Mining industry
HRC Development Corporation, in partnership with Eldorado Corporation Ltd., has made a significant discovery in the Andes Project, a 1,200 square mile property located in Northwestern Argentina along the Chilean-Argentinean Border. The discovery of a second mineralized stockwork system, the Nordin zone, has been confirmed in trenches on a
Mining industry
The Papua New Guinea government granted a Special Mining Lease (SML) for the Lihir gold project on March 17, 1995, following extensive negotiations between the Lihir joint venture, the government, and the Lihir landowners. This development marks a significant step forward for the project, which is expected to commence construction
Mining industry
Amax Gold Inc.'s wholly owned subsidiary, Fairbanks Gold Mining Inc., has initiated construction on the Fort Knox Gold Mine, a significant project aimed at extracting gold in Alaska. The mine, set to start production by late 1996, is expected to produce over 350,000 troy ounces of gold
Mining industry
Centurion Mines Corp. has successfully extracted a 30-ton bulk ore sample from the upper levels of the Mammoth Mine in Utah. The assay results show a grade of 0.07 ounces per ton in gold, 10.5 ounces per ton in silver, and 9.9% copper, representing approximately $350 per
