NEWS ROUNDUP — Bolivar cuts Cuban deal
An agreement with the Cuban government gives Bolivar Goldfields (VSE) a half interest in the exploration and development of four concessions in that country. The properties comprise more than 7,900 sq…
News
NEWS ROUNDUP — Minefinders options property
Toronto-based Minefinders (VSE) can obtain the Lista Negra silver property in Mexico’s Sonora state. Sampling by means of a hammer percussion drill has returned up to 23.05 oz. silver per ton from a s…
NO HEADLINE (December 05, 1994)
Price (US) Week’s Change Gold* $382.35 ” $2.15 Silver* $5.08 ” $0.09 Platinum* $409.60 ” $0.90 Nickel** $3.64 + $0.20 Lead** $0.29 ” $0.01 Copper $1.36 + $0.10 Zinc $0.51 ” $0.01 Courtesy of Scotiaban…
Breakwater files rights prospectus
Toronto-listed Breakwater Resources has filed a prospectus for an offering of rights to buy up to 239.5 million Breakwater shares at 10 cents each. Each shareholder would receive one right for each sh…
Holmer to fund work on Cuban play
Alberta-listed Holmer Gold Mines has arranged a private placement of 1 million units at 40 cents each. A unit will consist of one common share and a common share purchase warrant. The latter will be e…
Geomaque gets environmental permits for mine
Toronto-listed Geomaque Explorations has obtained the environmental permits that will enable it to operate the San Francisco mine in Mexico’s Sonora state. The heap-leach gold mine is being designed a…
Madsen Gold buys Dona Lake site
The Dona Lake mine site near Pickle Lake, Ont., has been sold. Madsen Gold (TSE) is buying the operation (excluding headframe and underground workings) for $816,000. Current owners Ross Finlay (85%) a…
PRODUCER PRICES (December 05, 1994)
ALUMINUM: MW U.S. market US90.5 cents-93.5 per lb. (Nov. 18, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…
NEWS ROUNDUP — New Dynacor gold zone
Montreal-listed Mines Dynacor has uncovered a near-surface gold zone at its Siscoe project near Val d’Or, Que. The zone, lying west of the Main vein, was discovered by drilling to a depth of 150 ft. T…
Black Hawk cuts nickel at Redstone
The first diamond drill hole at Black Hawk Mining’s (TSE) Redstone nickel property south of Timmins, Ont., has intersected significant values. Hole BH 94-1 intersected 6.79% nickel over 8 ft. from 1,0…
Adrian sells Eskay Creek stake
By purchasing the IKS 1 and 2 claims, Prime Resources (TSE) will gain an undivided 100% interest in the rich Eskay Creek polymetallic orebody in northeastern British Columbia. Prime, which has a 50% i…
Trillion drills Jena mines complex
The Jena Mines complex in Zimbabwe has undergone the first phase of a 16,000-metre program of surface drilling. Trillion Resources (TSE) says 15 holes, totaling 4,460 metres, have extended the Stump o…