Sudbury Contact intersects gold
Exploration in Canada is both a strange and exciting business. Proof of this statement can be seen from the results of a program released by Sudbury Contact Mines (TSE) on property north of Kirkland L…
News
Chase option deal on T’Boli property
Under an option agreement, Chase Resource (TSE) can acquire an interest in the T’Boli gold exploration project on the Philippine island of Mindanao. Chase can acquire up to a 75% interest in Lemura Mi…
FACTS & FIGURES — New Mexico’s Mogollon district site of
The Mogollon mining district in southwestern New Mexico is one of those mining areas that always seems to be on the verge of a rebirth. Between 1885 and 1944, the district produced 2.1 million tons of…
New Teddy Bear program under way
Drills are turning on ground 1 km west of the Lightning zone in northeastern Ontario. The property is 40%-owned by Teddy Bear Valley Mines (CDN), 36% by Hemlo Gold Mines (TSE) and 24% by Freewest Reso…
STOCK MARKETS — Seniors seem indifferent to gold’s strength
Gold bullion closed strongly again this week, rising to US$377.15 per oz. Most of the senior gold shares, however, responded weakly. The exception was Franco Nevada. It gained $4.25 to close at $93 by…
FINANCING (December 13, 1993)
Euro-Nevada Mining — 1.1 million units consisting of sh and purchase wt @ $38 per unit. Equinox Resources — 3 million shs to be issued upon exercise of 3 million special wts. Each unit consists of o…
Redfern winds down Tulsequah Chief drilling in B.C.
Drilling at the Tulsequah Chief and Big Bull projects in northwestern British Columbia has finished for the year. The result, says Redfern Resources (TSE), is that the potential of Big Bull has been c…
Inventory levels dog metals markets
Metal markets, though bloated with high production and inventories, continue to draw encouragement from consumption figures. Announcements of cutbacks and increased consumption are welcome but are not…
MSV reserves
Reserves at the Portage and Copper Range mines at Chibougamau, Que., have doubled. MSV Resources (ME), which acquired the properties some nine months ago, reported minable reserves (as of Nov. 30) of …
Positive feasibility study at Geomaque’s Mexican play
Junior Geomaque Explorations (CDN) has received a positive feasibility study on its San Francisco heap-leach gold project in northwestern Mexico. The study, based on more than 98,000 ft. of drilling, …
NEWS ROUNDUP — Bulk sampling at Beaufor project
Encouraging results are reported from the Beaufor project, 16 miles northeast of Val d’Or, Que. Aurizon Mines (TSE) and Louvem Mines (TSE) say a 3,650-ton bulk sample has yielded 810 oz. gold, with a …
NEWS ROUNDUP — BHP options Arizona copper bet
In Arizona, BHP Minerals International Exploration has optioned 13 state mining leases and four federal claims from MVP Capital (TSE) and Excellon Resources (VSE). The property, in the Robber’s Roost …