Bre-X continues drilling Indonesian prospects
Having rebuffed several interested majors, Bre-X Minerals (ASE) intends to continue exploring and advancing several projects in Indonesia. A key project is the Busang prospect in East Kalimantan provi…
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Challenger pursuing new acquisitions
Vancouver-listed Challenger Minerals is looking to expand its property holdings. The junior is evaluating a gold property in the Battle Mountain Trend of Nevada and several large gold projects in Burk…
Spot prices at a glance (May 09, 1994)
Week’s Price (US) Change Gold* $374.50 + $0.15 Silver* $ 5.21 + $0.04 Platinum* $396.75 + $3.95 Nickel** $ 2.53 + $0.15 Lead** $ 0.21 + $0.01 Copper $ 0.89 + $0.03 Zinc $ 0.42 + $0.01 Courtesy of Scot…
LETTERS TO THE EDITOR — Many factors involved in Eskay
The letter from Houston, B.C. (“Eskay benefits belong at home,” T.N.M., March 21/94) expressed disappointment at the decision to bypass the Houston-Equity site to treat Eskay ore. I attended the recep…
New projects for Chile joint venture
As operator of the so-called Chile joint venture, Cominco Resources International (TSE) has arranged options to buy three copper exploration properties in the northern part of that country. The compan…
LAST BUT NOT LEAST — Franz joint-ventures marble play
Two private Alberta companies and Franz Capital (ASE) have formed a joint venture to bring into production the latter’s Kingfisher marble deposit near Enderby, B.C. Kingfisher has drill-indicated rese…
Int’l Platinum shares nosedive on TSE findings
The shares of International Platinum Corp. (IPC) plunged 87 cents from its pre-halt high of $1.20 following release of the Toronto Stock Exchange’s findings from an investigation into the company’s Ar…
OBITUARY — Stanley Hoffman
One of Canada’s foremost applied exploration geochemists, Stanley Hoffman, has died in Vancouver from chronic diabetes. He was 47. A native of Montreal, Hoffman graduated in geology from McGill Univer…
Louvicourt numbers differ Teck aims to boost reserve
The three partners in the Louvicourt base metal project in northwestern Quebec do not appear to be in complete agreement as to the size of current reserves. Preliminary reserves at the project, set to…
Panamanian park shows Adrian’s environmental commitment
Adrian Resources (TSE) and its largest shareholder, Min- America, recently joined Panamanian dignitaries to inaugurate El Cope Park, situated next door to Adrian’s Petaquilla property. The dedication …
NEWS ROUNDUP — Dual sells Carmen mine to Greenstone
Vancouver-listed Dual Resources, a subsidiary of Serengeti Diamonds (VSE), is selling Sociedad Ordinarie de Minas Carmen to the Colombian-based subsidiary of Greenstone Resources (TSE). Sociedad owns …
NEWS ROUNDUP — Pegasus drops stake in Talapoosa play
The Talapoosa gold-silver project in Lyon Cty., Nev., is now wholly owned by Athena Gold (VSE) following termination of the company’s joint venture with Pegasus Gold (TSE). The termination follows the…