Oasis completes offering of units
A $600,000 private placement has attracted 40 subscribers, Consolidated Oasis Resources (ME) reports. The offering consisted of 600 units at $1,000 each; the units are composed of 2,125 flow-through s…
News
La Colorada up and running
The heapleach sprinklers have been turned on at La Colorada, a gold mine near Hermosillo, Mexico. Eldorado (TSE) is earning a 70% interest from Minera Sotula S.A. de C.V. by placing the project in pro…
Dakoro venture producing gold from Bolivian placers
The Dakoro joint venture is now producing gold from one of its six properties in Bolivia. Dakota Resources (ASE) owns a half interest in the venture through wholly owned subsidiary SGS Resources. Prod…
1993 A LOOK BACK — New mine production comes on-stream in
Several mines were either placed in production or reopened in 1993 by Canadian companies, both at home and abroad. Gold was the metal of choice and Ontario and Quebec experienced the most activity. Th…
NEWS ROUNDUP — Altai studies Tassawini project
Junior Altai Resources (TSE) will complete a final feasibility study of the Tassawini gold project in Guyana. The property is a 50-50 joint venture with Menora Resources (ME). Altai is the operator. A…
Brimstone reserve skyrockets
Additional drilling this year on the Brimstone deposit at the Crofoot-Lewis heap-leach mine in Nevada has boosted the resource estimate by more than 60%. Owner Hycroft Resources & Development (VSE), a…
NEWS ROUNDUP — Infill drilling at New World
Infill drilling by Crown Butte Resources (TSE) has added 28,000 oz. gold to underground geological reserves at the New World project in Montana. The summer program, consisting of 16 surface holes tota…
NEWS ROUNDUP — Asarco proceeding at Los Pinos
Drill results from Los Pinos, a 145-km property southeast of Lima, Peru, have prompted Asarco (NYSE) to expand road construction and test for the potential of using solvent extraction-electrowinning. …
GOLD FUNDS (January 03, 1994)
Gold Funds as of Dec. 28 BGR Central Net Value $15.78 $6.49 Price $14.25 $6.750 Premium 4% Discount 9.67% Value $88,367,000 $122,170,275…
MacArthur permits in hand
Permits for development of the MacArthur copper deposit are finally in hand for owner Arimetco International (TSE). The project is about five miles north of the companys Yerington copper mine near the…
1993 A LOOK BACK — Giant mine workers return
Union members at the Giant mine in Yellowknife, N.W.T., returned to their jobs in early December, ending a labor dispute dating back to May, 1992. Some 25 members of the Canadian Association of Smelte…
1993 A LOOK BACK — New U.S. mining royalty
Hard-rock miners in the U.S. operating on public land, including some Canadian gold producers, are facing a government-imposed royalty, but the amount was not settled in 1993. A proposal by the Clinto…