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 …
News
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…
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…