1996

World Wide to take helm of Tselinny uranium project

Following a 5-month due diligence review, World Wide Minerals (WWS-T) has decided to assume management of the Tselinny uranium operations in north-central Kazakhstan.Under an agreement with Tselinny, …


Correction (October 21, 1996)

Two holes drilled by Orvana Minerals (ORV-T) at the Butte Highlands gold property in Montana intersected 0.1 oz. gold per ton over 82.5 metres (including 25.3 ft. of 0.16 oz.) and 0.1 oz. over 91 ft. …


Misty sizing up Specogna gold deposit

On British Columbia’s Queen Charlotte Islands, Misty Mountain Gold (MGL-T) is drilling off its Specogna epithermal gold deposit in an attempt to amass sufficient data to calculate minable reserves.Dis…


Eastmain drilling at Clearwater

Eastmain Resources (ESTR-C) and the Quebec Crown corporation Soquem have resumed drilling at the Clearwater project in the Eastmain River greenstone belt in northwestern Quebec.The drilling is intende…


Scorpion announces equity financing

Toronto-based Scorpion Minerals (SCP-T) has entered into an agreement with Loewen Ondaatje McCutcheon for a special warrant financing in order to raise $15-$19.5 million.Through a wholly owned subsidi…


Komis mine pours first yellow metal

The Komis mine of Golden Rule Resources (GNU-T) has celebrated its first gold pour.Situated in Saskatchewan’s Waddy Lake region, the mine is processing 378 tons per day of low-grade development ore.Si…


Palmer tests Cikoneng gold prospect

The second hole drilled on the Cikoneng gold-silver prospect at the Cibaliung property in West Java, Indonesia, has intersected a true thickness of 14.85 metres grading 11.3 grams gold and 88.51 grams…


Cameco radiating profitable glow

After the dark days of the early 1990s, Saskatoon-based miner Cameco (CCO-T) is basking in the glow of a greatly improved market for its principal product.The company reported net earnings of $106 mil…


More juniors crowd Lac Volant

A large number of junior companies, most of them Quebec-based, have tied up ground in the Lac Volant area, which was recently reopened by the Quebec government for staking.The area was withdrawn from …


ProAm explores target near Winnipeg

Junior ProAm Explorations (PMX-V) will test a large, aeromagnetic anomaly near Winnipeg, Man., for platinum, palladium, nickel and copper.ProAm describes the 24-by-11-km aeromagnetic signature as “typ…


NEWS ROUNDUP — Manhattan acquires Peruvian ground

Manhattan Minerals (MAN-T) is acquiring a 100,100-ha land package in northern Peru.The new concessions, known collectively as the Lacones project, adjoin the Tambo Grande massive sulphide project to t…


NEWS ROUNDUP — Teck, Mansfield drill Cerro Samenta

Satisfied with the title to the Cerro Samenta copper porphyry property in the Argentine province of Salta, partners Teck (TEK-T) and Mansfield Minerals (MDR-V) have signed a drilling contract for 10 h…


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