Madsen to mine at Red Lake
Working to return its namesake mine to production in northwestern Ontario, Madsen Gold (TSE) is planning to extract 40,000 tons of upper-level ore for gold processing in 1995. President James Morlock …
News
Noranda restructures for growth
A restructuring by Noranda (TSE) has resulted in Noranda Minerals being replaced by two new entities, Noranda Mining & Exploration (NM&E) and Noranda Metallurgy. The announcement follows a year of “st…
Summo boosts reserves
The resource estimate for the Lisbon Valley copper property in eastern Utah has doubled. mmo Minerals (VSE), which is acquiring the asset from a private owner, reports the new estimate as being 38.4 m…
GOLD FUNDS (December 26, 1994)
BGR Central Net Value $16.95 $6.48 Price $13.63 $6.75 Discount 19.60% Premium 4.2% Value $134,860,000 $117,210,038…
Boleo returns copper-cobalt values
Still more impressive copper-cobalt values are reported from a drill program at the Boleo project in Baja California Sur, Mexico. International Curator Resources (TSE), which has an option to acquire …
Custodianship of Brisas decided
Possession and control of the Brisas concession in Venezuela will remain with a subsidiary of Spokane-based Gold Reserve (TSE). The decision was made by the Supreme Court of Venezuela, which reaffirme…
DIAMOND PAGE — Russians make history with public listing of
The public listing of diamond exploration company Almazny Bereg on the Central Russian Universal Exchange marks an industry first. The company holds the development licence for the Verkhotina project …
PEOPLE — NORANDA METALLURGY
David Goldman appointed president and chief executive officer.
PEOPLE — MAR-WEST
Simon Ridgway appointed president and Richard Clark appointed director.
Murgor discovery near Chibougamou
A stripping and trenching program near Chibougamau, Que., has uncovered a significant zone of gold mineralization. The work, carried out by Murgor Resources (VSE), revealed a 100-130-ft.-wide, gold-be…
Inco options two properties in Casa Berardi camp
An option to explore two of Glen Auden Resources’ (CDN) properties in northwestern Quebec has been acquired by Inco (TSE). One property consists of 24 claims in Casa Berardi Twp., while the other comp…
NEWS IN BRIEF (December 26, 1994)
Wrightbar Mines (WRB:ME) has amalgamated with Charlim Explorations (CHO:VSE:ME) to form Lithos (LTS:ME). Wrightbar shareholders will receive one new for two old shares, and Charlim shareholders will r…