Camnor drilling at Willoughby
Gold-silver results are reported from a 17-hole program on Camnor Resources’ (VSE) Willoughby project, east of Stewart, B.C. The junior is earning a half interest in Willoughby by spending $600,000 on…
1994
Steel consumption expected to approach record levels
World consumption of steel products will approach record levels in 1995 despite massive downturns in the restructuring economies of eastern Europe and the Commonwealth of Independent States (CIS). Spe…
EDITORIAL PAGE — The battle for public support
The recent signing of the Whitehorse Mining Initiative Leadership Accord was viewed as a major achievement by the mining industry — the start of a process to solve problems through dialogue, with env…
La Teko drill programs on track at True North
Drilling continues on the True North deposit near here amid a blaze of autumn colors. With 190 reverse circulation drill holes now complete, La Teko Resources (NASDAQ) estimates the project’s proven a…
Las Cristinas gold resource on the rise
The mineral resource at the Las Cristinas gold property in southeastern Venezuela has risen to 8.6 million from 7.7 million oz. A feasibility study by 70%-owner Placer Dome (TSE) is due for completion…
Repadre drops plan to buy royalty
Having completed a due diligence review, Repadre Capital has decided not buy a 5% net smelter return (NSR) royalty on Greenstone Resources’ (TSE) Santa Rosa gold mine in Panama. Greenstone was to have…
Sunshine Mining options IGR’s Ouray gold project
A wholly owned subsidiary of Toronto-listed International Gold Resources (IGR) has entered a lease and option agreement with Sunshine Mining and Refining (NYSE). The agreement covers the exploration, …
NEWS ROUNDUP — Hemlo options Thunder Creek
An option agreement concerning the Thunder Creek property, found west of Timmins, Ont., has been signed by Band-Ore Resources (CDN), the property owner, and Hemlo Gold Mines (TSE). Hemlo can earn a 60…
NEWS ROUNDUP — Glen Auden drills alteration zone
CDN-listed Glen Auden Resources has encountered what appears to be promising mineralization at a property near Casa Berardi, Que. The junior has drilled eight holes on the 2-claim property, which is u…
NEWS ROUNDUP — Sikaman, LAG join forces
Two juniors — Sikaman Gold Resources (TSE) and Latin American Gold (VSE) — have agreed to collaborate in an effort to secure, evaluate and, if appropriate, develop several properties in Argentina. L…
Campbell seeks more gold at Joe Mann
Having sold various non-core assets, Campbell Resources (TSE) is now focusing on improving production and profitability at the Joe Mann copper-gold mine, 38 miles south of Chibougamau, Que. The strate…
Eldorado boosts La Colorada reserves
The owners of La Colorada gold mine near Hermosillo, Mexico, report an operating rate of 25,000 oz. per year and an increase in minable resources to 305,000 oz. Eldorado (TSE) has a 70% interest in th…