Echo Bay gives nod to Lamefoot deposit
A new gold deposit is set to come on stream for senior gold producer Echo Bay Mines (TSE). The Lamefoot deposit is the latest in a string of five deposits to be put into production at the Kettle River…
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BHP enhancing Tanzanian deposit
A second hole drilled near the Kabanga nickel-cobalt deposit in northwestern Tanzania has confirmed the potential for a significant new zone. BHP Minerals reports that Hole 43 intersected an estimated…
Kap reaches deal with Canadian potash producers
A consortium of Canadian potash producers has agreed to participate in the Yolanda Natural Nitrates project in Chile, owned by Kap Resources (VSE). The consortium, which includes Potash Corp. of Saska…
Inco plans production push
Strong demand for nickel has Inco (TSE) planning to increase output in 1995 by some 85 million lb. to 430 million lb. Problems in Russia, at the huge Norilsk operation and with declining domestic cons…
Western Troy drilling Wagg prospect
Diamond drilling is under way on Western Troy Capital Resources’ (ASE) Wagg gold prospect near Nestor Falls, Ont. The program will total 3,000 ft., with six holes totaling 1,072 ft. having already bee…
Galena Giant drilling results are disappointing
Drill results from the Galena Giant property in northern Montana were not as good as hoped. Vancouver-listed partners Wealth Resources and Arbor Resources previously reported the presence of copper su…
Placer Dome gold discovery in Costa Rica
A gold discovery speculated to have multi-million-ounce potential appears to have triggered a “Canadian-style claims rush in Costa Rica. The interest was sparked by reports that Placer Dome (TSE) was …
Partners secure Refugio financing
Banks have agreed to finance the Refugio gold project in northern Chile. Chilean approval for the drawdown of a US$85-million gold loan is expected before the new year. The capital cost is estimated a…
Kinross, Kassan focus on Tanzania
Two companies — Kinross Gold (TSE) and affiliated junior Consolidated Kassan Resources (VSE) — have completed a share purchase and option agreement with East African Mines (EAM), a private company t…
Cominco Res. advances foreign projects
Ongoing programs in Turkey, Mexico and South America were highlights of this past year’s $19-million exploration program of Cominco Resources International (TSE). A 50-50 joint venture program with pa…
Improvements made at Keystone
The Keystone gold mine in northern Manitoba is in the black. Equal partners Granduc Mining (TSE) and Black Hawk Mining (TSE) report that production between June 1 and Sept. 30 led to an operating prof…
Athabaska firms up resource
A new resource has been calculated for the Nicholas Lake project in the Northwest Territories.