1996

Geomaque boosts production at San Francisco mine

The San Francisco gold mine in Mexico’s Sonora state has seen increased gold production and further positive exploration results in recent months.Owner Geomaque Explorations (GEO-T) poured its first g…


Goldfields reserves to be re-audited

Convinced that its Goldfields project deserves another turn at the plate, Greater Lenora Resources (GEN-T) has retained Behre Dolbear to re-assess drill data for the Box and Athona gold deposits on th…


Agnico ups stake in Sudbury

Following completion of a private placement of flow-through shares, Agnico-Eagle Mines’ (AGE-T) direct stake in Sudbury Contact Mines (SUD-T) will increase to 38.9% from 30.5%.The placement of 1.3 mil…


Kilo cancels release of its assay results

Management of Kilo Gold Mines (KGD-A) has abandoned plans to release assay results on concentrates from its Johnson Valley gold project in California.The company says the owner of the recovery system …


Pacific Bay begins Yukon program

Field crews have begun follow-up work on geophysical features identified by an airborne survey over the holdings of Pacific Bay Minerals (PBM-V) in the Finlayson-Wolverine Lake-area in south-central Y…


Young-Shannon funds program

Armed with funds from a private placement, Young-Shannon Gold Mines (YSG-V) intends to carry out surface and underground development work at its claim block in Chester Twp., near Timmins, Ont.Diamond …


Platinova makes zinc discovery in Greenland

Drilling by Platinova A/S (PAS-T) on its Peary Land project in northeastern Greenland has resulted in the discovery of a new zone of zinc mineralization.The structure lies between a group of surface s…


Agate Bay, partner drilling at Pachina

Partners Agate Bay Resources (ABE-V) and Demand Gold (DOT-V) have drilled six reverse-circulation holes at the Pachina prospect in Chile.The property covers widespread copper-gold showings within a ge…


Sadiola mine to pour gold by year-end

The Sadiola Hill mine in Mali is 75% complete and is expected to pour its first gold by the end of 1996.”Even at this early stage in its development, Sadiola will rank amongst the top 25 gold mines in…


Nevsun cuts high-grade gold at Tabakoto

As part of an ongoing drill program at the Tabakoto gold project in the Kenieba region of western Mali, 90% owner Nevsun Resources (NSU-T) has announced drill results from 16 holes.Further testing alo…


Armada merger with Nescor gets nod

Shareholders of Armada Gold (AAU-A) voted in favor of a merger with Robert Friedland’s private company, Nescor.Friedland was elected co-chairman at Armada’s recent annual meeting, joining incumbent bo…


Junior and major team up in Guyana

The government of Guyana has signed an agreement of intent with two mining companies interested in the country’s gold potential.Under the agreement, Placer Dome (PDG-T) will explore prospective proper…


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