Spot prices at a glance (August 29, 1994)
Week’s Price (US) Change Gold* $382.60 + $4.80 Silver* $ 5.21 + $0.08 Platinum* $411.75 – $0.60 Nickel** $ 2.66 + $0.12 Lead** $ 0.26 + $0.01 Copper $ 1.09 + $0.01 Zinc $ 0.43 $0.00 Courtesy of Scotia…
News
Drilling extends Goldstream orebody
Drilling at the Goldstream mine near Revelstoke, B.C., is extending the deposit down-plunge below the 350-metre level. Joint-venture partners Goldnev Resources (VSE) and Bethlehem Resources (TSE) repo…
LATIN AMERICA ROUNDUP — CaribGold resumes Cuban drilling
Diamond drilling has resumed on CaribGold Resources’ (TSE) Santa Clara gold project in Cuba. Three mineralized structures — San Jose, Vista Hermosa and Lote Grande — will be investigated during this…
LATIN AMERICA ROUNDUP — Altai options Peruvian property
A Peruvian subsidiary of Altai Resources (TSE) can earn a 60% interest in La Brena, a gold-copper property in southern Peru. The 3,000-hectare property hosts copper-gold mineralization with an exposed…
LATIN AMERICA ROUNDUP — Morgain plans infill drilling
Infill drilling is to begin later this year on the Cuatro Hermanos porphyry copper property in Mexico’s Sonora state. The work is scheduled to last 18 months at a cost of US$3.5 million. Morgain Miner…
Shaft deepening at Doyon approved
The shaft at the Doyon gold mine 40 km east of Rouyn-Noranda, Que., will be deepened to 1,024 metres from 654 metres. Equal Doyon partners Cambior (TSE) and Lac Minerals (TSE) have approved a feasibil…
NEWS ROUNDUP — Potential new zone at Huckleberry
Drilling on the Huckleberry property near Houston, B.C., has returned several copper intersections from a new area northwest of the Main zone deposit. Owner New Canamin Resources (VSE) drilled the are…
Adex to transfer Philippine project
Toronto-listed Adex Mining is seeking shareholder approval to transfer its interests in the Asia Pacific porphyry copper project to a new company known as Tequila Copper, which will soon begin trading…
NEWS ROUNDUP — Atna expands Yukon holdings
A polymetallic massive sulphide discovery by Cominco (TSE) has sparked increased interest in the Finlayson Lake area of southeastern Yukon. Atna Resources (TSE) recently enlarged its two claim blocks …
First cathode at Quebrada Blanca
The Quebrada Blanca mine in northern Chile has yielded its first cathode copper. Perched in the Andes at an altitude of 4,300 metres, near the Bolivian border, the mine is in the midst of completing i…
NEWS ROUNDUP — Homestead outlines DKO targets
Geological and geophysical targets have been outlined on the DKO gold property of International Homestead Resources (VSE) near Larder Lake, Ont. A program of line cutting and geophysical surveys has b…
Positive preliminary study for Petaquilla
— A preliminary feasibility study by Kilborn Engineering Pacific recommends the Petaquilla and Botija copper-gold deposits proceed to the final feasibility stage. Adrian Resources (TSE), which can ea…