Drill results reported from Goldfields play
Toronto-listed Greater Lenora is encouraged by drill results from its Goldfields project in northern Saskatchewan. The assays are from 11 infill holes and three deep exploration holes drilled in the B…
News
Hyundai acquires Anvil Range shares
Having bought the Faro property in the Yukon, Anvil Range Mining has entered into an agreement with Hyundai of Korea involving the sale of Anvil shares worth $24.5 million. Hyundai will acquire almost…
Eight new inductees to Mining Hall of Fame
The Canadian Mining Hall of Fame will induct eight individuals at its annual dinner on Jan. 9, 1995, in Toronto. Established seven years ago, the Hall honors legendary minefinders and builders who con…
Bre-X extends gold zone
A second phase of drilling continues to expand the potential of the Busang gold project in East Kalimantan, Indonesia. In addition, operator Bre-X Minerals (ASE) reports that mapping work has extended…
NEWS ROUNDUP — Western Copper in Mexico
Intent on acquiring the copper property known as El Salvador, Western Copper (TSE) is venturing into central Mexico. The junior can earn a full interest by spending US$1.5 million on exploration over …
EXPLORATION ’94 — Remote Eskay Creek project on schedule for
In spite of its remote location in northwestern British Columbia and the likelihood of a harsh winter ahead, the Eskay Creek project remains on budget and on schedule. The $75-million gold-silver prop…
NEWS ROUNDUP — Summo lands copper project
By moving to acquire the Champion property in New Mexico, Summo Minerals (VSE) hopes to gain a third copper oxide project. The project, situated in Taos Cty., contains a copper oxide resource estimate…
NEWS ROUNDUP — Loubel plans drilling
A 5,000-ft. drilling program is planned for the Chassignole gold property in La Pause Twp. in northwestern Quebec. Gilles Fiset, president of Loubel Exploration (ME), says trenching and sampling durin…
Plans filed for Montana mine
The proposed McDonald gold mine in Montana has moved one step closer to reality. Partners Phelps Dodge Mining and Canyon Resources (NASDAQ), which own 72.25% and 27.5% respectively, have filed a plan …
OPINION — Investing in Russian projects
The mining industry in Russia has benefited from a recent increase in investments. The Australian company Star Technology Systems plans to spend US$250 million by 1999 on the Sukhoy Log project, which…
Cambiex cuts gold in Utah
A 3,000-metre drill program on Exploration Cambiex’s (ME) Annie Laurie gold property in Utah has yielded promising results. Five holes drilled in the Annie Laurie vein system returned the following va…
Placer to buy stake in Orex’s Goldboro
Toronto-listed Placer Dome can acquire a 65% interest in the Goldboro property in Guysborough Twp., N.S. To do so, it must pay $30 million to Orex Resources (ME) and make various exploration and devel…