Staking rush in Labrador
A staking rush is taking place on the east coast of Labrador, triggered by drill results that have confirmed a significant nickel-copper-cobalt discovery on Diamond Fields Resources’ (TSE) Voisey Bay …
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EXPLORATION ’94 — Exploration enhancing Petaquilla project
Exploration programs carried out by Adrian Resources (TSE) are continuing to enhance the potential of the company’s land package in Panama. Teck (TSE) recently agreed to fund a feasibility study on th…
Drill program at Eagle River
Surface drilling at the Eagle River gold project near Wawa, Ont., continues to return encouraging results for River Gold Mines (TSE). The project, which wound up late this month, involves stope defini…
Louvicourt mine up and running
With the first shipment of copper concentrates having been delivered in August, the Louvicourt mine near Val d’Or, Que., is well on its way to becoming Canada’s next major base metals producer. The mi…
EXPLORATION ’94 — Remote Eskay Creek project on schedule for
In spite of its remote location in northwestern British Columbia and the likelihood of a harsh winter ahead, the Eskay Creek project remains on budget and on schedule. The $75-million gold-silver prop…
Azco secures Sanchez financing
Having received a commitment of US$35 million from a syndicate of international banks led by Barclays Bank PLC, Azco Mining (TSE) will soon begin construction at its Sanchez copper project in southeas…
Two TVX rigs at Pachicutza
Drilling has outlined four main, open-pit target zones at the Pachicutza gold property in Ecuador. TVX Gold (TSE) has two rigs working its 92%-owned property where (to date) 23 holes, representing 5,6…
Green light for Santa Cruz
An Arizona state agency has awarded the environmental permit required for the Santa Cruz project to proceed. The $22-million operation, situated 7 miles west of Casa Grande, is an in situ copper minin…
Bissett moves forward
Toronto-listed Rea Gold is set to begin the engineering work required to complete a final feasibility study of the Bissett gold project in eastern Manitoba. The decision was made on the basis of resul…
NEWS ROUNDUP — Summo lands copper project
By moving to acquire the Champion property in New Mexico, Summo Minerals (VSE) hopes to gain a third copper oxide project. The project, situated in Taos Cty., contains a copper oxide resource estimate…
American Bullion expands Red Chris
A 58-hole drill program has wound down at the Red Chris porphyry copper-gold deposit in northwestern British Columbia. American Bullion Minerals (VSE) holds an 80% interest in the project, while Teck …
NEWS ROUNDUP — Loubel plans drilling
A 5,000-ft. drilling program is planned for the Chassignole gold property in La Pause Twp. in northwestern Quebec. Gilles Fiset, president of Loubel Exploration (ME), says trenching and sampling durin…