ODDS’N’SODS — Time to Streamline
In December, 1995, the federal Standing Committee on Natural Resources tabled an interim report which examined mining issues and made specific recommendations to government. The committee was chaired …
1996
American finds new gold zone in Uruguay
At the San Gregorio gold project in northern Uruguay, American Resource (NASDAQ) has encountered a new zone of mineralization.The structure was intercepted in the footwall of the San Gregorio shear zo…
Aurizon and Louvem start production at Beaufor gold mine near Val d’Or
The Beaufor mine, near Val d’Or, Que., has begun churning out the yellow metal.Equal partners Aurizon Mines (TSE) and Louvem Mines (TSE) commenced production in early January. The miners’ changeroom a…
Santa Catalina plans work in Mexico
With an option on the Pilar gold property in Mexico now in place, Santa Catalina Mining (VSE) is making exploration plans.The property lies 177 km southwest of Hermosillo in Sonora state, and Santa Ca…
Records set in 1995 for world gold markets
The latest update on the gold market by Gold Fields Mineral Services indicates that new records were established in 1995.On the demand side, fabrication and bar-hoarding accounted for some 3,550 tonne…
TVI Pacific narrows sights in Mindanao
In a year dominated by news from its porphyry copper and massive sulphide projects in the Philippines, TVI Pacific (TSE) has been making slow but steady progress in its search for epithermal gold in t…
Cartaway, Peruvian resume drilling
Drilling on the southern margin of the Harp Lake Intrusive Complex in Labrador was expected to have resumed by presstime.Vancouver-listed partners Cartaway Container and Peruvian Gold report that thre…
Cominco drills SW Gold’s Peruvian properties
Delayed by road construction, a 9-hole drill program is expected to begin later this month on the high-grade Accha zinc-lead property in Peru.Cominco (TSE) can earn an initial half interest in the pro…
BHP takes control of Magma
Having cleared the anti-trust hurdle with the U.S. government, BHP (NYSE) is proceeding with its merger with Magma Copper (NYSE).In early January, the Australian miner completed a tender offer for a m…
Program planned for Prosperity
A loan from a private company associated with Robert Dickinson, president of Taseko Mines (VSE), will provide $1 million in interim financing for the company’s Prosperity gold-copper project in centra…
Cortex drills copper property in Utah
Utah-based Cortex Mining & Exploration (OTC) has completed reverse-circulation drilling on its Beaver Lake-Rocky copper project near Milford, Utah.The junior drilled 10 holes, consisting of 3,000 ft.,…
Summo hits copper at Champion
Drilling on the Champion property in Taos Cty., N.M., has turned up oxide copper values for Summo Minerals (VSE).Ten holes were drilled on a 150-by-200-ft. pattern, with the first seven holes returnin…