NEWS ROUNDUP — Exall, MacMillan option Wakadanawa
Two TSE-listed juniors — Exall Resources and MacMillan Gold — intend to explore and develop a large gold prospect in southern Guyana. Known as the Wakadanawa, the 60,000-acre property lies in a rela…
News
Hemlo to drill Northfield holdings
Toronto-listed Hemlo Gold Mines will conduct surface drilling on several deep gold targets on Northfield Minerals’ (TSE) holdings in northern Ontario. Hemlo can earn a half interest in 46 claims, whic…
Results encourage Haddington, Portman
Initial drilling on the Tyrrell Twp. gold project near Shining Tree, Ont., has yielded encouraging results for partners Haddington Resources (VSE) and Portman Explorations (VSE). The project consists …
Great Lakes signs bank agreement
A banking agreement will enable Great Lakes Minerals (TSE) to acquire an additional 10% interest in the Grouse Creek venture in Idaho, as well as hedge the production of future gold and silver product…
NEWS ROUNDUP — Campbell buys into former Lac play
Toronto-listed Campbell Resources (TSE) has opted to acquire the Wildcat gold project, formerly held by Lac Minerals. Situated 80 miles northeast of Reno, Nev., the property was recently subjected to …
Virginia, Diabior active in Eastmain
Joint-venture partners Virginia Gold Mines (ME) and Explorations Diabior (TSE) have staked 92 claims covering 341 sq. km in the Eastmain volcanic belt of northwestern Quebec. An area containing geoche…
Northern Ontario townships reopened to prospectors
Beginning April 4, prospectors will be allowed to return to 20 townships or portions of townships in the Teme-Augama Anishnabai (TAA) land claim area in the Temagami Lake area of northern Ontario. The…
Westray trial under way
A criminal trial began Feb. 6 into the explosion at the Westray coal mine in Plymouth, N.S., that left 26 men dead. The blast occurred May 9, 1992, at 5:18 a.m. Investigators later determined that a s…
Asian conference set for Singapore
The World Mining Congress is planning its “Investment potential in Asia” conference and exhibition for May 29-31 in Suntec City, Singapore. For more information, write IIR Singapore, Suite 08-03 Golde…
Work program at Gross Rosebel
Near the coast of Suriname, Golden Star Resources (TSE) and Cambior (TSE) have completed trenching and drilling on the Gross Rosebel gold prospect. The program, which cost US$3.7 million, was aimed at…
METALS COMMENTARY — Metals in period of consolidation
After rising almost non-stop throughout 1994, most metals are showing some signs of consolidating despite the fact that inventories are starting to decline slowly but steadily. Producers of most metal…
NEWS ROUNDUP — Nevsun drilling in western Mali
A second phase of drilling is under way at the Tabakoto gold concession in western Mali. Nevsun Resources (VSE) is drill-testing 1,000 metres of a 2,500-metre-long zone of mineralization marked by ext…