Argentina Gold adds to its El Indio holdings
The acquisition of a 61% stake in Minera Rio Frio increases Argentina Gold’s (VSE) already substantial holdings in Argentina. Rio Frio holds claims comprising 45,000 hectares in San Juan province; the…
News
Cons. Nevada takes writedowns
Despite higher gold production, Consolidated Nevada Goldfields (TSE) reported a year-end loss. Three factors — lower-than-expected grades, US$5.2 million in writedowns and other expenses totaling US$…
PRODUCER PRICES (October 17, 1994)
ALUMINUM: MW U.S. market US78.5-79.5 cents per lb. (Sept. 22, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 30, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 30, 199…
Definition drilling program tests River Gold property
Encouraging results have been received by River Gold Mines (TSE) from the company’s wholly-owned Eagle River gold project 50 km west of Wawa, Ont. The drill program involves detailed definition drilli…
Abacus stakes Lake property
Junior Abacus Minerals (VSE) has staked 2,000 hectares on the Lake property near Iskut River, B.C. The company arrived at the area by following a train of mineralized boulders in talus, which led to a…
NEWS IN BRIEF (October 17, 1994)
New Rio Resources (NRR: VSE) has changed its name to Southern Rio Resources (SNZ:VSE) on a sh-for-sh basis.
TSE Short Positions (October 17, 1994)
Semi-monthly reports as of Sept 15, 1994 showed 252,996,914 shares of 872 issues compared with 277,080,927 shares of 904 issues on Aug 31, 1994. Larger individual positions included: Aber 108,040; Ade…
Pioneer Metals plans drilling, restructures
Having completed preliminary exploration of several of its British Columbia properties, Pioneer Metals (TSE) plans to forge ahead with drilling. Trenching on the Hen property has uncovered the source …
COMMENTARY — Repelling a black bear attack
Prospecting is a unique career as it requires definite survival skills. This is especially true in Canada, where prospecting stories are manifold. I was recently staking claims in Skead Twp., about 5 …
LETTERS TO THE EDITOR — Making paper as good as gold
There may be a bright side to the chronic gold sales by the “central bankrupts” and generous offerings by large central banks in the loan-lease market. Some observers feel that this has helped governm…
Global output of sulphuric acid on the increase
World production of sulphuric acid will rise to 42 million tonnes by 2005, a 49.5% increase from the 1992 level, according to a prediction by Metals Economics Group of Halifax, N.S. Environmental cons…
Canarc plans drill program for new zone at Polaris-Taku
Surface work on the Polaris-Taku property in northwestern British Columbia has identified a 5,000-ft. northerly strike extension of the property’s three main vein systems. Property owner Canarc Resour…