Oasis and Soquem intersect gold
Project partners Consolidated Oasis Resources (ME) and Soquem have struck gold at the Fancamp property near Chibougamau, Que. A 4.5-metre (15 ft.) intersection from Hole 23 cut 18.73 grams gold per to…
News
STOCK MARKETS — Majors’ earnings exceed their expectations
Fueled primarily by higher corporate earnings, stocks on the TSE moved up sharply to end the week. Apparently, the earnings reported by many of the major corporations have far exceeded expectations. O…
Southwestern finds three zones in Peru
Junior Southwestern Gold (VSE) has outlined three new zones on three properties in southeastern Peru. At the Tapairihua property, 140 km southwest of Cuzco, a 500-metre-long skarn zone has been outlin…
Arizona Star expands Chilean holdings
By acquiring three properties next to the Aldebaran concession in Chile, Arizona Star Resource (VSE) will have an interest in more than 32,000 acres in the country’s Maricunga district. Arizona Star i…
Sanchez contract awarded to Davy
Sanchez Mining, a wholly owned subsidiary of AZCO Mining (TSE), will construct a $40.6-million processing plant in southeastern Arizona. The contract was awarded to Davy International, which has exper…
Claude posts profit from gold and oil
In 1993, Claude Resources (TSE) earned $4.5 million, or 45 cents a share, on revenues of $29.8 million. The company operates the Seabee gold mine north of La Ronge, Sask., which produced 57,000 oz. go…
NEWS ROUNDUP — New chapter for Canada Tungsten
New York-listed Cyprus Amax intends to select a buyer for its 48.3% controlling interest in Canada Tungsten (TSE), which is active in North and South America. The decision evolved from the merger of C…
Positive study for Beta Vargas
Encouraged by a pre-feasibility study, Lyon Lake Mines (ME) is hoping to have its Beta Vargas heap-leach gold project in Costa Rica in operation by the first quarter of 1995. President Guy Hebert said…
Santa Fe resumes work on Pandora property
Drilling has resumed on Queenston Resources’ (TSE) Pandora gold property near Malarctic, Que. Operator Santa Fe Pacific Gold, a unit of Santa Fe Pacific (NYSE), says the 10,000-ft. program will test t…
OBITUARY — V.N. Harbinson
Canadian mining has lost one of its best-known and most respected promoters from the heyday years of junior mining with the passing of V. Noble Harbinson, who contributed in no small way to raising th…
Minorca, William option Guyana ground
Rouyn-Noranda, Que.-based Minorca Resources (VSE) can acquire the Whanna River gold property in northwest Guyana from Gribaker Mining. The junior is carrying out a 90-day due diligence program of pros…
Copperstone options Baja copper project
Under an agreement with Island-Arc Resources (VSE), Copperstone Resources (VSE) can acquire an 80% interest in six copper-cobalt concessions in Baja California, Mexico. Four properties are beside or i…