Cyprus Amax suspends mining at Climax mine in Leadville
Inco Ltd T173433$47 1/444 1/445 7/8-1 3/8.TBarrick Gold T115839$37 1/834 5/834 5/8-2Placer Dome T106226$39 1/436 36 1/2-2 1/4Diamond Flds T65703$70 3/468 3/4 69 3/4-7/8Falco…
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Uranerz, partners drill-test Saskatchewan kimberlite field
Diamond exploration is always a needle-in-a-haystack venture, but the four joint-venture partners looking for gems beneath the Saskatchewan prairies figure they have enough haystacks to make their odd…
Glamis Gold options Aquiline’s Jojoba project in N.W. Mexico
Drilling is planned for La Jojoba, a property in Mexico’s Sonora state.Glamis Gold (TSE) will fund the work under an option to earn a 75% interest from Aquiline Resources (VSE).Glamis must also pay US…
LABRADOR NEWS ROUNDUP — Niatak partners cut sulphides
The first two holes drilled on the Niatak Island property in Labrador have encountered narrow layers of massive sulphides.Vancouver-listed partners Starcore Resources and Goldnev Resources are drill-t…
Azco shareholders dispute Phelps Dodge deal
Certain shareholders of Azco Mining (TSE) are attempting to block the company’s proposed sale of specific mining assets to Phelps Dodge (NYSE).In late April of this year, Phelps Dodge offered US$40 mi…
St. Andrew completes offering
A total of 12.6 million shares will be issued following the completion of a rights offering by St. Andrew Goldfields (TSE). The offering is expected to generate proceeds of $2.5 million.St. Andrew wil…
Black Hawk looks for more gold at Hoyle
Drills are turning once again at Black Hawk Mining’s (TSE) gold property in Ontario’s Hoyle Twp.The company has begun a 8,400-metre, 37-hole drill program to test the continuity of the known gold zone…
GeoNova picks up African property
Montreal-listed GeoNova Explorations has acquired an exploration concession in Burkina Faso which hosts three gold showings.The junior will be permitted to explore the 484-sq.-km Titao concession for …
Greenstone ups stake in project
Greenstone Resources (TSE) can increase its interest in the San Andres gold project in Honduras to 92% from 81.75%.The company began acquiring an interest in the project in February, 1994, since which…
Falconbridge grows despite production snags at Sudbury
Production problems at the Sudbury operations of Falconbridge (TSE) have not impaired the company’s year-over-year increases in earnings and revenues.Earnings for the second quarter amounted to $72.3 …
New agreement at CCR refinery
Unionized workers at Noranda Metallurgy’s CCR refinery voted 86% in favor of accepting the terms of a new collective agreement.The agreement, which expires in May of 1998, calls for a 2% increase in t…