Noranda testing recovery plant for magnesium
Further testing of a process to recover magnesium from asbestos tailings in the Thetford Mines area of Quebec will be pursued by Noranda Minerals. Construction of a $25-million pilot plant will start …
1994
Sutton acquires Tanzanian prospect
Under an agreement with the Tanzanian government, Sutton Resources (VSE) has gained an 85% net interest in the Bulyanhulu gold deposit about 40 miles south of Lake Victoria. Under the agreement, Sutto…
Steel companies study design of lighter cars
An international consortium of steel companies has begun work on designing the lightest possible steel-bodied passenger car to help automakers reduce the weight of their vehicles in an affordable way….
LATIN AMERICA ROUNDUP — Barrick options Bolivian property
Senior gold producer American Barrick Resources (TSE) will finance US$2.5 million of exploration at the Escala project in southern Bolivia. Australian junior Austpac Gold owns the property, where, ove…
Meliadine drilling cuts gold values
Drilling on the Meliadine project near Rankin Inlet, N.W.T., is returning gold values for joint owners Cumberland Resources (VSE) and Comaplex Resources (TSE). The current program includes closely spa…
Martel accused of violating Privacy Act
Ontario’s privacy commission has decided that the province’s mines minister, Shelley Martel, revealed “personal information” about an Ottawa man and, consequently, has violated the Freedom of Informat…
Paredones results encourage Echo Bay
Drill results from the Paredones Amarillos gold property in Baja California Sur, Mexico, are proving encouraging for Baja Gold (TSE) and Echo Bay Mines (TSE). The latter can earn a 51% interest in the…
Control at Imperial changes hands
Control of Imperial Metals (TSE) is now in the hands of Calgary investor N.M. Edwards. Through a private financial corporation, Edwards will buy the 20-million-share block held by a group of five Euro…
PEOPLE — FARALLON RES. (August 29, 1994)
Robert Hunter appointed director and chairman; Ronald Thiessen and Jeffrey Mason appointed directors.
Trillion drilling Zimbabwe deposit
A 50,000-ft. drill program has begun at Trillion Resources’ (TSE) 50%-owned Jena Mines complex in Zimbabwe. The objective is to develop new gold reserves on strike with the currently producing Stump, …
New Damoti zone being drilled
Drilling is under way on a new zone of gold mineralization at the Damoti Lake property north of Yellowknife, N.W.T. Consolidated Ramrod Gold (TSE) holds a 40% interest in the property and is earning a…
Lac management accepts Barrick offer
In a move that took many investors by surprise, American Barrick Resources (TSE) announced it had signed an agreement with takeover target Lac Minerals (TSE) to acquire all outstanding shares of the l…