Expansion plans proposed for Division Mountain
Expansion plans may be in order at the Division Mountain coal project in the Yukon. The drill-indicated, undiluted, minable resource is now estimated at 31.7 million tonnes of Volatile Bituminous “B” …
1995
Canarc, Echo Bay team in Guyana
An alliance with Canarc Resource (TSE) gives Echo Bay Mines (TSE) a call on Canarc’s exploration efforts in Guyana and Suriname. The latter will buy a 3-million-share private placement in Canarc at $2…
Waddy Lake and Golden Rule revise Komis reserves
TSE-listed partners Waddy Lake Resources and Golden Rule Resources have taken a closer look at the geology of the Komis gold deposit and, in the process, recalculated the reserve figure. The deposit, …
ODDS’N’SODS — Diamonds in the Appalachians
The occurrence of diamonds in the eastern U.S. has been well documented since 1843, and possibly even earlier. The authenticated diamonds range in size from 0.25 carats to the Punch Jones diamond, whi…
Monarch spreads its wings in Venezuela
Favorable drill results have enabled Monarch Resources (TSE) to increase gold reserves at its Camorra mine and Canaima concession in the Venezuelan district of El Dorado. At La Camorra, results have b…
Birim extends land holdings
The land holdings of Birim Goldfields (CDN), along the Ashanti gold belt in Ghana, have been extended. The junior has been granted an additional 30 sq. km north of the Dunkwa property. The new acquisi…
Study completed for Rambler
A private Newfoundland-based company, Raymo Processing, has carried out a preliminary feasibility study into construction of a 500-tonne-per-day, indoor, vat leaching plant to process the Rambler mine…
Canyon shows loss for the year
Colorado-based Canyon Resources (NASDAQ), as expected, reported a loss for 1994. The company, which expanded its international exploration and experienced a full year of interest expense on its conver…
Western Copper boosts Thermal stake
An additional private placement gives Western Copper Holdings (TSE) a total of 5.8 million shares of Thermal Exploration (ASE), or about 35.5% of its issued shares. The placement comprises 1.2 million…
METALS COMMENTARY — Metals return to fundamentals
Metal markets continued to show signs of recovery in March as supply-demand fundamentals regained prominence. Metal manufacturers throughout the Organization for Economic Co-operation and Development …
11 (April 10, 1995)
Explorer Mongolia Gold Resources (VSE) is negotiating to acquire a second property in the central Asian country. Previous work outlined a potentially open-pit resource of 27.5 million tons grading 0.0…
Lighter coins in the works as metals makeup to change
A change in the metals composition of coins in circulation in Canada, with the exception of the $1 loonie, is in the works. The Royal Canadian Mint plans to use nickel-plated steel for the 50-cent, 25…