Atlas options Gold Bar interest to Homestake
Under an agreement with Atlas (NYSE), San Francisco-based Homestake Mining (TSE) can earn a 60% interest in 450 claims on the southern portion of the Gold Bar property near Eureka, Nev. Homestake must…
News
TSE Short Positions (October 17, 1994)
Semi-monthly reports as of Sept 15, 1994 showed 252,996,914 shares of 872 issues compared with 277,080,927 shares of 904 issues on Aug 31, 1994. Larger individual positions included: Aber 108,040; Ade…
Canarc plans drill program for new zone at Polaris-Taku
Surface work on the Polaris-Taku property in northwestern British Columbia has identified a 5,000-ft. northerly strike extension of the property’s three main vein systems. Property owner Canarc Resour…
Bema raises US$33 million
To finance construction of the Refugio open-pit mine in Chile, Bema Gold (TSE) will raise US$33 million from a private placement of 330,000 special warrants. The units are exchangeable into 7.5% conve…
Commodity index rises slightly (October 17, 1994)
The commodity price index of the Bank of Nova Scotia rose by 0.6% in August, despite seasonally weak metal and agricultural prices. The all-items index is 11.2% higher than it was at this time last ye…
Hemlo to boost stake in Holloway venture
With the Holloway project being readied for production by Hemlo Gold Mines (TSE), junior partner Freewest Resources (TSE) was poised to make the transition from an exploration company to a gold produc…
Franc-Or surveys French Guiana
In French Guiana, Franc-Or Resources (ME) has completed a program of airborne geophysics as part of a gold exploration effort. The 1,850-line-km program consisted of magnetic and radiometric surveys o…
New zone uncovered at Golden Bear mine
News from the Golden Bear mine in northwestern British Columbia has taken a turn for the better with the discovery of a new zone of gold mineralization during ramp tunneling to the Grizzly zone. Owner…
Vein extended at Isle Dieu
Surface stripping on the Isle Dieu property near Matagami, Que., has extended, by 400 ft., the known strike length of the gold-bearing Edith vein. Explorations Minieres du Nord (ME) says three samples…
Rainbow drilling confirms zone
Drilling on the Rainbow property is confirming a new zone of copper mineralization encountered earlier this year. Teck (TSE) now holds a 70% interest, which it acquired from Getchell Resources (VSE). …
Antares encouraged by drilling at Zimbabwean gold prospect
Results from an 18-hole program at its gold project in Zimbabwe have given Antares Mining and Exploration (TSE) cause for optimism. The drilling was carried out on the Interloper zone at the Lady Lina…
Decision near for Cerattepe
A prefeasibility study of the Cerattepe project in Turkey calls for an operation consisting of both underground (copper) and open-pit (gold-silver) workings. The deposit, operated by Cominco Resources…