Silver Standard Resources expands into Russia
The acquisition of a 35% interest in Geolog, a privately held joint stock company in Russia, will expand the silver assets of Silver Standard Resources (TSE).Geolog owns the Lunnoe and Arylach silver …
News
Aquaterre expands in Nevada
By acquiring three mineral leases, Aquaterre Mineral Development (VSE) has increased its holdings in Nevada to more than 6,500 acres.The company expanded its HCS gold project by gaining the exclusive …
Cambior to acquire half of Gross Rosebel
Cambior (TSE) intends to acquire the half interest that Denver-based Golden Star Resources (TSE) holds in the Gross Rosebel gold project in Suriname.Since signing the option agreement in June 1994, Ca…
Columbia Yukon to begin drilling in Labrador
With $5 million in preliminary exploration work completed, Columbia Yukon Resources (ASE) is eager to begin drilling on 12 claim blocks in the Nain-Okak Inlet area of Labrador.Three of the claim block…
Pangea funds Fenn-Gib study
A private share placement will leave Pangea Goldfields (TSE) with $1.4 million to perform a feasibility study on the Fenn-Gib gold project, east of Matheson, Ont.Prefeasibility work by Kilborn Enginee…
Guyanese commission recommends restart of Cambior’s Omai gold mine
The commission investigating the failure of the tailings dam at the Omai gold mine in Guyana has recommended that the Guyanese government allow the operation to re-open.Omai’s owners, Cambior (TSE) an…
X-Cal plans further work on Sleeper gold project
Drilling on the Sleeper Extension project in Nevada’s Humboldt Cty. has returned gold values for X-Cal Resources (TSE), and work is expected to continue.The 4,200-acre property adjoins Amax Gold’s Sle…
Tandem-NAR to expand program
At their Guibord Twp. property, 17 km east of Matheson, Ont., juniors Tandem Resources (ME) and NAR Resources (ME) are following up on mineralization intersected in drilling at the end of 1995.The com…
Milestone set in Canadian shipping
A new milestone in Canadian Arctic shipping was set in late December, 1995, when an ice-breaking vessel delivered a cargo of petroleum products to Deception Bay. The cargo was delivered to Falconbridg…
Bakyrchik turns to Friedland for cash
Rather than issue more shares, and thereby dilute shareholder equity, management at London-based Bakyrchik Gold has sought a partner for the continued development of the Bakyrchik deposit in Kazakhsta…
Drilling tests the Mampon discovery
Results are in hand for the first diamond drill hole to test the Mampon discovery at the Dunkwa property in Ghana.The hole returned an average of 0.21 oz. gold per ton over 200 ft., including 36 ft. o…
East West starts Red Lake program
Vancouver-listed East West Resource (VSE) has obtained funds to start a work program on its Heyson Twp. property near Red Lake, Ont.Line-cutting crews are on site, and have started a grid of about 40 …