Cusac confirms mineralized vein
At the Table Mountain gold property in northern British Columbia, preliminary work has begun on the western extension of a new structure identified as the Big Vein. The work coincides with advancement…
News
Gold Funds (December 12, 1994)
BGR Central Net Value $17.07 $6.50 Price $13.63 6.50 Discount 20.19% Premium 1.7% Value $136,557,000 $117,645,450…
NEWS IN BRIEF (December 12, 1994)
Mark V Petroleums & Mines (MRV:VSE) has changed its name to TLC Ventures on a 1-new-for-3-old-share basis.
ANC favors state ownership of mineral rights
South African President Nelson Mandela’s ruling African National Congress (ANC) has called for state ownership to replace private control of the country’s mineral rights. South Africa is currently the…
STOCK MARKETS — Lower gold price helps drag down TSE
A sagging gold price helped drag the TSE lower over the 5-day report period ended Dec. 6. The composite 300 index dropped 24.28 points to close at 4,079.44. The gold and precious metals sub-group lost…
STOCK MARKETS — Composite index continues downward slide
The Vancouver Stock Exchange composite and resource indexes continued their downslide for the report period ended Dec.6. The former fell 17.64 points to close at 737.84, while the latter finished at 1…
Gibraltar options Chilean copper project
An exploration program is planned for the Fortuna de Cobre copper project in Chile, Gibraltar Mines (TSE) reports. Gibraltar’s wholly owned subsidiary, Compania Minera Gibraltar, has signed a letter o…
Ecuadorian still drilling at Gaby
Diamond drilling continues to evaluate the Gaby gold porphyry deposit near Guayaquil, Ecuador. Ecuadorian Minerals (TSE) can earn a 35% interest in any oxide deposit identified in the Muyuyacu concess…
Global diamond conference set for March in Australia
Plans are in the works for World Diamond Conference 1995, to take place March 17-18 in Perth, Australia. The conference will be linked with Western Australia’s Mining Week that month, and will commenc…
Teck acquiring stake in Mexican gold mine
Toronto-listed Teck is acquiring a half interest in a privately owned British Columbian company with a gold mine in Mexico. The major is acquiring 1.5 million shares of Miral Gold for a purchase price…
Placer to option Breakwater’s East Amphi gold project
Toronto-listed Placer Dome can earn up to a 60% interest in Breakwater Resources’ (TSE) East Amphi gold project near Malartic, Que. Breakwater has defined a drill-indicated mineral inventory of 866,18…
Sherritt concludes Cuban nickel deal
Metal refiner Sherritt (TSE) and Cuban state-owned General Nickel Co. have entered into a 50-50 joint venture to mine, refine and market cobalt and nickel. Cuba has granted the joint venture mining co…