News


Jonpol options Mali concession

Toronto-listed Jonpol Explorations can earn a half interest in International Tournigan’s (VSE) gold property in Mali, West Africa. Tournigan completed soil and rock chip sampling in 1994 and obtained …


Correction (November 07, 1994)

All of Pangea Goldfields’ (TSE) Tanzanian gold projects are either wholly owned or optioned from local companies. Production from the properties is subject to a 3% net smelter return royalty payable t…


Minorca plans private placement

Proceeds from a private placement, planned by Minorca Resources (VSE), will finance exploration of properties in Mexico and Quebec. The placement involves 750,000 units, each of which will consist of …


Drilling expands Choco 6 tonnage

A second phase of drilling has further defined the Choco 6 property in Venezuela’s El Callao district. Gold Vessel Resources (VSE), which is earning a half interest from a private Venezuelan company, …


Zamora exploring in Ecuador

A preliminary program of trenching, sampling and airborne geophysics is under way on two concessions in the Nambija gold district of southern Ecuador. Mina Real and Campanilla are two of 30 concession…


Two new mines on track for Greenstone

In addition to its Oronorte mine, now producing in Colombia, Greenstone Resources (TSE) expects to have another two Latin American gold mines up and running by year-end. Indeed, the first gold has alr…


Major Gen. hits massive sulphides

The first hole of a drilling program at the Rendell-Jackman project in Newfoundland intersected 38 metres of zinc-lead-copper massive sulphide mineralization. Major General Resources (VSE), owner of t…


GOLD FUNDS (November 07, 1994)

BGR Central Net Value $18.31 $6.74 Price $14.88 $6.875 Premium 2% Discount 18.76% Value $148,595,000 $124,432,688…


Spot prices at a glance (November 07, 1994)

Week’s Price (US) Change Gold* $383.85 – $4.95 Silver* $5.28 – $0.03 Platinum* $418.00 – $2.70 Nickel** $3.39 + $0.13 Lead** $0.30 $0.00 Copper $1.23 + $0.03 Zinc $0.52 + $0.02 Courtesy of Scotiabank….


NEWS ROUNDUP — Tenajon, Westmin drilling S.B.

Underground diamond drilling is under way at the S.B. gold property near Stewart, B.C. Partners Tenajon Resources (VSE) and Westmin Resources (TSE) recently completed an underground development progra…


NEWS ROUNDUP — Ecudor options McWatters mine

Montreal-listed Societe Miniere Ecudor will acquire the past-producing McWatters gold mine near Rouyn-Noranda, Que. From 1933 to 1944, the mine yielded 368,000 tons of ore averaging 0.31 oz. gold per …


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