EDITORIAL PAGE — Minesite exploration pays off
Grassroots exploration is on the decline in most parts of Canada, and one of the main reasons for this disturbing trend is that companies are not certain they will be able to mine what they find. We a…
News
Gregor to drill Hemlo area bet
An 8-week drill program will begin shortly on Gregor Goldfields’ (CDN) gold property near Hemlo, Ont. This program will test two targets — the South Lake and North Hill areas — which are about 1,600…
American active at San Gregorio
With development permits in hand, American Resource (USOTC) is proceeding with engineering work on its San Gregorio gold project in Uruguay. The contract will entail fine-tuning the open-pit plan, dev…
DIAMOND SPECIAL — Brazil, Guyana and Venezuela — Southern
Diamonds were first discovered in Brazil in 1725, and the Latin American country soon replaced India as the most important global source of diamonds. Brazil remained the primary diamond source until t…
Waddy Lake encouraged by bulk sample results
Toronto-listed Waddy Lake Resources has completed test mining and milling programs to determine the continuity and consistency of mineralization at its Komis gold deposit in northern Saskatchewan. The…
DIAMOND SPECIAL — Assessing the value of an exploration
Attempts to value exploration properties prior to the actual discovery of a mineral deposit are highly subjective exercises. The foremost problem is to assess the probability that a particular area do…
Strong physical demand for metals continues
Base metal markets continued their upward thrust in September as investors bought and bought, ignoring any simultaneous rise in inventories on the London Metal Exchange (LME). Strong physical demand r…
NEWS IN BRIEF (September 26, 1994)
New Aegis Resources (NAS:VSE) and Nucore Resources (NCR:VSE) have amalgamated to form Norcan Resources (NRE:VSE). New Aegis shareholders will receive one new share for 1.3 old shares; Nucore sharehold…
World Wide expands zone at Easter Project
The latest assay results from World Wide Minerals’ (TSE) Easter Project in Nevada show that continuity and gold grades are significantly better than those encountered during the previous program. In a…
La Fortuna reserve for San Fernando
Following a review of an in-house resource estimate for the Fortuna property in Mexico’s Durango state, consultant Kilborn Engineering has calculated a new drill-indicated resource. The deposit is now…
NO HEADLINE (September 26, 1994)
enver-based USMX (NASDAQ) says its reserve and resource inventory now exceeds 1.1 million oz. gold and 238,000 tons copper. The new estimates, which are based on a US$375-400 per oz. gold and US$1 per…
American Bullion drilling continues at Red Chris
A 60-hole program at the Red Chris porphyry copper-gold project, 10 km east of Iskut, B.C., is half-finished. American Bullion Minerals (VSE) holds an 80% interest while Teck (TSE) retains 20% (half o…