Sutton evaluates Kabanga
A preliminary economic evaluation on the Kabanga nickel-cobalt sulphide deposit in Tanzania has returned positive results for Sutton Resources (VSE) and BHP Minerals. BHP can earn a 58% working intere…
News
War Eagle drills La Fortuna
Reverse-circulation drilling on the Mexican silver-gold project La Fortuna has identified two mineralized zones, the Central and the Northwest. War Eagle Mining (VSE) drilled 29 holes totalling 8,750 …
Aur to drill Lithos prospects
Limited drilling is planned for a pair of Lithos (ME) properties in the Joutel base metal camp of northwestern Quebec. Aur Resources (TSE) has budgeted $150,000 for two holes on the Charbon property a…
Pan American adds to silver holdings
Toronto-listed Pan American Minerals is expanding its silver interests by purchasing a minority interest in Compania Minera Las Torras from a subsidiary of Homestake Mining (NYSE). The Mexican company…
Significant rise in reserves at Musto’s Alumbrera play
An expansion in reserves will enable partners International Musto Explorations (TSE) and Australian-based MIM Holdings to increase throughput at the Bajo de la Alumbrera gold-copper deposit in northwe…
La Colorada turns up more gold
Stepout drilling at La Colorada, a mine property east of Hermosillo in Sonora state, Mexico, continues to return wide intersections of oxide gold mineralization. Eldorado (TSE) owns and operates an op…
American Gem signs major sapphire sales agreement
Chicago-based jewelry manufacturer IWI Holdings (NASDAQ) intends to purchase, on an annual basis, between 100,000 and 500,000 carats of commercial-grade sapphires from Montana-based American Gem (TSE)…
NEWS ROUNDUP — Unit of Mazarin to close
One of three asbestos mines operated by LAB Chrysotile in eastern Quebec will be closed. The BC-Beaver unit has, of late, been unable to produce asbestos at competitive prices, which led to a decision…
NEWS ROUNDUP — Noranda drilling Fancamp ground
The exploration division of Noranda (TSE) has completed a 4-hole, 5,000-ft. drill program on the Dileo Lake base metal property north of Chibougamau, Que. Although none of the holes returned significa…
Vior, Cambior conclude Douay West agreement
A development agreement for the Douay West gold deposit, 20 km southwest of Joutel, Que., is expected to lead to production within four years. Property owner Societe exploration miniere Vior (ME) has …
American Bullion boosts tonnage at Red Chris
The in situ geological resource at the Red Chris project in north-central British Columbia is now estimated at 100.1 million tonnes grading 0.58% copper and 0.46 grams gold per tonne. American Bullion…
Santa Fe Pacific reports higher earnings, revenue
Despite a rock slide at its Twin Creeks mine in Nevada last December, Santa Fe Pacific Gold (NYSE) saw its overall earnings, reserves and production increase in 1994. The company earned US$56.7 millio…