Cambior deals Polo Sur to Magma
The Polo Sur copper property, northeast of Antofagasta, Chile, will be sold to the Chilean affiliate of Magma Copper (NYSE). Owners Cambior (TSE) and Cambiex (ME) will receive US$3 million and retain …
News
Drilling expands Red Chris
Drilling continues to expand the resource potential of the Red Chris copper-gold project in northern British Columbia.American Bullion Minerals (VSE) holds an 80% interest in the project and is furthe…
Korea Zinc takes share in Chief Consolidated
Asian smelting firm Korea Zinc has bought half a million unregistered shares of Chief Consolidated Mining (NASDAQ) in a private placement. The US$2-million transaction gives Korea Zinc 9.6% of the jun…
Da Capo Resources advances Amayapampa gold project
With drill results from a 55-hole reverse-circulation program in hand, Da Capo Resources (VSE) is working to recalculate the size of the resource for the Amayapampa project in Bolivia.Da Capo is also …
Rayrock files legal action for right of access at Dee mine
Lawyers acting for Dee Gold Mining, the unit of Rayrock Yellowknife Resources (TSE) that operates the Dee gold mine, have filed an action in a Nevada district court to acquire an easement across the a…
Westmin Res. extends Wolverine zone eastward
The tenth hole to be drilled on the newly discovered Wolverine zone has stepped out on the eastern extension and intersected 5.6 metres of faulted massive sulphides.The zone lies within the Foot claim…
TVI expands exploration program at Rapu Rapu
Results of geophysical work and shallow drilling at the Rapu Rapu property in the Philippines have spurred operator TVI Pacific (TSE) to expand its exploration program.Two deposits are already known o…
Wyoming prospective for diamonds, says geologist
Although much of the state is underlain by an Archean craton favorable for diamond mineralization, only about a half dozen companies are exploring Wyoming for the gem stones.W.D. Hausel, senior econom…
LABRADOR NEWS ROUNDUP — Kennecott deals Labrador properties to Noront
Vancouver-listed junior Noront Resources has acquired three Labrador properties from Kennecott Canada. Two of the three claim blocks are situtated west of Okak Bay, while the third lies 9 km west of t…
Lorraine play returns copper for Lysander
Additional drill results from the Lorraine property in central British Columbia have returned encouraging copper intersections for Lysander Gold (VSE).Lysander owns the property, subject to a 60% back…
Hecla experiences reversal
Disappointed with drill results, Hecla Mining (NYSE) has dropped its option on the Fortuna project in Mexico’s Sonora state.The company had the right to earn a 60% interest in the silver-gold project …
COMMENTARY — A not-so-Superfund
The Superfund program in the U.S. has been under fire for some time, and the heat may be turned up in a new book that is expected to be published in 1996.The manuscript, tentatively titled Moving Yard…