Cominco (CLT-T) has completed a preliminary 4-hole drill program on the joint-ventured Accha property of Southwestern Gold (SWG-T) in southern Peru.Cominco tested the extent of high-grade zinc-lead mi…
The merger of Royalstar Resources (RYQ-V) with Attwood Gold (ATW-V) is being negotiated.John Young, Royalstar’s current president, will preside over the new company, which will retain the name Attwood…
Southern Peru Copper (PCU-N) has opened a solvent extraction-electrowinning plant near the town of Toquepala in southern Peru.The plant, which was constructed at a cost of US$103 million, represents t…
Consolidated Nevada Goldfields (KNV-T) has signed a deal with Mexican miner Grupo Real del Monte that will lead to a six-fold increase in reserves for the American company.The companies are merging th…
To date, Abacus Minerals (AMC-V) has drilled 23 holes at the Niblack project in southeastern Alaska, and reported preliminary results from six of them.At the Lookout Mountain zone, drilling has identi…
Melvin Reeves appointed director.
Although the last of the ore has been hauled from the last of Elliot Lake’s mines, the task of reclaiming and revitalizing this former one-industry town has just begun.Beginning in 1955, the mining in…
Diamond drilling has begun at the Cameron Lake gold property, a joint venture between Nuinsco Resources (NWI-T) and Cambior (CBJ-T).The project lies 80 km southeast of Kenora, Ont. Reserves are estima…
Cominco (CLT-T) has acquired a 25.5% interest in the Peruvian company Inversiones Colquijirca, which holds a 51% interest in Sociedad Minera El Brocal.Minera El Brocal’s principal assets include the 2…
Cordex Exploration has signed an agreement with Cathedral Gold (CAT-T) to option the 75 North gold property in the Battle Mountain trend of Nevada.Cordex can earn a 65% interest in the 2,100-acre prop…
Drills are now turning on the outskirts of Nain, Labrador.The first of 15 holes to be drilled by NDT Ventures (NDE-V) on its Project 44 joint venture with Takla Star Resources (TKR-A) was started last…
Newmont Gold (NGC-N) and Japan-based Sumitomo have reached an agreement to develop jointly the Batu Hijau copper-gold deposit on the Indonesian island of Sumbawa.Newmont will hold a 45% interest, havi…
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