Kinross augments reserves in Nevada and Timmins
Having been in operation just under a year, Kinross Gold (TSE) is well on the way to becoming one of the fastest-growing gold and silver producers in North America. Spearheading the company’s efforts …
News
6.6-m Breakwater shares to be sold
Dundee Bancorp. (TSE) has notified the Ontario Securities Commission and the Toronto Stock Exchange of its intention to sell more than 6.6 million common shares of Breakwater Resources (TSE). The shar…
Oasis, Soquem drill gold property at Chibougamau
Both Consolidated Oasis Resources (ME) and Quebec Crown-owned Soquem are encouraged by results of a $200,000 exploration program on the Pontiac gold property near Chibougamau, Que. An induced polariza…
Cons. Pope raising exploration funds
Junior Consolidated Pope Valley Holdings (VSE) expects to raise $10.5 million through a special warrant financing. Goepel Shields, Yorkton Securities and First Marathon have agreed to an agency offeri…
Software designed to aid pit design (May 02, 1994)
Australia-based Whittle Programming has developed two software packages to determine the most economical shape for an open pit. The two packages. Three-D and Four-D, are also designed to help indicate…
COMMENTARY — Lake Superior iron ore marks 150th
A year-long celebration has begun, marking the 150th anniversary of the discovery of iron ore in the Lake Superior region. Transportation, construction, industry, communications, national defence and …
World Wide drilling Nevada gold property
A 15,000-ft. rotary drill program has begun on World Wide Minerals’ (TSE) Easter gold project, 110 miles northeast of Las Vegas, Nevada. The property, which adjoins a major past producer, contains a p…
Merger between Hendricks and Everdeen approved
The proposed merger of privately owned Hendricks Minerals Canada and inactive Everdeen Resources has been approved. The new company, which will retain the name “Hendricks Minerals Canada,” will trade …
Aurizon funds La Esperanza
A private placement in La Esperanza Gold Explorations gives Aurizon Mines (VSE) added exposure to Mexico. The placement includes 200,000 shares at 50 cents and represents an initial 28% interest in th…
STOCK MARKETS — Golden Unicorn tops trading on western
Selling on western markets let up somewhat over the week ended April 26, with the Vancouver Stock Exchange composite index slipping 13.67 points to 1,080.08. The resource index fared worse, posting a …
Gold and the International Monetary Fund
The International Monetary Fund (IMF) is the second-largest holder of gold in the world. From 1944 to 1978, gold was the unit of account and the central reserve asset of the international financial sy…
Canyon free to put Briggs in production
Having consulted with Congress on the proposed California Desert Wilderness Bill, Canyon Resources (NASDAQ) can now proceed with development of its Briggs gold project. It has been determined that the…