Goldbelt to JV Kazgold with Pegasus
Spokane-based Pegasus Gold (TSE) has agreed to a 50-50 joint venture arrangement with Goldbelt Resources (VSE) on the Kazgold tailings project in Kazakhstan. Formerly known as the Leninogorsk project,…
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Echo Bay working Mexican project
Exploration work at the Paredones Amarillos gold project in Baja California Sur, Mexico, is proceeding at full speed. As of the end of 1994, Echo Bay Mines (TSE) had spent US$3.3 million on the proper…
Sharpe, Freewest drill at Bend
Two holes drilled at the Bend massive sulphide deposit in Taylor County, Wisc., have yielded encouraging copper and gold values for partners Sharpe Energy & Resources (VSE) and Freewest Resources (TSE…
Fatalities in U.S. fall to new low
Mining fatalities in the U.S. in 1994 fell to a record low of 84, with 44 fatalities in coal mining and 40 deaths in metal/non-metal mining, according to preliminary Mine Safety and Health Administrat…
Bullish report by Rudolf Wolff
Copper prices in 1995 should “exceed the all-time high,” says metals trader Rudolf Wolff & Co. in its Winter Copper Outlook for 1995. The president of Rudolf Wolff in North America, Mo Ahmadzadeh, say…
LATIN AMERICA SPECIAL — Regeena optioning Chilean property
A letter of intent has been signed between La Serena Copper-Gold S.A. and Regeena Resources (VSE), which allows the latter to obtain an option to earn a 70% interest in La Cucaracha, a copper-gold pro…
LATIN AMERICA SPECIAL — Breakwater boosts El Mochito
Underground exploration at Breakwater Resources’ (TSE) El Mochito mine in Honduras has led to a 24% boost in minable reserves. Drilling of the five active mining zones in the second half of 1994 resul…
LATIN AMERICA SPECIAL — Devalued peso considered best option
Devaluing the peso last December was the least costly course of action, according to Mexican President Ernesto Zedillo. Had he not opted for devaluation, the government would have had to decree a susp…
COMMENTARY — Treatment for refractory ore
Newmont Gold has been building a refractory ore treatment plant, or roaster, in conjunction with its existing milling facilities in Nevada. It is part of Newmont’s expansion, which includes deepening …
LATIN AMERICA SPECIAL — Aurex to expand production
A recent private placement by Aurizon Mines (TSE) is expected to provide funds for Aurex Resources (TSE) to expand production at the Cobrex mine and for general working capital. Aurizon is a major sha…
LATIN AMERICA SPECIAL — Yamana outlines gold targets in
Field crews have identified several gold targets on Yamana Resources’ (TSE) holdings in the Vanguardia district of Santa Cruz province in southern Argentina. An epithermal alteration system exceeding …
TVX buys Greek properties
Toronto-based TVX Gold (TSE) has paid about US$47 million for Greek-based Kassandra Mines. The company’s assets, situated on the Chalidiki peninsula in northeastern Greece, include mining concessions …