Pamlico returns gold values
Significant gold values have been encountered on the Pamlico property in Mineral Cty., Nev. VSE-listed partners Cactus West Explorations and Pamlico Gold report that drill hole PRC-28, at the northern…
News
Diamond Fields reports new Voisey Bay results
Results are now in from the last three holes drilled at Diamond Field Resources’ (TSE) Voisey Bay nickel-copper project on the northeastern coast of Labrador. Early drilling (holes 94-1 to 94-4) focus…
Cuban copper project yields gold
While conducting work towards a final feasibility study on the Mantua copper project in Cuba, 50% owner Miramar Mining (TSE) identified three previously unrecognized forms of gold mineralization. One …
La Colorada turns up more gold
Stepout drilling at La Colorada, a mine property east of Hermosillo in Sonora state, Mexico, continues to return wide intersections of oxide gold mineralization. Eldorado (TSE) owns and operates an op…
Adex Mining drilling boosts Mt. Pleasant reserves
A “wildcat hole” has Adex Mining (TSE) confident that tin mineralization is continuous between two known structures at the Mount Pleasant mine property in New Brunswick. Adex is funding prefeasibility…
Copper output forecast to rise in the Philippines
The Philippine Chamber of Mines expects the country’s copper concentrate production to rise this year on the back of higher international copper prices and lower government taxes imposed on corporate …
GOLD FUNDS (February 20, 1995)
Gold Funds as of Feb. 6 BGR Central Net Value $16.02 $6.46 Price $12.75 $6.125 Discount 20.40% 5.2% Value $125,529,000 $110,858,213…
NEWS IN BRIEF (February 20, 1995)
Bar Resources (BSL:VSE) has changed its name to Southern Bar Minerals (BMW:VSE) on a 1-new-for-3.5-old-share basis.
MSV record for copper output
In the fourth quarter, MSV Resources (TSE) established a new record for copper production. The Montreal-based company mined more than 129,000 tons of ore to yield 4 million lb. of the red metal from i…
Junior tests Quebec property
Exploration has begun on the Jeremie Twp. gold property in northern Quebec. The 195-claim property, owned by Canadian Golden Dragon Resources (VSE) and Cyprus Canada, is adjacent to, and west of, the …
Caledonia mining private placement nears completion
Toronto-listed Caledonia Mining reports a partial closing on the European portion of its private placement of unsecured convertible debentures. To date, $20.5 million of the planned $20.6-million plac…
New zones at La Ronde mine
Ongoing exploration by Agnico-Eagle Mines (TSE) is enhancing the resource potential of its La Ronde mine property near Cadillac, Que. La Ronde, which started up in 1988, is Agnico-Eagle’s main operati…