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 …
News
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…
Survival plan for St Andrew
Recent losses are taking their toll on St Andrew Goldfields (TSE). The small gold producer filed an application under the Company’s Creditors Arrangement Act, seeking a stay of proceedings and authori…
EXPLORATION ’94 — Exploration enhancing Petaquilla project
Exploration programs carried out by Adrian Resources (TSE) are continuing to enhance the potential of the company’s land package in Panama. Teck (TSE) recently agreed to fund a feasibility study on th…
THE DIAMOND PAGE — A-154 results brighten spirits of
Drilling on the A-154 kimberlite prospect in the Lac de Gras area of the Northwest Territories is returning consistent results for 40-60 partners Aber Resources (TSE) and Kennecott. Hole 5, drilled in…
EXPLORATION ’94 — Copper values at Cashin
Drilling on the Cashin property in western Colorado is confirming the presence of a large, disseminated copper deposit. Summo Minerals (VSE) can acquire the property by paying an aggregate of US$900,0…
Normabec options Noyell
Montreal-based Normabec Mining Resources (ME) can acquire a half interest in the Noyell gold property in Quebec from Soquem. To do so, it must spend $400,000 on exploration over three years, including…
Great Lakes advances Lluvia de Oro
Development of a second gold deposit is in the works for Great Lakes Minerals (TSE). With cash flow expected by year-end from its 20%-owned Grouse Creek gold mine in Idaho, the company has commissione…
Drill program at Eagle River
Surface drilling at the Eagle River gold project near Wawa, Ont., continues to return encouraging results for River Gold Mines (TSE). The project, which wound up late this month, involves stope defini…
Spot prices at a glance (November 28, 1994)
Week’s Price (US) Change Gold* $384.50 – $1.00 Silver* $5.17 – $0.02 Platinum* $410.50 – $3.90 Nickel** $3.44 – $0.06 Lead** $0.30 – $0.01 Copper $1.26 – $0.04 Zinc $0.52 – $0.02 Courtesy of Scotiaban…