Cons. Bonanza buys gold mine in Mozambique
Alberta-listed Consolidated Bonanza Metals (ASE) will buy a gold mine in Mozambique and undergo a name change. In addition to acquiring the producing Monarch gold mine near Manica, Bonanza will gain c…
News
Northern Platinum takes on Wellgreen
Junior Northern Platinum (VSE) has been granted a 1-year extension on an expenditure deadline on the Wellgreen property in the Yukon. The company now has until Nov. 30, 1995, to spend $200,000 on expl…
Commodity index continues advance
The commodity price index of The Bank of Nova Scotia advanced 3.7% in November, 1994, representing an 8% increase over the same period in 1993. Surging metal and mineral prices, together with smaller …
1994 A LOOK BACK — Metall parent sold shares
The German parent of Metall Mining (TSE) sold its 50.1% interest in the Toronto-based company, which has mining projects around the globe. Metallgeschellschaft AG, experiencing financial difficulties …
Cominco Res. options Chachacomiri
Under a joint-venture agreement, Cominco Resources International (TSE) may acquire a 60% interest in the Chachacomiri gold-silver property in Bolivia from Rio Amarillo Mining (VSE). To do so, Cominco …
1994 A LOOK BACK — Louvicourt reserves downgraded
In a surprise springtime announcement, Aur Resources (TSE) downgraded reserves at the Louvicourt base metal project northeast of Val d’Or, Que. Aur said the recalculated reserve figure (undiluted and …
1994 A LOOK BACK — U.S. Mining Law reform stalls
Reform of the 1872 Mining Law in the U.S. stalled when lawmakers abandoned congressional efforts to work out a compromise. The House of Representatives and the Senate approved different mining reform …
JAG strikes gold in Temiscaming
A vein structure bearing high-grade gold has been identified on JAG Mines’ (ME) Belleterre property northeast of Temiscaming, Que. Situated 400 metres south of the Aubelle No.1 vein, within Guillet Tw…
1994: A LOOK BACK — Gold upstaged by base metals in 1994
At the start of 1994, the price of gold seemed likely to reach the US$400-per-oz. benchmark, while many producers of base metals were either reporting losses or, at best, struggling to break even. At …
Golden Chief probes California prospect
Preliminary exploration is under way on the Globe Canyon gold property in San Bernardino Cty., Calif. Having completed soil and rock sampling, Golden Chief Resources (VSE) will carry out geophysical s…
TVX, Gold Reserve settle dispute
A binding settlement has been reached between subsidiaries of Gold Reserve (TSE) and TVX Gold (TSE) concerning the Brisas concession in the Kilometre 88 region of southeastern Venezuela. The TVX subsi…
Metallica drills Cuyuni concessions; NEWS IN BRIEF
European Ventures (EPV:VSE) has changed its name to Cugold Ventures (CVN:VSE) on a 1-new-for-4-old-share basis.