High River to acquire Chilean gold project
Toronto-listed High River Gold Mines will earn a 67% direct interest in the Pastos Largos gold project in the Domeyko region of Chile. Under an agreement with a private Ontario company, High River wil…
News
Teddy Bear plans debenture issue
A private placement of convertible debentures will allow Teddy Bear Valley Mines (CDN) to raise a minimum of $6 million. The junior reached an agreement-in-principle with brokerage firm Loewen, Ondaat…
Peruvian Gold explores Agua Verde gold property
A copper-bearing, skarn-intrusive contact on the Agua Verde property of southern Peru is the focus of extensive sampling by Peruvian Gold (VSE). An intrusion into host sedimentary units by an ellipsoi…
INSIDER TRADING — Agnico-Eagle execs sell shares
Two directors and one senior officer of Agnico-Eagle Mines (TSE) exercised options and sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, senior offic…
Mixed results for Pegasus
Higher revenues were somewhat offset by higher cash operating costs and lower total gold production for Pegasus Gold (TSE) during recent months. For the third quarter, Pegasus earned US$832,000 on rev…
EXPLORATION ’94 — Bre-X awaits results from Busang
As the discovery of large-tonnage deposits becomes more and more difficult to pull off within Canada’s traditional mining camps, many companies are opting to seek out less-trodden areas abroad. Such i…
EXPLORATION ’94 — NAM bullish on Great Bear potential
An aggressive $5.5-million program has resulted in the discovery of new zones of gold mineralization at the Golden Bear mine property in northwestern British Columbia. The 35,200-hectare property, own…
EXPLORATION ’94 — Stock markets cool after heady start in
Canadian stock markets, which roared early in the year, displayed renewed vigor during the summer and into autumn before cooling again in late October. The Toronto Stock Exchange set a new milestone O…
Positive study for Andacollo
Management of Canada Tungsten (TSE) plans to develop the Andacollo copper property in Chile, with the red metal to be recovered by solvent-extraction electrowinning. The Vancouver-based company (now h…
PEOPLE — BISMILLAH
Raymon Mabanta, Celissa Ma, Willy Ramussen and J. Woods appointed directors.
PEOPLE — SWANNELL
John Mooney appointed vice-president and director; Shirley Mooney appointed director.
NEWS IN BRIEF (November 21, 1994)
Lodestar Explorations (LSI:VSE) has changed its name to Precision International Resources (PLO:VSE) on a 1-new-for-5-old-share basis.