News


EDITORIAL PAGE — Reserves and resources

Over the years, certain groups and individuals within Canada’s mining fraternity have advocated that steps be taken to set standards for reporting mineral resources and reserves. The need for such sta…


GSA 95 meeting set for Fairbanks

The Geological Society of America’s Cordilleran Section is organizing its 91st annual meeting for May 24-26 in Fairbanks, Alaska. The conference, titled “GSA 95: At the Top of the World,” will be host…



GOLD FUNDS (January 23, 1995)

BGR Central Net Value $16.89 $6.60 Price $14.00 $6.75 Discount 17.12% Premium 2.3% Value $133,012,000 $122,170,275…


Fairstar, Nora acquire Benso

Reconnaissance work has led Montreal-listed partners Fairstar Explorations and Nora Exploration to acquire the Benso concession in south-central Ghana. The 58-sq.-mile property, which contains several…


Nugget Res. plans drilling program

A mid-February start is planned for a drilling program at the Australian gold project of Nugget Resources (ASE). The junior’s property is in the famous Hill End district of New South Wales. President …


Greenstone financing raises $8.4 million

Latin American gold producer Greenstone Resources (TSE) has completed a 2-series convertible debenture offering valued at $8.4 million. Each series has a 5-year term and may be converted into Greensto…


Aquaterre seeks funding for its projects in B.C.

Provided funding can be arranged, Aquaterre Mineral Development (VSE) plans to spend $1.8 million on its properties near Stewart, B.C., in 1995. The bulk of the funds are earmarked for the Georgia Riv…


Cyprus seeks El Abra funding

With a feasibility study wrapped up, Cyprus Amax Minerals (NYSE) is seeking almost US$1 billion to develop the Chilean copper project known as El Abra. The company is seeking a loan of $US700 million …


ODDS’N’SODS — A busy little drill bit

When the Helen mine at Wawa, Ont., first underwent an underground stope development program, a series of diamond drill holes was required to locate the F.W. contact over a rather large area. Using the…


Corner Bay projects advance

Management of Corner Bay Minerals (TSE) has received encouraging results from two separate joint ventures near Chibougamau, Que. On the Group 1 “Inner Block” property, where copper reserves have been …


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