1994

NEWS ROUNDUP — Teddy completes private placement

Proceeds from a $6-million private placement will be used to help fund development of the Holloway gold project in northeastern Ontario. Teddy Bear Valley Mines (CDN) has a 15.35% interest in the proj…


NEWS ROUNDUP — Republic finds zone in Cuba

A previously unrecognized volcanic basin has been found on the Purial mineral concession in eastern Cuba. Republic Goldfields (VSE) reports that the basin measures 22 by 19 miles and hosts at least se…


NEWS ROUNDUP — Kennecott expands Trendline

The Trendline gold property in Nevada has been expanded by 1,300 acres, raising the total acreage to 3,200. Kennecott can earn a 65% interest in the property from Cathedral Gold (TSE) by spending at l…


Kavanagh to address CIM dinner

Exploration and mining developments around the world will be the topic of an address Jan. 19 at the Students’ Night dinner of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Pet…


Canarc confirms discovery

Drilling at the Polaris-Taku property in northwestern British Columbia is confirming the discovery of a new zone of gold mineralization. Owner Canarc Resources (TSE) drilled 14 surface holes from seve…


Partners advance McDonald deposit

The so-called “7-up Pete” joint venture of Canyon Resources (NASDAQ) and Phelps Dodge (NYSE) has initiated the permitting process in order to bring the McDonald gold deposit into production. Situated …


New coal project for Springhill

An open-pit coal mining operation is planned for the Springhill area of Nova Scotia. Springhill Coal has drawn up plans to extract about 2.2 million tonnes during a 12-year period from 14 sites in the…



Westray helpers honored

For acts of heroism following the Westray coal mine explosion in 1992, 194 draegermen and bare-faced miners have been awarded Medals of Bravery. The explosion at the Plymouth, N.S., mine killed 26 min…


WCB benefits extended to gold miners’ estates

The Workers’ Compensation Board (WCB) in Ontario may pay compensation benefits to estates of gold miners who died of lung cancer. The original WCB policy restricted eligibility for entitlement and ben…


Pangea advances gold projects

Exploration efforts on Pangea Goldfields’ (TSE) Tanzanian gold projects continue to yield encouraging results. The company has completed 3,700 metres of reverse-circulation (RC) drilling and 1,000 met…



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