BHP drills Cabre property
Project operator BHP Minerals Canada reports receiving results from four additional holes drilled at Southern Africa Minerals’ (ASE) Caber base metal property in northwestern Quebec. TAbout 35 km sout…
News
Sentinels award winners announced
To be eligible for the eight Sentinels of Safety awards, a mine in the U.S. must have accrued at least 30,000 injury-free hours in a given year. Far exceeding that total in 1993 was the Cyprus Sierrit…
Eldorado active at new Mexican gold project
With one gold mine in Mexico up and running, Eldorado (TSE) is turning its attention to another gold project in that country. Earlier this year, the company opened La Colorada. Situated in Sonora stat…
GOLD FUNDS (August 15, 1994)
BGR Central Net Value $17.36 $6.68 Price $15.75 $7.250 Premium 8.5% Discount 9.28 Value $141,055,000 $131,219,925 \…
NEWS IN BRIEF (August 15, 1994)
Leader Mining Corporation (LMC:ASE) has changed its name to Leader Mining International Inc. (LMN:ASE) on a 1-new-sh-for-5-old-shs basis.
AMERICAS — New deposits fundamental to Falconbridge growth
Armed with a pile of cash from one of Canada’s largest corporate stock offerings, Falconbridge (TSE) can now proceed with two major base metal deposits which should fuel the company’s growth well into…
AMERICAS — NEWS IN BRIEF
Nautilus Resources (NUT:VSE) has changed its name to New Leather on a 1-new-for-3-old-share basis.
AMERICAS — Royal Oak puts exploration focus on Porcupine
The Porcupine camp in northern Ontario will eat up the lion’s share of the 1994 exploration budget of Royal Oak Mines (TSE). Of the $6 million that is earmarked for exploration, almost $4 million will…
Montanore drops property option
Noranda Minerals, a U.S. subsidiary of Noranda (TSE), reports that an option held by Montanore Reserves to reacquire a 45% interest in the Montanore silver-copper project expired July 29. As a result,…
Camnor drilling provides encouragement at Willoughby
Drilling by Camnor Resources (VSE) is off to a promising start at the Willoughby gold property 26 km east of Stewart, in northwestern British Columbia. The first hole of this year’s program intersecte…
AMERICAS — SNC-Lavalin buys interest in ByR
Montreal-based SNC-Lavalin recently signed a purchase agreement for 50% of the ByR Ingenieria y Construccion S.A. of Santiago, Chile. ByR is an engineering-construction company with expertise in minin…
AMERICAS — Bolivia courts foreign mining investment
As increasing numbers of companies join the exodus to South America, opportunities to obtain properties with high mineral potential are decreasing quickly. This development is particularly true of cou…