Toscana Res. plans to drill in Guyana
A private placement of 700,000 units at 25 cents each will enable Toscana Resources (VSE) to finance drilling of its 80%-owned Monosse property in Guyana.The company will carry out a 50-hole program o…
News
CORRECTION (October 30, 1995)
Our Oct. 9 issue included an error regarding a Mantiba property deal for Mid-North Resources. Privately-owned Hudson Bay Mining & Smelting was incorrectly identified as being one of the vendors in the…
DIAMOND NEWS ROUNDUP — Mountain , Glenmore OK sampling
A mini-bulk sampling program is proposed for the 5034 kimberlite at the AK property, 150 km south of Lac de Gras, N.W.T.The property is held 50% by Mountain Province Mining (VSE), 40% by Glenmore High…
Zinc sales to be reviewed by U.S. Congress
The U.S. Congress has called for a review of sales of zinc from the National Defense Stockpile, reports the American Zinc Association (AZA).Representative Herbert Bateman, chairman of the House subcom…
GSC colloquium will shed light on Canadian types of mineral deposits
The next Minerals Colloquium of the Geological Survey of Canada, scheduled for Jan. 22-24, 1996, will focus on current concepts of Canadian mineral deposit types.The theme is expounded in the compendi…
ODDS’N’SODS — Manitoba’s mining past
A good way to start an argument with a prospector is to tell him you are certain as to when the first mine in a province was discovered. Nine times out of 10, there will be a difference of opinion. Vi…
Canpotex to ship potash to China
The offshore sales agency for Saskatchewan potash producers, Canpotex, will supply up to 1 million tonnes of the substance to China. Canpotex receives nearly 58% of its potash from Potash Corp. of Sas…
MIM backs out of joint venture
MIM Holdings has informed Yamana Resources (TSE) that it is withdrawing from the entire Neuquen joint venture in Argentina. Drill results fell short of the former’s expectations.Yamana nevertheless re…
Ascot hits gold near Harp Lake
Exploration work in the Harp Lake area of Labrador has turned up gold mineralization for Ascot Resources (VSE).The company made the discovery within a diorite sill on its wholly owned claims near Shap…
Summo hopes to prove copper play is a champ
Drilling will soon begin at the Champion copper oxide property in Taos Cty., N.M.Summo Minerals (VSE) plans to complete a 12-hole program of reverse-circulation drilling to test an area around, and al…
Partners drill holes at Whistle Lake
Partners Cumberland Resources (TSE) and International Vestor Resources (VSE) have drilled four holes in a 3,390-ft. program on the Whistle Lake polymetallic property north of Thunder Bay, Ont.The prop…
Feasibility completed for Greater Lenora’s Goldfields
Final feasibility work on the Goldfields project, near Uranium City, Sask., suggests that production from the project’s Box and Athona deposits will have an operating cost of US$212 per oz.Owner Great…