San Fernando drilling returns values
Drilling on the Viruela zone of gold project in the Mulatos area of northwestern Mexico has returned oxide gold and high-grade copper values. Owner San Fernando Mining (TSE) describes the Viruela as a…
News
EXPLORATION ’95 — Drilling extends mineralization — Booker
Drilling has extended the stockwork porphyry copper-gold mineralization over 250 metres at the Hearne Hill project in British Columbia to the northeast, beyond the previously defined limits. The depos…
EXPLORATION ’95 — Nugget drilling Hill End project
A drilling program is under way on Hawkins Hill at the Hill End project of Nugget Resources (ASE) in New South Wales, Australia. The junior says an east-west “fence” of holes will crosscut the line of…
EXPLORATION ’95 — Mutual broadens exposure in southwestern
Increased interest in the Manso Nkwanta district of southwestern Ghana has prompted Vancouver-based Mutual Resources (VSE) to form a strategic alliance with Leo Shield Exploration, whereby the parties…
Drilling resumes at Voisey Bay
Drilling has resumed at the Voisey Bay project in Labrador, a nickel-copper-discovery described by mining analysts as one of the most significant Canadian base metal discoveries of recent times. The d…
Willson addressing joint luncheon
The president of large gold producer Placer Dome will address the March 8 luncheon meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM). John Willson will …
EXPLORATION ’95 — Homestake options Russian project
During the course of a corporate life that spans more than a century, Homestake Mining (NYSE) has transformed itself into one of the world’s largest gold producers by building on the cornerstone of it…
EXPLORATION ’95 — Diamond study is optimistic
Brokerage firm Yorkton Securities has released its second review of the world’s diamond industry. (The first was published in 1993 in the midst of the Northwest Territories diamond rush.) The review a…
EXPLORATION ’95 — Brazilian Res. seeks gold, diamonds in
As economic reforms take hold, Brazil is becoming the focus of a new Latin American gold rush. Quick to recognize the potential for gold and diamonds in the Amazon basin, Brazilian Resources (CDN) has…
New discovery at Aldebaran
Trenching on the Aldebaran property in Chile has outlined a new zone of gold mineralization for Arizona Star Resource (VSE) and Bema Gold (TSE). The former has a 51% interest in the property while the…
GOLD FUNDS (February 27, 1995)
BGR Central Net Value $16.10 $6.53 Price $12.75 $6.375 Discount 20.81% 2.4% Value $126,058,000 $115,383,038…
METALS COMMENTARY — Bull market for metals takes breather
All is not well in metal markets. Behind the wall of strong worldwide demand, conflicts are developing as physical and financial sectors diverge. After the the latest surge in exchange worries and the…