News
STOCK MARKETS — Eastern markets take post-referendum breather
Investors enjoyed a relaxing week on the Toronto Stock Exchange, as the market traded low volumes in a narrow range. By the close of trading Tuesday, the composite index had drifted down 12.38 points …
Green light flashes for Rea Gold’s Bissett
With one gold mine already in production in Nevada, Rea Gold (TSE) has begun constructing another, this time in southeastern Manitoba.When the wholly owned Bissett gold mine achieves full production i…
EDITORIAL PAGE — Mining in the new South Africa
Mining is a cornerstone of the economy of South Africa, so it is not surprising that diverse interest groups within the democratically governed country are debating the formulation of a national minin…
Outokumpu goes underground
As part of an advanced exploration project to investigate the Montcalm nickel-copper deposit, Outokumpu Mines will drive a 2.5-km decline to confirm reserves and provide information for a possible pro…
Drilling at Bonnie Dundee prospect in Australia encourages Nord Pacific
Results from drilling at the Bonnie Dundee prospect in Australia are lending encouragement to Nord Pacific (NASDAQ).The deposit lies 20 km southwest of the company’s Girilambone copper mine in New Sou…
Madison signs up Placer Dome to explore Buracao gold property
An option agreement has been finalized, giving Placer Dome (TSE) the right to earn a 63% interest in the 18,000-hectare Buracao gold property in Tocantins state, Brazil.The deal requires Placer to spe…
New zone discovered at Bongara
Perseverance appears to be paying off for Solitario Resources (TSE) at its Bongara zinc project in northern Peru. After nearly a year of exploration and the delineation of an oxide zinc resource, the …
Diamond drilling at Koma Bangou hits gold in bedrock
Early results from the diamond drilling program on the Koma Bangou property in Niger indicate that gold mineralization extends beneath the saprolitic zone into the non-oxidized bedrock.The work comple…
NEWS IN BRIEF (November 13, 1995)
Cliff Resources (CFK:TSE) has changed its name to Mineral Resources (MIC:TSE).
Westmin drilling expands Wolverine
A vertically drilled stepout hole on the most westerly extension of the Wolverine zone has yielded a true thickness of 6.5 metres grading 5.34% zinc, 1.73% copper, 1.23% lead, as well as 3.07 grams go…
St. Andrew Goldfields boosts presence in Timmins camp
With several new deals in the works, St. Andrew Goldfields (TSE) has stepped up the pace of its activities in the prolific Timmins gold camp of Ontario.St. Andrew reached an agreement-in-principle wit…