Murgor discovery near Chibougamou
A stripping and trenching program near Chibougamau, Que., has uncovered a significant zone of gold mineralization. The work, carried out by Murgor Resources (VSE), revealed a 100-130-ft.-wide, gold-be…
News
DIAMOND PAGE — Russians make history with public listing of
The public listing of diamond exploration company Almazny Bereg on the Central Russian Universal Exchange marks an industry first. The company holds the development licence for the Verkhotina project …
Custodianship of Brisas decided
Possession and control of the Brisas concession in Venezuela will remain with a subsidiary of Spokane-based Gold Reserve (TSE). The decision was made by the Supreme Court of Venezuela, which reaffirme…
GOLD FUNDS (December 26, 1994)
BGR Central Net Value $16.95 $6.48 Price $13.63 $6.75 Discount 19.60% Premium 4.2% Value $134,860,000 $117,210,038…
Boleo returns copper-cobalt values
Still more impressive copper-cobalt values are reported from a drill program at the Boleo project in Baja California Sur, Mexico. International Curator Resources (TSE), which has an option to acquire …
Summo boosts reserves
The resource estimate for the Lisbon Valley copper property in eastern Utah has doubled. mmo Minerals (VSE), which is acquiring the asset from a private owner, reports the new estimate as being 38.4 m…
Noranda restructures for growth
A restructuring by Noranda (TSE) has resulted in Noranda Minerals being replaced by two new entities, Noranda Mining & Exploration (NM&E) and Noranda Metallurgy. The announcement follows a year of “st…
Madsen to mine at Red Lake
Working to return its namesake mine to production in northwestern Ontario, Madsen Gold (TSE) is planning to extract 40,000 tons of upper-level ore for gold processing in 1995. President James Morlock …
River Gold definition drilling
Results from the eastern-most hole to date proved to be the highlight of surface drilling by River Gold Mines (TSE) at the Eagle River gold project near Wawa, Ont. The intersection encountered 69.86 g…
EDITORIAL PAGE — 1994 retrospective
The stars must have been aligned in strange configurations for much of 1994 — how else to explain the unusual events that took place in the mining industry. Who would have predicted, for example, tha…
New GAC divisions created
The Geological Association of Canada has created three new divisions: the Canadian Geomorphology Research Group (CGRG), Remote Sensing, and Geographic Information Systems (GIS). The objectives of CGRG…
Ontario grant will help export of mining services
The Ontario government will contribute $875,000 to the Canadian Association of Mining Equipment and Services for Export (CAMESE). The funding will form part of the association’s $3.5-million, 5-year b…