GeoNova finds new zone at Chevrier
Discovery of a new zone south of the main deposit on the Chevier property near Chibougamau, Que., is expected to boost the project’s resources, reports GeoNova Explorations (GNE-M).Hole 126 intersecte…
1996
ODDS’N’SODS — The saga of the Granduc mine
I will never forget the day in 1978 when Treavor Hancock, supervisor of British Columbia’s Granduc copper mine, phoned to tell me that the roof of the mill had collapsed under the weight of ice and sn…
KWG Resources poised to take over Far East Gold
With a little help from its parent company, KWG Resources (KWG-T) has initiated a takeover bid for Far East Gold (FEGI-C).St. Genevieve Resources (SGV-T), the controlling shareholder of both KWG and F…
FACTS & FIQURES — Nevada pulls weight in production
Nevada produced an estimated $3.2 billion in minerals (including petroleum and geothermal energy) in 1995, matching the record set in 1994.It produced 6.8 million oz. gold worth $2.6 billion in 1995, …
PEOPLE –ROYCEFIELD RES.
Philippe DesRosiers appointed director.
PEOPLE –ROYAL ROADS
D. Grenville appointed director.
PEOPLE –RIVER GOLD MINES
Michael Power appointed vice-president of corporate development.
Vedron drills hit gold near Timmins
For Vedron Gold (VDGI-M), Ontario’s Timmins gold camp still has the right stuff.At its wholly owned property in Tisdale Twp., the company is carrying out a 50,000-ft., 40-hole program aimed at testing…
Omni reports initial drill results from Skukum Creek property
Encouraging drill results are reported by Omni Resources (ORI-V) from the first three holes of an expanded program at its Skukum Creek property in the Mount Skukum area of southern Yukon.The 15-hole p…
Northern Orion inks Argentine deal
An Argentine firm will earn a 67% stake in Northern Orion’s (NNO-T) El Dorado project in Santa Cruz province.To earn the interest, Minera Mincorp must pay US$5 million over four years.Northern Orion h…
EDITORIAL PAGE — The winds of change
In August of 1946, South African mine workers demanded and won a minimum wage of 10 shillings per day, which, to the best of our reckoning, works out to about $2. Then, in August of 1987, unionized mi…
THE DIAMOND PAGE — Diavik partners report promising values
Partners Kennecott Canada and Aber Resources (ABZ-T) are encouraged by the latest drill results from their Diavik diamond project near Lac de Gras in the Northwest Territories.A single, large-diameter…