Accident claims two geologists
Geologists Jeffrey Deen, 36, and Mark Burnett, 21, died on the night of July 12, when their vehicle veered off a mountain road near Cerro de Pasco, Peru. Also killed was driver Pablo Villajuan Caso, 2…
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Patrician completes financing
Alberta-listed Patrician Gold Mines has completed an initial public offering valued at $1.6 million. The financing consists of 1.6 million units, with each unit consisting of one common share and a co…
Cambiex to drill Cambior properties
Montreal-listed Cambiex Exploration has discovered a new gold-bearing quartz vein on the Annie Laurie property in Utah. This brings to five the number of gold-bearing veins found on the property. The …
Gundy addressing CIM luncheon
The president of Advanced Material Resources (AMR) will speak at the Sept. 14 luncheon of the Mineral Economics Society (Western section) of the Canadian Institute of Mining, Metallurgy and Petroleum….
NEWS ROUNDUP — Dynacor plans drilling program
A private placement of shares has allowed Mines Dynacor (ME) to raise $50,000 to undertake a small surface drilling program at its Siscoe gold project near Val d’Or, Que. The company, which changed it…
NEWS ROUNDUP — Repadre funds Fairmile play
Additional exploration of the Buffalo Valley gold property in Nevada will be funded through a royalty and financing agreement with Repadre Capital (TSE). Fairmile Acquisitions (ASE), which can acquire…
NEWS ROUNDUP — Caretech drilling Thunder Lake W.
Results from five holes drilled at the Thunder Lake West project near Dryden, Ont., continue to provide encouragement for Continental Caretech (CDN). Holes TL-88 and TL-89 intersected the down-plunge …
Stronger gold price recorded in first half
The first half of 1994 was a period of consolidation in the international gold market, in which players adjusted to a higher price range, according to Gold 1994 — Update I, compiled by Gold Fields Mi…
Bonus plans favored by U.S. metal mines
Metal mines in the U.S. outpaced coal mines in 1993 in incentive bonus plan implementation, according to a compensation survey by Mining Cost Service of Spokane, Wash. Incentive bonus plan utilization…
Cameco plant sets safety record
The Port Hope, Ont., conversion operation belonging to uranium producer Cameco reached a safety milestone on Sept. 2 by recording one year without a lost-time accident. A lost-time injury is one in wh…
Willoughby results shine for Gold Giant, Camnor
Drilling on the Willoughby property east of Stewart, B.C., is returning gold values for Gold Giant Minerals (VSE) and Camnor Resources (VSE) Camnor is earning a half interest from Gold Giant by spendi…
STOCK MARKETS — Surging gold sector fails to ignite TSE
Despite a strong performance in the gold sector, the Toronto Stock Exchange could manage only a meagre gain during the report period ended Sept. 6. The composite 300 index edged upwards by 13.46 point…