and March 1996, but the country’s production of silver, copper and nickel slipped.Production of lead, zinc and salt also increased over …


Band-Ore firms up Thorne

With 12,000 metres of drilling now completed, Band-Ore Resources (BNDR-C) has traced the gold-bearing zones at its Thorne property along a 300-metre strike length.New results from the property, 10 km …


Etruscan builds resource at Tiawa

The Tiawa gold concession in Niger, acquired last year by Etruscan Enterprises (EET-V), is proving to be as valuable an asset as the company’s stake in the nearby Koma Bangou concession.An estimate, b…


Antares pours first gold from Lady Lina mine

The first gold from the Lady Lina mine of Antares Mining & Exploration (ANZ-T) has been poured.Initially, Antares plans to mill ore from each of Lady Lina’s orebodies to determine its metallurgical ch…


Rea Gold records quarterly loss from operations

For the first three months ended March 31, 1996, owner Rea Gold (REO-T) recorded a loss of just under $1.2 million (or 3 cents per share), compared with a profit of $369,095 (1 cents per share) for th…


NovaGold continues its African expansion

Junior NovaGold Resources (NRI-T) has been increased its international exposure by optioning two gold properties in Africa.The company can acquire an unspecified interest in the projects by paying US$…


Asia raises funds for China

Asia Minerals (AMP-A) will invest $6 million from a recent private placement in the Yingezhuang gold mining joint venture in China’s Shangdong province.The partners aim to increase the mine’s annual p…


Geonova plans summer campaign

The 1996 summer exploration season is in full gear, reports Geonova Explorations (GNE-M).The junior will carry out stripping and sampling work on properties in Quebec. These include the Desjardins, Ri…


Lawsuit delays closing date of DFR-Inco deal

Diamond Fields Resources (DFR-T) has launched legal proceedings relating to the lawsuit filed against it by a group of shareholders of Texas-based Exdiam.In a news release, DFR stated it is “not in a …


Gossan options property to Tantalum

A tantalite-lithium-tin prospect held by Gossan Resources (GSS-V) near Kenora, Ont., has attracted the attention of Tantalum, a unit of Cabot, an American-based chemical company.Selected grab samples …


Indo Pacific outlines targets

Junior Indo Pacific Resources (IPF-A) has identified six widely separated, gold-bearing targets at its Kavola prospect, in a rugged portion of Papua New Guinea.All six targets are being tested by tren…


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