Inco cutting staff, production resumes
Production at Inco’s (TSE) operations in Sudbury, Ont., and Thompson, Man., have resumed after a period of cutbacks. The Sudbury mines were closed for eight weeks whereas, at Thompson, operations were…
1994
Granduc borrows funds for Keystone
Following their recent purchase of share positions in Granduc Mining, associated companies Conwest Exploration and Jascan Resources have agreed to lend Granduc up to $3.5 million. (All three companies…
OPINION — U.S. capital moves overseas for copper
A large amount of capital is moving out of the U.S. to foreign countries, particularly Chile, for exploration and development of copper mines. During the past 10 years, American producers have spent e…
Noranda hits zinc near Timmins
The exploration division of Noranda (TSE) has encountered additional base metal mineralization at the Fox-Stimson property near Timmins, Ont. Property vendor Cross Lake Minerals (VSE) reports three ho…
North American Metals may expand mill
Drilling on the Kodiak zone at the Golden Bear property in northwestern British Columbia continues to return gold values. Indeed, work to date has prompted North American Metals (VSE) to consider expa…
Research firms joining forces
Two research companies on opposite sides of the Atlantic have joined forces. Resource Strategies of Pennsylvania and Metals & Minerals Research Services of the United Kingdom entered a production and …
Manic awaits court decision
A lawsuit filed by a Cree band against Mineraux Manic has yet to be resolved. Some of the company’s assets were seized last year as a result of the litigation. Manic’s shares ceased trading on the Mon…
Con. Nevada options Springs
Consolidated Nevada Goldfields (NASDAQ) has a 1-year option to buy the Springs gold property in north-central South Carolina. The vendor is Brewer Gold. The concession is 1 mile west of the Haile mine…
State permits for Fort Knox
State permits for the Fort Knox gold project in central Alaska are in place and Amax Gold (NYSE) expects federal approval from the Corps of Engineers in the near future. The capital cost of Fort Knox …
Inter-Rock options Mother Lode
Toronto-based Inter-Rock Gold (ME) has been active in southern Nevada, acquiring a new property and completing a 40-hole program on its Secret Pass deposit. The new property, known as Mother Lode, is …
Reunion to develop Zimbabwe copper
A subsidiary of Caledonia Mining (TSE) plans to develop its Sanyati copper oxide project in Zimbabwe. Reunion Mining estimates the cost to be US$8.7 million. The news comes after the completion of a f…
NEWS ROUNDUP — Altai adds to Peruvian holdings
Toronto-based Altai Resources (TSE) has acquired two more gold properties in western Peru. The Rio Colorado covers 2,000 acres in Ferrenate province, north of Chimbote City. Selected grab samples retu…