Correction (September 05, 1994)
Junior Altai Resources (TSE) is earning a 60% interest in Peru’s La Brena copper-gold property, where mineralization with a surface expression of 1,500 by 300 metres has been exposed. An earlier descr…
News
Rayrock explores areas with affiliates
A subsidiary of Rayrock Yellowknife Mines (TSE) has signed an agreement concerning a joint venture on part of the Gold Bar claim block, owned by Atlas (NYSE). Rayrock can earn a 60% undivided interest…
Sudbury Contact strikes more gold at Victoria Creek
Toronto-listed Sudbury Contact has intersected additional gold mineralization at the Victoria Creek project in northeastern Ontario. Hole 25 hit 0.35 oz. gold per ton over 19.5 ft. associated with a h…
Nugget Pond gets green light
Development is proceeding at the the Nugget Pond gold project near Baie Verte, Nfld. Noveder (ME) of Rouyn-Noranda, Que., which hopes to have the project ready for production in early 1995, has obtain…
Seawest options Glen Auden ground
Field crews of Seawest Resources (VSE) are exploring an 89-claim property in northeastern Ontario’s Moody Twp. Seawest can acquire a 60% interest from owner Glen Auden Resources (CDN). Previous drilli…
Glen Auden drills Casa Berardi play
Junior Glen Auden Resources (CDN) is planning a drill program on a 142-claim property near Casa Berardi, Que., optioned from Noranda (TSE) and Hemlo Gold Mines (TSE). A series of holes, spaced at 50-1…
Asarco bids for Russian gold mine
A joint-venture company 25%-owned by Asarco (NYSE), Kamgold, has won a bid to develop a gold mine 50 miles west of Milkova on the Kamchatka Peninsula in northeastern Russia. By mid-1995, the company e…
NEWS IN BRIEF (September 05, 1994)
Golden Rainbow Resources (GRW:VSE) has changed its name to First Silver Reserve (FSR:VSE) on a share-for-share basis.
Metallgesellschaft sells control block of Metall
The parent of Metall Mining (TSE) has sold its 50.1% interest in Metall. Metallgesellschaft AG of Germany sold its holdings for proceeds of about $458 million (40.7 million shares at $11.25 per share)…
New ownership at Geonics
A previous owner of Geonics Ltd. has re-acquired the firm. Duncan McNeill, along with a senior management team at Geonics, bought shares of the company from Swedish Geological AB, which is operated by…
PEOPLE — HOMESTAKE CANADA (September 05, 1994)
Ronald Parker appointed president and chief executive officer.
Loubel drilling Burkina Faso find
Junior Loubel Exploration (ME) is exploring two properties in Burkina Faso, West Africa. The company is completing a 10-hole, 10,000-ft. drilling program on the Tiebele gold property. The first five h…