Drilling continues at Buffalo Valley
Alberta-listed Fairmile Acquisitions has identified several new zones of gold mineralization at the Buffalo Valley mine in northern Nevada. Drilling on the north-south-striking, 2,400-ft.-long Front f…
1994
MINING IN CHILE — Niugini projects increase in San Cristobal
The San Cristobal mine of Niugini Mining in the Atacama Desert in northern Chile produced 49,000 oz. gold and 139,000 oz. silver last year, compared with 58,000 oz. gold and 177,000 oz. silver in 1992…
LAST BUT NOT LEAST — Ariel to test San Rafael
In Costa Rica, Ariel Resources (VSE) will explore a mile of strike length northeast of the San Rafael zone at its San Martin mine. The zone contains about 4.3 million tons (minable by open-pit methods…
LAST BUT NOT LEAST — Name change for Red Rock
Junior Red Rock Mining (NASDAQ) has acquired the Goldfield project in Nevada and changed its corporate name. Red Rock issued 12 million shares to American Resource (NASDAQ) for the latter’s 50% intere…
CanTung assets eyed by suitors
Several mining groups are carrying out due diligence reviews of the assets of Canada Tungsten (TSE), and in particular the company’s advanced copper project near Andacollo, Chile. The company’s larges…
MINING IN CHILE — Cyprus budgets US$1 billion for
An investment of US$1 billion is planned by Cyprus Amax Minerals (NYSE) for mine development of Chile’s El Abra copper project. Chilean state mining company Codelco recently accepted Cyprus’ revamped …
STOCK MARKETS — Gold shines as TSE continues to slide
A 67-basis-point rise in the bank rate, coupled with continuing weakness in the Canadian dollar and selloffs in the global bond market, has driven the TSE 300 index to its lowest level in eight months…
NEWS ROUNDUP — Platinova active in Greenland
In Greenland, exploration has begun on two base metals properties in which Platinova A/S (TSE) holds interests. Two drills have been sent to the northern peninsula of Peary Land to explore the company…
LETTER TO THE EDITOR — Manitoba extends welcome to new
Your editorial “Exodus” (T.N.M., June 6/94) suggests a number of reasons for a decline in exploration in Canada and, to your credit, some potential solutions. My concern is your reference to junior ex…
The environment and management
Environmental concerns will be the focus of the Mining Environmental Management Conference at Reno, Nev., Oct. 16-19. The conference and accompanying exhibition are aimed at executive and technical ma…
Tri Origin exploring projects in Ontario
Toronto-based Tri Origin Exploration (TSE) has started work on its four Ontario gold projects. A 2,500-metre drill program will be carried out on the Sault project, 90 km north of Sault Ste. Marie. Pr…
LAST BUT NOT LEAST — Correction (June 27, 1994)
The tonnage figure for the Troilus project of Metall Mining (TSE) was incorrectly reported in T.N.M., June 20/94. The correct figure is 54.2 million tons.