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…
1996
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tied up ground in the Lac Volant area, which was recently reopened by the Quebec government for staking.The area was withdrawn from …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…
NEWS ROUNDUP — Goldcorp tries again for Wharf
Ten months after withdrawing a merger proposal, Goldcorp (G.A-T) has made another offer to acquire the rest of Wharf Resources (WFR-T), operator of the Wharf and Golden Reward heap-leach gold mines in…
PEOPLE — ZIM-GOLD (October 21, 1996)
John Arlitt appointed information officer.