TNK, Goldbrook to drill Onaman River property
A 7,000-ft. diamond drill program is to begin shortly on Goldbrook Explorations’ (ASE) Onaman River base metal property near Jellicoe, Ont. Goldbrook will be project operator, while TNK Resources (CDN…
News
Sampling programs can benefit from large bowl pulverizers
Although large bowl pulverizers have been used throughout the rest of the world for 10 years, acceptance of them has been slow in North America. What are large bowl pulverizers? They can accept 500-5,…
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…
STOCK MARKETS — Incredible shrinking dollar leaves TSE
Weakness in the Canadian dollar, combined with soaring interest rates, caused the TSE to post a loss over the 5-day report period ended Jan. 17. The composite 300 index dropped 44.31 points to close a…
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…