Drilling expands Voisey Bay
Exploratory drilling west of the Voisey Baynickel-copper-cobalt discovery is expanding the scope of the Labrador project.Owner Diamond Fields Resources (TSE) reports that holes 95-89, 95-93 and 95-98 …
News
Exall closes rights offering
After having sold 2.5 million units, Exall Resources (TSE) has closed its rights offering.Proceeds from the units, which consisted of one common share and one-half share purchase warrant, totalled $1….
Northern Crown works Mesa Galindo
Trenching and sampling are under way on the Mesa Galindogold-silver project in Mexico’s Sonora state.Northern Crown Mines (VSE) is examining the bulk-tonnagepotential of several gold-silver-mineralize…
Aquaterre funds Georgia work
A $450,000 private placement will enable Aquaterre Mineral Development (VSE) to proceed with work on its optioned Georgia River property near Stewart, B.C.Each of the 1.1 million units consists of one…
Index (May 22, 1995)
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Westmin Resources returns to profitability at Myra Falls
The first quarter of 1995 marked a return to profitability for Westmin Resources (TSE).The company earned $5.25 million on revenue of $31 million during the period. Cashflow from operations jumped to …
Belore exits United Reef joint venture
Unable to raise additional capital, Belore Mines (ASE) has terminated a joint-venture agreement with United Reef (TSE)concerning two alluvial diamond properties in the Central African Republic.The com…
Princeton ups Elenita resource
The Elenita oxide copper project in northern Chile is nowestimated to contain an in situ resource of 9.1 million tonnes grading 1.57% copper.Owner Princeton Mining (TSE) arrived at the estimate after …
Royal Oak production falls short
Lower-than-expected gold production triggered a rise in cash production costs for Royal Oak Mines (TSE) in the first quarter.Costs increased to US$360 per oz., compared with US$317 in the same period …
Companies (May 22, 1995)
AberAdrianAquaterreAraucoArizona StarArloAscotBand-OreBeloreBema GldBlacklineBotswana DevBre-XBreseaCacheCambiorCanarcCoeur d’AleneComaplexCominco IntlCons ManusCorner BayCumberland…
NEWS ROUNDUP — Leach tests help Aldebaran
Leach tests demonstrate that material from the Aldebaranproject in Chile will not require fine crushing.Partners Bema Gold (TSE) and Arizona Star Resource (VSE) report that three 22-ton tests, which s…
NEWS ROUNDUP — Patrician enters Tanzanian JV
Junior Patrician Gold Mines (ASE) has entered into ajoint-venture to explore certain of its gold properties inTanzania.The agreement in principal was reached with South African-based JCI and applies t…