World Wide to drill Nevada gold play
Drilling is scheduled to begin soon on the Easter gold project, 180 km north of Las Vegas, Nev. World Wide Minerals (TSE) reports that the primary vein structure extends beyond 7,000 ft. The initial t…
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THE DIAMOND PAGE — Ashton Mining drills kimberlite body near
Three holes drilled by Ashton Mining of Canada (TSE) intersected kimberlite breccia at the Cross property in the Humpy Lake region, 100 km west of Lac de Gras, N.W.T. Samples were submitted for labora…
American Bullion cancels funding
Junior American Bullion Minerals (VSE) has shelved plans for a brokered private placement of 2.5 million units at $2 each, pending completion of independent engineering reports and improved market con…
LETTERS TO THE EDITOR — Claims staked years earlier
The Odds `n’ Sods article “An outstanding exploration team” (T.N.M., March 14/94) refers to prospecting carried out in northwestern British Columbia by Einar Kvale and Tom McQuillan, reportedly in the…
Newmont merger approved — Yanacocha expansion in works
The Minera Yanacocha gold mine in northern Peru will be expanded to increase output in 1995. Newmont Mining (NYSE), which owns 38% of the mine, says production will rise to 350,000-400,000 oz. from th…
Adex options Guyanese project
Under an option agreement, Adex Mining (TSE) can acquire up to a 60% interest in the Potts Falls gold concession in Guyana. Adex can earn the interest from Giddings Industrial Development Co., a priva…
NEWS ROUNDUP — Ramrod picks up Carlin ground
In purchasing Westmont Gold, Consolidated Ramrod Gold (TSE) has acquired interests in several properties in the Carlin Trend of northeastern Nevada. The properties cover more than 15,000 acres and Ram…
China imposing a sales levy on miners
China is expected to slap a sales levy on domestic and foreign-funded mining firms to curb the growing waste of precious state-owned mineral resources. Song Ruixiang, China’s vice-minister of mining, …
OBITUARIES — Ken Polk
A geologist for more than 30 years, George Kenneth Polk died recently in Oliver, B.C., following a heart attack. He was 63. A native of North Bay, Ont., and raised in Rouyn-Noranda, Que., he graduated…
Caledonia offshoot nets record profits
Filon Sur S.A., the 25%-owned Spanish gold and silver mining subsidiary of Caledonia Resources (TSE), enjoyed record profits of $1.6 million in 1993. Filon operates an open-pit, heap-leach gold and si…
NEWS ROUNDUP — Audrey ups reserves at 1100 lens
Minable reserves have increased at the 1100 lens project, part of the Mobrun mine northeast of Rouyn-Noranda, Que. Audrey Resources (ME) says reserves increased by 860,000 tonnes following a 6,600-met…
Rabbit Lake gets federal OK
Uranium miner Cameco (TSE) has been given the green light to bring three new deposits into production at its Rabbit Lake operation, 420 km north of La Ronge, Sask. The federal natural resources minist…