PCS reaches safety landmark
The Potash Corporation of Saskatchewan’s New Brunswick division reached a safety milestone after working 1 million hours without a lost-time accident, a first in the province’s mining industry.Three-h…
News
STOCK MARKETS — Western markets shine despite lacklustre gold
A drop in gold prices to US$394 per oz. had little effect on western markets over the report period ended March 5.The Vancouver Stock Exchange resource index tacked on more than 55 points, finishing a…
William prepares to pour gold at Velardena project
Within a few short weeks, William Resources (TSE) will begin pouring gold from a mine that has a long and sporadic production history.Situated in Mexico’s Durango state, the Velardena project is, in m…
Corriente options Brazilian ground
A joint-venture agreement with Mountain Lake Resources (VSE) gives Corriente Resources (VSE) the right to earn a 51% interest in the 800-hectare Tesoureiro project in Brazil’s Minas Gerais state.The p…
Drills turn at Indo-Pacific’s Kavola
Drills are testing epithermal gold mineralization at the Kavola property of Indo-Pacific Resources (ASE) on the island of New Britain, part of Papua New Guinea.Five mineralizaed zones are known to exi…
More work planned for Ileninga Lake
With positive 1995 results in hand, Inco (TSE) is pressing on with exploration of the Ileninga Lake massive sulphide property in the Northwest Territories.Last year, the nickel giant acquired an optio…
Juniors continue exploration in Ontario’s Matheson region
Exploration continues along the eastern extension of the Destor-Porcupine fault zone. Teddy Bear Valley Mines (TSE) has taken an option on a property on the boundary between Cook and Guibord twps., 20…
Northfield pulls copper-gold in Ecuador
Testing the strike extension of the orebody at the Mercedes mine in Ecuador, Northfield Minerals (TSE) has intersected 37 metres of copper-gold mineralization.Northfield and its Ecuadorean joint-ventu…
H-L Corp. gains stake in claims near Voisey’s Bay
CDN-listed H-L Corp. has acquired a 20% interest in a group of claim blocks near Voisey’s Bay, Nfld.The claim blocks, which are 95 km northeast of the Voisey’s Bay nickel-copper-cobalt discovery, comb…
Noranda moves to acquire rest of Brenda Mines and Kerr Addison
Diversified miner Noranda Mines (TSE) revealed plans this week to buy up those shares of Brenda Mines (TSE) and Kerr Addison Mines (TSE) that it does not already own.Noranda, which owns 52.1% of Kerr …
Banner year reported for Phelps Dodge in ’95
With almost all operations turning in stellar performances, Phelps Dodge (NYSE) coasted through the end of the fourth quarter to post yet another record in net income.In 1995, the company raked in US$…
Barrick execs turn options into cash
Five senior officers of Barrick Gold (TSE) exercised options and traded shares of the corporation in December 1995 and January 1996.According to the Ontario Securities Commission’s OSC Bulletin, Louis…