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…
1995
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 …
New gold zone uncovered at Damoti Lake project
At the Damoti Lake project in the Northwest Territories, exploratory drilling on iron formation structures has identified an area of gold mineralization referred to as the Lard zone. Situated southeas…
Kookaburra works Peruvian prospect
Mapping and sampling of underground workings, along with soil geochemical work, continue at the Tacaza copper project in Peru, Kookaburra Resources (TSE) reports. Reverse-circulation drilling has outl…
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…
Bronzewing enters production
The booming gold industry in Australia has spawned a series of major discoveries in recent years, one of the better ones being the Bronzewing mine of Great Central Mines (NASDAQ) which recently entere…
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…