Vengold active in Venezuela
Preliminary drill results from the Bizkaitarra gold concession in Venezuela’s Kilometre 88 region are encouraging for partners Vengold (TSE) and Queenstake Resources (TSE). To date, results from five …
News
NEWS ROUNDUP — Barrick tops list of gold producers
Million-ounce gold producers in North America numbered four last year, with Barrick Gold (TSE) leading the way. Barrick swallowed Lac Minerals in a corporate takeover last summer, and their combined p…
Gibraltar Mines president speaking at CIM luncheon
The president of Gibraltar Mines, William Myckatyn, will provide an update on his company’s activities at an April 28 luncheon presented by the Canadian Institute of Mining, Metallurgy and Petroleum. …
Aussie gold producer helps Pegasus gold boost reserves
Spokane- based Pegasus Gold (TSE) has boosted its overall reserve base by roughly 14% since the close of 1994. Attributable proven and probable reserves are now estimated to contain 5.3 million oz. go…
Copper smelting industry studied
A study by Behre Dolbear & Company of Denver demonstrates the intensive cost competitiveness occurring in the Western-world copper smelter-refinery industry as the market swings from periods of constr…
Morgain outlines molybdenite zone
Molybdenite has been discovered on the Cuatro Hermanos property in Mexico’s Sonora state. Morgain Minerals (VSE) reports that the steeply dipping zone is 250 ft. long and 80 ft. wide. Assay results fr…
Bralorne gets the green light
The British Columbia government has issued a mine development certificate to joint-venture partners Avino Mines & Resources (VSE) and Bralorne-Pioneer Gold Mines (VSE) for their Bralorne mine project …
Daren options Silver Dome
Junior Daren Resources (VSE) intends to acquire the Silver Dome property in Chelan Cty., Wash. To do so, it will issue 200,000 shares, carry out a feasibility study and issue a further 200,000 shares …
Fairfield chalks up firm earnings
The Siwash gold mine in southern British Columbia continues to pump out profits for Fairfield Minerals (TSE). In 1994, the open pit yielded 27,000 oz., which was augmented by a further 3,000 oz. from …
Gulf boosts gold reserves
Reserves at the Aprelevka mine in Tajikistan have been revised, paving the way for a proposed expansion. A study by Gulf International Minerals (VSE) indicates the open-pit deposit contains about 2 mi…
Redaurum expands River Ranch
As junior mining companies struggle to keep the great Canadian diamond hunt alive in the Northwest Territories, African diamond producer Redaurum (TSE) is preparing to triple production at its River R…
DIAMOND NEWS ROUNDUP — Diamond discovery throws spotlight on
Partners KWG Resources (TSE) and Spider Resources (ASE) have released results from a vertical hole drilled to test the Kyle Lake intrusive, discovered just over a year ago in the James Bay Lowlands of…