Royal Oak can earn in at Willoughby
The potential of the Red Mountain area near Stewart, B.C., is being eyed by Royal Oak Mines (TSE).In addition to picking up the Red Mountain property from Barrick Gold (TSE) in exchange for a $3-milli…
News
Metals Commentary — Year-end projections show metals turning lacklustre
World metal markets are quietly softening, and annual sales are now expected to mirror those of 1994.Growth will likely be static for the balance of the year, particularly in North America where order…
Tri Origin resumes drilling Down Under at Lewis Ponds
Drilling has resumed on the Lewis Ponds property in New South Wales, Australia, in an effort to follow up an earlier discovery.Tri Origin Exploration (TSE) reports that the previous hole, 46, intersec…
Echo Bay ups its stake in Etruscan
Colorado-based Echo Bay Mines (TSE) has acquired 906,043 additional common shares of Etruscan Enterprises (VSE), thereby increasing its equity interest to 19.7% of outstanding shares (22.3% on a fully…
PEOPLE — ALPHA GOLD
Richard Wilson appointed vice-president of investor and shareholder relations.
Drilling boosts grades at Ok Tedi
Increased grades at the Ok Tedi mine in Papua New Guinea will enable the operation to continue at near-current production rates, instead of declining over the remaining 15-year life as previously anti…
Braddick, Blue Emerald seeking Norwegian metals
Vancouver-listed junior Braddick Resources has optioned 93 claims covering 26.5 sq. km north of Oslo, Norway.The claims cover one known massive sulphide deposit, the Skiftesmyr, as well as the on-stri…
Kinross ups inventory at Goldbanks property
Reserves at the Goldbanks joint venture in Nevada have been expanded following drilling by 50%-owner Kinross Gold (TSE).As well as outlining additional reserves below the Main zone, the combined core …
Santa Fe enters joint venture with Kazakhs
After months of negotiations, Santa Fe Pacific Gold (NYSE) has signed an agreement with the government of Kazakhstan concerning the Sharaltyn joint venture.The agreement sets forth provisions for the …
Madsen moves mill to Red Lake mine
All components of the Dona Lake mill have been moved to the Madsen gold mine property near Red Lake, Ont., as Madsen Gold (TSE) works toward its goal of resuming production at its namesake operation.M…
LABRADOR NEWS ROUNDUP — Lakefield buys Labrador ground
CDN-listed Lakefield Minerals has acquired a 25% interest in 1,992 claims in the Voisey Bay, Harp Lake, Mealy Mountains and Minipi Lake areas of Labrador. .TThe properties belong to Westpine Metals (V…
Pursuit signs agreements in Asia
Agreements with landholders in the Philippines and Indonesia have set the stage for International Pursuit (TSE) to expand its mineral holdings in those countries.In the Philippines, Pursuit and Vulcan…