TVI Pacific narrows sights in Mindanao
In a year dominated by news from its porphyry copper and massive sulphide projects in the Philippines, TVI Pacific (TSE) has been making slow but steady progress in its search for epithermal gold in t…
News
Cartaway, Peruvian resume drilling
Drilling on the southern margin of the Harp Lake Intrusive Complex in Labrador was expected to have resumed by presstime.Vancouver-listed partners Cartaway Container and Peruvian Gold report that thre…
Cominco drills SW Gold’s Peruvian properties
Delayed by road construction, a 9-hole drill program is expected to begin later this month on the high-grade Accha zinc-lead property in Peru.Cominco (TSE) can earn an initial half interest in the pro…
BHP takes control of Magma
Having cleared the anti-trust hurdle with the U.S. government, BHP (NYSE) is proceeding with its merger with Magma Copper (NYSE).In early January, the Australian miner completed a tender offer for a m…
ODDS’N’SODS — Is there a doctor in the bush?
Medical services were well-planned during the gold rush to Ontario’s Red Lake camp in 1926. There were a doctor and two nurses, who operated out of a small tent hospital in town, as well as two Red Cr…
DIAMOND NEWS ROUNDUP — Mountain Lake gets prospecting nod South Africa’s mines ministry has approved the diamond prospecting rights of Mountain Lake Resources (VSE) on its Mooi River properties.
Alluvial mining in the Mooi River Basin has produced more than 250,000 carats of gem-quality diamonds to date, worth in excess of US$100 million at current prices.A small test excavation on Mountain L…
CORRESTIONS
Newmont Gold’s partner at the Leeville Corridor is High Desert Mineral Resources of Nevada. Barrick Gold recently purchased the private company, which holds a 40% interest in the property. Vancouver-l…
Corrections (January 15, 1996)
Information on Global Mining Opportunities Symposium, to be held in Toronto on Jan. 25, can be obtained by phoning Keith Spence at (416) 867-6467. An incorrect number was given in our issue of Dec. 25…
Program planned for Prosperity
A loan from a private company associated with Robert Dickinson, president of Taseko Mines (VSE), will provide $1 million in interim financing for the company’s Prosperity gold-copper project in centra…
PEOPLE — BRITANNIA GOLD (January 15, 1996)
Luis Illich appointed vice-president of operations.
PEOPLE — BRADNER RES
Justin Rice appointed senior mining consultant.
MSV Resources announces course issuer bid
Toronto-listed MSV Resources has announced a normal course issuer bid for up to 5% of its outstanding shares.The shares will be bought on the open market over a 1-year period ending Dec. 19, 1996.