Correction (November 07, 1994)
All of Pangea Goldfields’ (TSE) Tanzanian gold projects are either wholly owned or optioned from local companies. Production from the properties is subject to a 3% net smelter return royalty payable t…
News
Kidd Creek extension sought
Junior McChip Resources (TSE) intends to explore 37 unpatented claims in northeastern Ontario’s Reid Twp. An independent report states the property is in an area which could potentially host an extens…
GOLD FUNDS (November 07, 1994)
BGR Central Net Value $18.31 $6.74 Price $14.88 $6.875 Premium 2% Discount 18.76% Value $148,595,000 $124,432,688…
Major Gen. hits massive sulphides
The first hole of a drilling program at the Rendell-Jackman project in Newfoundland intersected 38 metres of zinc-lead-copper massive sulphide mineralization. Major General Resources (VSE), owner of t…
Nunaoil discovers Greenland gold
Danish-based Nunaoil A.S. has struck gold on the island of Storo, in the Nuuk region of Greenland. Sampling delineated a gold-mineralized structure in Archean supracrustal rocks. The mineralized zone …
Pangea boosts stake in Musselwhite play
Toronto-listed Pangea Goldfields has opted to convert its option to earn an 80% interest in the Karl Zeemel gold property near Pickle Lake, Ont., into a full 100% interest. The property consists of 15…
Fancamp explores Quebec property
Junior Fancamp Resources (VSE) has acquired a 34-claim copper property at Baie-Johan-Beetz, near Havre-St. Pierre on Quebec’s northern shore. The company is looking for large-tonnage copper mineraliza…
New calendar offered for sale in Territories
Orders are being taken for the Yellowknife Women Geoscientists 1995 Calendar. Proceeds will go to the Walter Gibbins Memorial Fund, which is used to promote earth science education in the Northwest Te…
Nickel production costs falling
Nickel production costs have fallen for three consecutive years and are set to decline further in the period 1995-1997, says British research firm Brook Hunt & Associates. In its publication Nickel In…
Giant mine trial under way
In Yellowknife, N.W.T., the trial has begun into the deaths of nine men at the Giant gold mine in September, 1992, following a bomb blast. Charged with nine counts of first-degree murder is Roger Warr…
Ontario symposium scheduled
Registrations are being accepted for the 17th annual Mines and Mineral Symposium of the Ontario Ministry of Northern Development and Mines (MNDM) scheduled for Dec. 5-8 in the Macdonald Block at Queen…
Jonpol options Mali concession
Toronto-listed Jonpol Explorations can earn a half interest in International Tournigan’s (VSE) gold property in Mali, West Africa. Tournigan completed soil and rock chip sampling in 1994 and obtained …