NEWS IN BRIEF (April 03, 1995)
Chiboug Copper has changed its name to Guyana Goldfields on a 1-new-for-4-old-share basis.
1995
Focus on gold and diamonds at pair of Aussie conferences
Plenty of Canadian content was evident at two major mining industry conferences, the Australian Gold Conference in Kalgoorlie and the World Diamond Conference in Perth. Several speakers at the gold co…
Toronto Stock Exchange Indices (April 03, 1995)
— 1995 — Mar 28 Mar 27 Mar 24 Mar 23 Mar 22 High Low Composite”300″ 4299.72 4307.93 4317.10 4290.42 4263.18 4317.40 3983.34 Metals&Minerals 4116.09 4108.94 4131.01 4095.87 4049.57 4337.89 3273.56 In…
Financing secured for Fort Knox
Financing has been secured for development of the Fort Knox gold deposit in Alaska. Cyprus Amax Minerals (NYSE) made available to Amax Gold (NYSE) US$80 million in revolving credit. The money is in ad…
Placer Dome, Gold Fields settle Pipeline dispute
Litigation concerning the Pipeline project in Nevada’s Lander Cty. has been resolved, Placer Dome (TSE) reports. The legal dispute began in 1992 when Gold Fields Mining challenged the conduct of Place…
Initial output at Louvicourt
Initial production figures have been released by Aur Resources (TSE) for its Louvicourt polymetallic mine, along with exploration results from the nearby AurBel gold property. At Louvicourt, situated …
EDITORIAL PAGE — GSC move a few rocks short
Federal Mines Minister Anne McLellan was recently taken to task in the House of Commons by Lee Morrison, the Reform Party’s mining critic. The minister was questioned about a proposal to relocate the …
Dakota raises funds for Anchor Hill
From the sale of special warrants, Dakota Mining (TSE) received US$6 million in gross proceeds to finance development of the Anchor Hill project at the Gilt Edge gold mine near Deadwood, S.D. The comp…
Voisey drilling shows zone continuity
Drilling at the Voisey Bay nickel-copper-cobalt project in Labrador continues to intersect mineralization, indicating the zone has excellent continuity in both grade and thickness. To date, Diamond Fi…
Odds ‘n’ Sods — Block carving at Helen
The first “block carving” at the Helen mine of Algoma Steel was in a block of siderite ore measuring 500 ft. long, 250 ft. wide and 300 ft. high. Situated under an open-pit floor, the block contained …
Royalstar drilling Honduran project
A first phase of drilling is being completed by Royalstar Resources (VSE) at the Clavo Rico gold concession in southern Honduras. Royalstar recently sampled sheared and brecciated andesite volcanic ro…
OBITUARY — Mario de Bastiani
A pioneer in the Canadian uranium industry through his involvement in the development of the town of Elliot Lake, Ont., and the startup of Consolidated Denison Mines in 1955, Mario de Bastiani, P. Eng…