COMMENTARY — Supporting mining in Canada
Mining has a bright future in Canada, but only if the right steps are taken to support the industry at this crucial time, says Michael Hitch, a geologist with Vancouver-based Teck. One major concern i…
News
Canarc outlines gold anomalies in Suriname
Three large gold soil anomalies have been found on the Kaka grid at Canarc Resources’ (TSE) Sara Kreek property in Suriname. The grid covers 11% of the 22,500-hectare property, which was the second-la…
NEWS IN BRIEF (November 07, 1994)
Pentland Firth Holdings (PFO:ASE) has changed its name to Pentland Firth Ventures (PFO:ASE) on a share-for-share basis.
METALS COMMENTARY — Strong demand boosts metal prices
Volatile metal prices have romped upwards over the past few weeks, spurred by strong demand and ever more price speculation. While long-term metals consumption remains positive, some retrenchment in p…
Jonpol options Mali concession
Toronto-listed Jonpol Explorations can earn a half interest in International Tournigan’s (VSE) gold property in Mali, West Africa. Tournigan completed soil and rock chip sampling in 1994 and obtained …
Correction (November 07, 1994)
All of Pangea Goldfields’ (TSE) Tanzanian gold projects are either wholly owned or optioned from local companies. Production from the properties is subject to a 3% net smelter return royalty payable t…
Minorca plans private placement
Proceeds from a private placement, planned by Minorca Resources (VSE), will finance exploration of properties in Mexico and Quebec. The placement involves 750,000 units, each of which will consist of …
Drilling expands Choco 6 tonnage
A second phase of drilling has further defined the Choco 6 property in Venezuela’s El Callao district. Gold Vessel Resources (VSE), which is earning a half interest from a private Venezuelan company, …
Zamora exploring in Ecuador
A preliminary program of trenching, sampling and airborne geophysics is under way on two concessions in the Nambija gold district of southern Ecuador. Mina Real and Campanilla are two of 30 concession…
Two new mines on track for Greenstone
In addition to its Oronorte mine, now producing in Colombia, Greenstone Resources (TSE) expects to have another two Latin American gold mines up and running by year-end. Indeed, the first gold has alr…
Major Gen. hits massive sulphides
The first hole of a drilling program at the Rendell-Jackman project in Newfoundland intersected 38 metres of zinc-lead-copper massive sulphide mineralization. Major General Resources (VSE), owner of t…
GOLD FUNDS (November 07, 1994)
BGR Central Net Value $18.31 $6.74 Price $14.88 $6.875 Premium 2% Discount 18.76% Value $148,595,000 $124,432,688…