NEWS ROUNDUP — Dakota drills Gilt Edge mine
Reverse-circulation drilling has wound down on Dakota Mining’s (TSE) Gilt Edge gold mine near Deadwood, S.D. The 9,475-ft. program was aimed at extending the Anchor Hill orebody. As of December, 1993,…
News
Cream Minerals starts anew
With a one-for-five roll-back now behind it, Cream Minerals (VSE), formerly known as Cream Silver Mines, is ready to start anew. The company recently arranged a private placement of 400,000 units at 3…
Drilling under way on Grizzly zone
Further drill-testing of the Grizzly zone is in progress at the Golden Bear mine property in northwestern British Columbia. Owner North American Metals (VSE) plans to drill 4,200 metres in a 31-hole p…
Gencor, Lonrho make CIS plans
South African mining house Gencor and British-based mining group Lonrho are setting up a joint company to develop gold mines in the former Soviet Union. The new company will be equally owned and will …
NEWS IN BRIEF (January 16, 1995)
Cream Silver Mines (CEM:VSE) has changed its name to Cream Minerals (CMA:VSE) on a 1-new-for-5-old-share basis.
Waddy Lake finds consistency at Komis
Toronto-listed Waddy Lake Resources has released preliminary results from 19 holes drilled on its Komis gold deposit in northern Saskatchewan. The program was initiated in the hope of doubling minable…
Diabex, Placer intersect gold
Drill results from the Desjardins gold property, near Lebel-sur-Quevillon, Que., are providing encouragement to Diabex Resources (ME). The drilling was carried out by Placer Dome (TSE), owner of the p…
Metal Prices — FREE MARKET (January 16, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 10 Jan. 9 Jan. 6 Jan. 5 Jan. 4 Copper 3037-3038 3002-3003 2984-2985 2942-2944 2895-2896 Lead 665.50-666.50 663-664 654-655 648-649 …
Wayside makes drilling plans
The Wayside property near Gold Bridge in southern British Columbia will soon undergo diamond drilling. International Wayside Gold Mines (VSE) will carry out a 2,500-ft. program in an effort to test th…
Equity Silver payout far from a sure thing
Potential changes to tax rules decrease the likelihood of an eventual cash payout to shareholders of Equity Silver Mines (TSE). The company shipped the last load of concentrate from its silver mine ne…
Geologists find gold traces on Queen’s Scottish estate
According to a press report from England, geologists say gold has been found at Queen Elizabeth’s Scottish residence. Apparently traces of gold were discovered in granite outcrops and river beds in se…
Carissa advances Wyoming property
Based on encouraging assay results from last summer’s program, Carissa Mining (VSE) will proceed with the next phase of drilling on the Carrisa mine property in Wyoming. The new program is estimated t…