Partners advance McDonald deposit
The so-called “7-up Pete” joint venture of Canyon Resources (NASDAQ) and Phelps Dodge (NYSE) has initiated the permitting process in order to bring the McDonald gold deposit into production. Situated …
1994
Golden Star options Eteke
A subsidiary of Golden Star Resources (TSE) can earn an 80% undivided interest in the 900-sq.-km Eteke gold prospect in Gabon, West Africa. Previous exploration uncovered numerous areas with anomalous…
WCB benefits extended to gold miners’ estates
The Workers’ Compensation Board (WCB) in Ontario may pay compensation benefits to estates of gold miners who died of lung cancer. The original WCB policy restricted eligibility for entitlement and ben…
Omai testifies to leadership skills — Cambior’s Louis Gignac
Back in 1986, before Louis Gignac accepted the opportunity to head up a public mining company holding the crown jewels of Quebec’s government-owned Soquem, he wanted assurances that the company would …
New coal project for Springhill
An open-pit coal mining operation is planned for the Springhill area of Nova Scotia. Springhill Coal has drawn up plans to extract about 2.2 million tonnes during a 12-year period from 14 sites in the…
Thumbs down on Ashdown
High royalty and net profit payments on the Ashdown gold property in Humboldt Cty., Nev., have led International Mahogany (TSE) to conclude the property is uneconomic. Subsequently, Mahogany has termi…
NEWS ROUNDUP — Aquiline options ground to Noranda
Mining giant Noranda (TSE) is demonstrating interest in three Mexican copper properties belonging to Aquiline Resources (VSE). The properties — La Reyna, La Vista and La Joya — are all in the southw…
Canarc confirms discovery
Drilling at the Polaris-Taku property in northwestern British Columbia is confirming the discovery of a new zone of gold mineralization. Owner Canarc Resources (TSE) drilled 14 surface holes from seve…
Pangea advances gold projects
Exploration efforts on Pangea Goldfields’ (TSE) Tanzanian gold projects continue to yield encouraging results. The company has completed 3,700 metres of reverse-circulation (RC) drilling and 1,000 met…
NEWS ROUNDUP — Kennecott expands Trendline
The Trendline gold property in Nevada has been expanded by 1,300 acres, raising the total acreage to 3,200. Kennecott can earn a 65% interest in the property from Cathedral Gold (TSE) by spending at l…
NEWS ROUNDUP — Battle Mountain options Idaho ground
A joint-venture agreement enables Battle Mountain Gold (NYSE) to earn a 60% interest in the Morning Glory property from Formation Capital (VSE). The property is in east-central Idaho. To earn the inte…
NEWS ROUNDUP — Republic finds zone in Cuba
A previously unrecognized volcanic basin has been found on the Purial mineral concession in eastern Cuba. Republic Goldfields (VSE) reports that the basin measures 22 by 19 miles and hosts at least se…