Mount Polley decision expected before fall
The Mount Polley project in central British Columbia could be producing copper and gold by the end of the first quarter of 1997.At the annual meeting of Imperial Metals (TSE), President Pierre Lebel s…
1995
Drilling expanding reserves at Kabanga nickel project
A drill program at the Kabanga joint venture in Tanzania is expanding reserves.Sutton Resources (VSE) says work on the North zone has outlined 12.4 million tons grading 2% nickel, 0.27% copper and 0.1…
Eskay Creek mine gives Prime Res. scope for growth
With its wholly owned Eskay Creek gold-silver mine in northwestern British Columbia up and running, Prime Resources Group (TSE) is looking to seize opportunities elsewhere in Canada.Towards this end, …
Breakwater back from the brink
With progress being made to address the metallurgical difficulties at the Caribou zinc-lead-silver mine, Breakwater Resources (TSE) is well on the road to recovery, company officials say.”Your company…
Triton starts trenching at Topacio gold project
The Topacio gold project in southeastern Nicaragua is gradually taking shape under the direction of Triton Mining (TSE).Previous work, in the mid-1980s, identified a probable resource of 559,000 tonne…
Freeport upgrades Indonesian mine
Milling rates are surpassing expectations as Freeport-McMoRan Copper & Gold (NYSE) completes its expansion of the Grasberg copper-gold operation in Indonesia’s Irian Jaya province.The goal of 115,000 …
Glencairn drills Goodfish play
Drilling is under way at the Goodfish property near Kirkland Lake, Ont., where past drilling returned up to 0.49 oz. gold per ton across 41.5 ft.Glencairn Explorations (ASE) is operating the current 5…
Forrest trench results promising
Gold enrichment has been found to exist in each of 10 trenches at the Forrest project of Trillion Resources (TSE).The property is in the Kadoma region of Zimbabwe, where Trillion has licences to carry…
LETTER TO THE EDITOR — Great Lakes puts foot in mouth
In the article “Geomaque resists merger” (T.N.M. May 12/95), Great Lakes Minerals Chairman John McBride refers to information in Geomaque’s letter to shareholders dated June 5, 1995, as “a lot of bunk…
Gold Funds (June 26, 1995)
Gold Funds as of June 20BGRCentralNet Value$17.78$6.77Price$14.50$7.125Discount18.43%Premium5.2%Value$138,979,000$128,957,513…
Falconbridge to proceed with Raglan
Though remote, the area along the northeastern shore of Labrador and Quebec is gaining renown as a hot spot for nickel discoveries. In addition to the Voisey Bay nickel-copper-cobalt deposit controlle…
Francisco forms JV in Mexico
El Realito, a gold-silver property in Mexico’s Chihuahua state, will be explored by Nord Pacific (NASDAQ) and Francisco Gold (VSE).Francisco, an Australian-based company, paid US$100,000 for the prope…