Final feasibility for Fachinal expected by May
By May, Coeur d’Alene Mines (NYSE) expects to have a final feasibility study in hand for its Fachinal gold-silver project in southern Chile. The company bought Fachinal and six other Chilean precious …
News
Valdez acquires more Mexican claims (January 17, 1994)
Minera Valdez Gold S.A. de C.V., a wholly owned subsidiary of Valdez Gold (ASE), has staked additional ground in Sonora state, Mexico. The 177-sq.-mile property, known as Marisa, adjoins the company’s…
Hall of Fame inducts nine members at gala ceremony
Nine new members were inducted into the Canadian Mining Hall of Fame at a dinner and awards ceremony at the Royal York Hotel in Toronto. About 450 people attended the sixth annual banquet. Guests incl…
Pacific Metals options Mt. McKendrick gold play
Alberta-listed Pacific Metals has reached an agreement with Habsburg Resources (VSE) to earn a 49% interest in the Mount McKendrick gold showing near Smithers, B.C. The property consists of seven clai…
NEWS ROUNDUP — Fort MacKay drill core studied
Detailed chemical and mineralogical studies are under way on drill core from the Fort MacKay precious metal deposit in northeastern Alberta. The joint venture is owned by Toronto-listed Tintina Mines …
LAST BUT NOT LEAST….Sunshine to make rights offering
New York-listed Sunshine Mining has filed a registration statement covering a rights offering to be made to its shareholders. Each right enables the holder to buy a unit consisting of two shares in th…
ODDS’N’SODS — Red Lake’s engineering `dean’
Among the many heroes of Ontario’s Red Lake mining camp is Horace Greely Young, Sr. Honored for his work in that community in the province’s northwest, Young was born in Osnaburgh, Ont., in 1881 and g…
NEWS IN BRIEF (January 10, 1994)
Parquet Resources (PQT:ME) has changed its name to Plexmar Resources (PLE:ME) on a 1-new-for-8-old-share basis.
Peat Resources announces study
Peat Resources (CDN), a company with plans for a peat fuel processing plant, says Ontario Hydro will participate in a formal review of the technical and economic aspects of Canada’s sustainable peat f…
Minera closes placement
Toronto-based Minera Rayrock (TSE) has closed its private placement of eight million special warrants at $2.50 per warrant. Proceeds of $20 million will be used partly to explore and develop the Bella…
PEOPLE — PORTAL RESOURCES (January 10, 1994)
Jason Birmingham, Glenn Garland and William Diston elected directors.
PEOPLE — ARIZONA SILVER
Gordon Bilandzija and Mario Pinto appointed directors.