Drilling completed at Humbug play
A 90-hole, reverse-circulation drill program totalling 36,000 ft. has been completed at the Humbug gold property in Lemhi Cty., Idaho.International Gold Resources (IGR) confirms the property has a geo…
News
Miramar’s Con mine on track
Production at the Con gold mine in Yellowknife, N.W.T., is expected to meet this year’s target of 130,000 oz. plus.The underground mine, owned by Miramar Mining (TSE), cranked out 28,117 oz. in the fi…
Geomaque Explorations set to buy San Francisco gold royalty
Financing for the previously announced purchase of a 50% back-in option and a buy-back of a 3% royalty interest on the San Francisco gold property has been arranged by Geomaque Explorations (TSE).Geom…
Placer Dome increases Equity offer
Parent company Placer Dome (TSE) has raised its offer for all the shares of Equity Silver Mines (TSE) that it does not already own.The major is offering to buy the minority shares for 85 cents, up fro…
EDITORIAL PAGE — Scams in cyberspace
Those of us who are still pedestrians on the “information highway” — novices struggling to get a handle on the most basic and popular service: electronic (or “E”) mail — might be surprised to learn …
Goldbelt Resources lands two other Kazakh projects
An agreement with a Kazakh company gives Goldbelt Resources (VSE) the right to acquire a 60% interest in each of the Abyz and Progress deposits, situated 250 km east-southeast of Karaganda in central …
Correction (June 05, 1995)
A recent story (T.N.M. May 29/95) featuring Hillsborough Resources (TSE) incorrectly reported that thermal coal prices averaged $41 to $42 per ton over the past three years and that 1995 prices are ex…
Meetings (June 05, 1995)
MEETINGSJune 12, AG Armeno Mines — annual, generalJune 12, Arauco — annualJune 12, Fort Point — general, extraordinaryJune 12, Golden Dividend — annual, generalJune 12, June — annual, generalJune…
Africa faces global competition
Representatives from 28 African governments were on hand to provide information on mineral opportunities in their countries during the second annual Africa Mining Investment Symposium held recently in…
ODDS’N’SODS — The minesites of Painkiller Lake Caretaker or “Custodian”?
In the mid-1930s, I first learned about Painkiller Lake, 10 miles from Matheson, Ont. The Blue Quartz mine is adjacent to the lake and the old Coulson mine is on the opposite side, about a mile from t…
Demand strengthens for Platinum group metals
Substantial growth in demand for platinum by the auto and jewelry industries, combined with a recovery in industrial consumption, boosted demand by 11% to 4.51 million oz. in 1994, according to Platin…
GOLD FUNDS (June 05, 1995)
Gold Funds as of May 30BGRCentralNet Value$17.22$6.79Price$14.63$7.125Discount15.09%Premium4.9%Value$134,665,000$128,957,513…