NEWS IN BRIEF (January 15, 1996)
Pacific Mariner Explorations (PMR:VSE) has changed its name to Abitibi Mining (ABB:VSE).
1996
Newmont Gold opts to write down Grassy Mountain
After losing nearly a million ounces from its reserve base last year, Newmont Gold (NYSE) chose to write down its investment in the Grassy Mountain property in eastern Oregon.The major acquired the pr…
USMX moves ahead with Illinois Creek
The Illinois Creek gold project in Alaska is undergoing a feasibility study as environmental permitting is carried out.USMX (NASDAQ) hopes to have final permits in hand as early as June.The gold-silve…
Echo Bay bows out of Colorado property
Having completed diamond drilling and a project review, Echo Bay Mines (TSE) has decided to terminate its option agreement with Hendricks Minerals Canada (CDN) for the Cross mine near Nederland, Colo….
Golden Queen boosts reserves at Soledad
Drilling at the Soledad Mountain gold project near Mohave, Calif., is firming up reserves for Golden Queen Mining (TSE).The company hopes to make a production decision affecting the open-pit, heap-lea…
Euro-Nevada to finance development at Midas
Royalty company Euro-Nevada Mining (TSE) plans to raise between $52 million and $65 million to finance development of the Midas project in Nevada, in which it has a half interest.The company will issu…
Index (January 15, 1996)
DEPARTMENTSCareersClassified AdvertisingCommentaryDiamond DrillersDiamond NewsDividendsEditorialsMetal PricesObituaryOdds ‘n’ SodsPeopleProfessional DirectoryStock MarketsSubscriber ServiceThe Norther…
Meetings (January 15, 1996)
MEETINGSJan. 22, Banff Res. Jan. 22, Cons Bullion Reef Jan. 22, Int’l Focus Jan. 22, Montello Jan. 22, Premier Minerals Jan. 22, Remington Creek Jan. 23, Fort Point Jan. 23, Stina Jan. 23, Valerie Gol…
Rio Amarillo Mining drill-tests gold prospect in central Peru
A 400-metre program of diamond drilling is under way on the Aija gold prospect in central Peru.Rio Amarillo Mining (VSE) is drilling seven holes in an effort to test a geochemical anomaly. Spot sampli…
Altavista to drill Santa Anna
Having raised $500,000 through a private placement of 1 million shares, Altavista Mines (ME) is ready to begin drilling its Santa Anna gold property in northwestern Quebec.A 50-hole program of definit…
Procoloro confirms gold grades at Yurani project
Encouraging gold and silver values are contained in initial drill results from the Yurani project in Colombia.Procoloro Resources (ME) reports that seven holes have been drilled, and that assay result…
Thickest intersection yet at Eastern Deeps
The thickest massive sulphide intersection yet encountered at the Eastern Deeps area of the Voisey’s Bay nickel-copper-cobalt deposit in Labrador has prompted Diamond Fields Resources (TSE) to project…