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…
News
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. …
EXPLORATION ’95 — Kirkland Lake region undergoing
After years of relative quiescence, exploration activity is once again on the upswing in Ontario’s prolific Kirkland Lake gold camp. With a past production history totalling nearly 39 million oz. gold…
EXPLORATION ’95 — Valdez active along Mexico’s Altar gold
In recent months, Valdez Gold (VSE) has been assembling a large land position within the Altar gold trend, a geologic province in Mexico’s Sonora state which is viewed as having similarities to gold-p…
$3 million for NWT properties
This year, Cumberland Resources (VSE) and Comaplex Minerals (TSE) plan to spend more than $3 million on their Meadowbank and Meliadine gold projects in the Northwest Territories. Work on Meadowbank, s…
EXPLORATION ’95 — Diabior and partners explore northern
Exploration successes, particularly in remote regions of Canada, usually result from good properties, exploration know-how, persistence, and a dash of luck. One junior hoping its properties will benef…
EXPLORATION ’95 — Manitoba mineral exploration expenditures
The province of Manitoba last year experienced its highest exploration expenditures in four years; ministry of energy and mines personnel estimate that $40 million was spent in this area. By year-end,…
EXPLORATION ’95 — Search for diamonds continues in
Diamond exploration expenditures were the main area of growth in Saskatchewan in 1994, rising by more than 60% from the previous year. The ministry of energy and mines estimates that total surface min…
EXPLORATION ’95 — Higher prices makes moly projects
Molybdenum generated little interest in past years because of poor market conditions and depressed prices. But all that appears to have changed. Today, moly oxide prices are at the US$15.50-16.50-per-…