Princeton expands Similco reserves
A drilling program has boosted the reserve base of the Similco mine project in southwestern British Columbia. Princeton Mining (TSE) says minable reserves at the Ingerbelle deposit have risen to 56.6 …
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METALS MARKETS — Norilsk sends ripples through markets
Metal markets entered December on the strength of solid demand and rising prices. As the holiday season winds up, most metals are expected to settle back and consolidate recent gains while stakeholder…
Channel drilling in West Africa
Junior Channel Resources (VSE) is encouraged by drill results from its extensive land package in Burkina Faso, West Africa. Channel holds four concessions, covering 6,200 sq. km, in the region. These …
Crystallex to pour gold at Albino
The first gold pour is imminent at the Albino 1 concession in Venezuela’s Kilometre 88 district. Crystallex International (VSE) reports that the 400-ton-per-day mill is now fully operational and targe…
Ramrod resumes drilling at Damoti
Toronto-listed Consolidated Ramrod Gold has intersected coarse visible gold within high-grade intervals at the Damoti Lake property near Yellowknife, N.W.T. The discovery follows resumption of a minim…
SAGC funds work in central Chile
Toronto-listed South American Gold & Copper (SAGC) is raising US$4.1 million to expand exploration and development in South America. It is doing so by means of a private placement of 3 million shares …
River Gold advances Eagle River
Junior River Gold Mines (TSE) is hoping to have its Eagle River gold project in northeastern Ontario in production by August, 1995. The company is also planning to spin off its Moss Lake project into …
Metalore drilling in Beardmore area
A drill program is under way at several gold prospects in the Beardmore area of northwestern Ontario, Metalore Resources (TSE) reports. One hole on the Watson Lake prospect and four holes at the easte…
Inco teams up with Chinese nickel producer
Nickel giant Inco (TSE) has entered a joint venture with Jinchuan Non-Ferrous Metals, a major producer of nickel and other ferrous metals in China and a subsidiary of China National Non-Ferrous Metals…
Mill City takes on foreign projects
Joint-venture partners Mill City Gold Mining (VSE) and MacDonald Mines Exploration (CDN) can earn a combined half interest in the Florencia-Jobabo gold concession in Cuba. The vendor, Geo Minera, has …
Still no consensus on Hemlo deposit
After 10 years of production at the Hemlo gold camp, the geological community may be a lot wiser about the deposits. But several key questions have yet to be answered. This was the message delivered a…
Anglo American a world player
The winds of change have had a significant impact on the politics and economics of South Africa, a nation known as much for deep gold mines as for its abundance of varied mineral wealth. Large mining …