BMR to acquire control of Bullion gold project
Vancouver-based BMR Gold (TSE) has an option to buy all the shares of Bullion Mines, a private company in Delaware. Bullion holds certain mineral and operating rights to the Bullion gold project in th…
News
Corrections (October 10, 1994)
A report on diamond exploration in the Prairies (T.N.M., Sept. 26/94) incorrectly stated that Shaun Spelliscy presides over the company Indicator Exploration. Indicator’s president is John Lee. The co…
Rio Narcea uncovers new zone
Toronto-listed junior Rio Narcea has found a new zone of gold mineralization at its property in northern Spain. The new zone, known as the Boinas West, lies between the Boinas and El Valle deposits an…
Reserves on rise at Sleeping Giant
Deep exploration and definition drilling have led to a substantial increase in minable reserves at the Sleeping Giant gold mine, 80 km from Amos, Que. That’s good news for Cambior (TSE), which spent $…
PEOPLE — HBM&S
Peter Jones appointed president and chief executive officer.
STOCK MARKETS — Camsell Lake kimberlite prompts buying
A selloff on major eastern markets, coupled with gold’s failure to move through the US$400-per-oz. level, provided little incentive for buyers on western markets. Both the Vancouver Stock Exchange res…
Ore being hauled at Mt. Hamilton
A fleet of trucks is busy hauling ore at the Mt. Hamilton gold mine near Ely, Nev., only three months after Rea Gold (TSE) started construction. Rea secured an option on the property in December, 1993…
Transgold seeks reactivation
CDN-listed Transgold Explorations and Investments (CDN) has asked the Ontario Securities Commission to remove the cease-trading order imposed on it in 1992 for failing to file financial statements. If…
Spokane Res. drilling gold-copper project
Drill results from the Spokane property, 40 km northwest of Lillooet, B.C., are providing encouragement for VSE-listed partners Spokane Resources and International Enexco. The property lies within the…
NEWS ROUNDUP — Aquaterre traces shear zone
Geological mapping and sampling on the Pilldolla property, 55 miles northwest of here, is outlining a mineralized shear zone. Aquaterre Mineral Development (VSE) acquired the property to follow up the…
NEWS ROUNDUP — Canmine drills holes at Island zone
Drill results from the Island zone on the Fer property in northern Manitoba suggest the gold-copper mineralization continues at depth. Canmine Resources (ASE) reports that a 2.9-metre section from hol…
Golden Star, Cambior explore Yaou project
In French Guiana, Golden Star Resources (TSE) and Cambior (TSE) are evaluating their jointly held Yaou gold project. The partners acquired the 150-sq.-km concession three months ago from BHP and Burea…