Zappa completes drilling at Papa Grande
A diamond drilling program by Zappa Resources (VSE) has encountered low-grade gold mineralization on the Papa Grande concession in the Ponce Enriquez district of southwestern Ecuador.A hydrothermal br…
News
U.S. silver industry continues growth
Activity in the U.S. silver market in 1994 continued the upward price trend that began to develop in early 1993 (although in that year, a near-20-year low of $3.54 per oz. was recorded).Volatility was…
Mine safety improves in Canada
The safety performance of Canada’s mining industry improved 75% between 1984 and 1994, according to statistics released by the Ontario Mining Association.The lost-time injury rate last year was 1.86 p…
LETTER TO THE EDITOR — Reserves misquoted for Battle zone
In the May 22 issue of The Northern Miner an article on Westmin’s 1995 first-quarter results mentions the Battle zone development in British Columbia but misquotes the reserves.Minable reserves at the…
Correction (June 12, 1995)
The oxide resources of the Tonkin Springs project in central Nevada are 4 million tons averaging 0.033 oz. gold per ton. Incorrect figures appeared in our June 5 issue.The project is being examined by…
DIAMOND NEWS ROUNDUP — Trillion Resources discovers Zimbabwean kimberlite
Soil results from a property in southwestern Zimbabwe have junior Trillion Resources (TSE) thinking diamonds.Soil sampling on the Sansukwe Exclusive Prospecting Order (EPO 790), which Trillion operate…
STOCK MARKETS — TSE trading gains reflect Diamond Fields negotiations
Talks of mergers and acquisitions by resource-sector companies and others helped the TSE 300 composite climb for the fourth week in a row. Over the 5-day report period ended June 6, the TSE 300 compos…
NEW HORIZONS — Soil gases as exploration guides
Most of the ore deposits mined in the past, as well as those being mined today, were discovered because they cropped out at the surface. In the U.S., most mineral deposits that crop out at the surface…
NEWS IN BRIEF (June 12, 1995)
Manor Resources (MNO:ASE) has changed its name to American Manor (ANO:ASE) on a 1-new-for-10-old-share basis.
Sierra Nevada lands Mexican ground
A recent purchase agreement provides Sierra Nevada Gold (VSE) with control of the Promontorio gold-copper property in Chihuahua, Mexico.The company will pay US$50,000 on final signing, plus US$100,000…
Copperstone arranges financing
Funds generated by the arrangement of two private placements will be used by Copperstone Resources (VSE) to pay a portion of its existing debt and to make the required option payments for the Boleo co…
Royalstar expands ground position near Harp Lake
Royalstar Resources (VSE) has acquired 44,341 acres in the Harp Lake area of Labrador.The eight claim blocks are underlain by nickel, copper and cobalt lake sediment anomalies. Several magnetic anomal…