No Headline (February 19, 1996)
Hemlo picks up Red Lake optionShane Resources (VSE) has dealt an option on its Ball Twp. gold property, 30 km west of Red Lake, Ont., to Hemlo Gold Mines (TSE).To earn a 60% interest, Hemlo will pay $…
1996
Pacific Wildcat proves up Sulut
Initial drill results at the Sulut property in northeastern Sulawesi, Indonesia, support previous resource estimates, reports Pacific Wildcat Resources (VSE).Historic work by a major mining company ou…
Keystone players consolidate holdings
The Keystone joint venture has acquired the remaining interest in the Wasekwan Belt property, near its producing Burnt Timber mine, southeast of Lynn Lake, Man.Minority holders Trans America Industrie…
GREATEST VALUE TRADED (February 19, 1996)
ExchngValue(000s) High Low Close ChangeDiamond Flds T669321$39 1/830 1/238 3/8+7 7/8Barrick Gold T326930$454141 3/4-2 1/2Placer Dome T219698$423838 5/8-2 5/8Inco Ltd T182496…
Murgor reports results from Barry Twp.
Winter drilling has wound down on the Barry Twp. gold property in northwestern Quebec.Murgor Resources (ME) has been testing the extent of a gold showing, where values as high as 0.1 oz. gold per ton …
EDITORIAL PAGE — Expecting the unexpected
The mining industry has spawned a number of colorful adages, such as “Mines are where you find them” and “The best place to look for elephants is in elephant country.”Lesser known is the pearl of wisd…
Mincor Resources boosts reserves at Monarch mine in Mozambique
Improvements to the milling circuit have enabled Mincor Resources (ASE) to increase reserves at its Monarch mine in Mozambique.The Monarch mine produces 20,000 oz. annually and now has a reserve large…
Leaf Rapids plans celebration
Friends, both old and new, are being sought to help Leaf Rapids, Man., celebrate the town’s 25th anniversary.Situated 3 km south of the Churchill River on the Canadian Shield and 976 km northwest of W…
PEOPLE — SINO PACIFIC (February 19, 1996)
Sandra Hendrickson appointed director and secretary; Allen Rose appointed director.
Colorado conference highlights 21st century
The 99th annual meeting of the Colorado Mining Association will focus on the survival of the industry in a growing global economy. The National Western Mining Conference and Exhibition, will be held F…
Drilling is planned at Indata project
Diamond drilling will get under way soon at the Indata project, 130 km north of Fort St. James, B.C.Clear Creek Mining is earning a half interest in the property from Eastfield Resources (VSE) by spen…
PEOPLE — JERSEY GOLDFIELDS (February 19, 1996)
Ian Gray appointed director.