Production decision looms for Cerro Corona
Since optioning the Cerro Corona project in Peru in early 1994, Barrick Gold (TSE) has drilled more than 200 holes and carried out extensive metallurgical testing, environmental baseline work and infr…
News
EXPLORATION ’95 — TVI explores Rapu Rapu property in
A drill program to test the metallurgical qualities of a gold-bearing massive sulphide deposit in the Philippines is being completed by TVI Pacific (ASE). Drilling will be completed on the Ungay-Malab…
ODDS’N’SODS — The Mexican adventure: properties and partners
The author, who while working in Alaska decided one winter to try his luck in Mexico, continues the story of his prospecting adventure in the mining state of Sonora. Now events entered a most trying s…
EXPLORATION ’95 — La Plata Gold evaluating King Tut play in
Geologist Chet Idziszek is probably better known for his work on the Eskay Creek gold mine project in northwestern British Columbia, or the advanced Petaquilla copper project in Panama, than for being…
STOCK MARKETS — Murgor only bright spot in lacklustre
Players continue to shy away from the ailing Vancouver Stock Exchange. The composite index closed down 4.03 points at 694.76, while the resource index finished up 2.84 points at 1,108.20 for the repor…
EXPLORATION ’95 — First Nations seek ties with mining
The chief of the Dawson First Nation, Steven Taylor, says mining companies have to recognize that, with the implementation of First Nation self-government, aboriginal people will want to play a larger…
Canarc drills Ianna
A US$900,000 exploration program is under way on the Ianna property in northwestern Guyana. Canarc Resource (TSE) can earn up to a 65% interest under a joint-venture agreement with Guyana-based Roraim…
NEWS ROUNDUP — Lower grades hurt Glamis
Lower mining grades during the second quarter ended Dec. 31, 1994, adversely affected earnings for Glamis Gold Mines (TSE). The company reported net income of US$95,000 on revenue of almost US$9 milli…
EXPLORATION ’95 — Santa Fe seeks to expand reserves
With a 3-pronged approach to exploration, Santa Fe Pacific Gold (NYSE) has become one of North America’s most aggressive exploration-oriented gold mining companies. Its strategy involves exploring aro…
NEWS ROUNDUP — Lithos, Raymor strike deal
Two companies — Lithos (ME) and Raymor Resources (ASE) — have acquired a lithium property in Lamothe Twp. in northwestern Quebec. Each company has bought a half interest from Georges Dumont, who wil…
EXPLORATION ’95 — Chile’s gold potential a buried treasure
Chile is best known for its front-ranking copper deposits, but a major exploration initiative by Barrick Gold (TSE) is aimed at placing the South American country on the map as a leading gold producer…
EXPLORATION ’95 — New mining projects growing in size and
Building new mines has never been an inexpensive proposition but today, with costs skyrocketing, it makes one wonder about the return on investment that can be expected from a billion-dollar project. …