NEWS ROUNDUP — Black Hawk raises drilling funds
Junior Black Hawk Mining (TSE) has completed a private placement of 1 million flow-through common shares. Proceeds will be $600,000, some of which will finance drilling at the Redstone mine, south of …
News
Cyprus drills Noble Peak gold property
Drilling at the Southwin project in the Northwest Territories has resulted in several intersections of high-grade gold. The project, situated in the Keewatin district, is a joint venture between Cypru…
Titan secures land in Java, Indonesia
In two separate transactions, Titan Empire (CDN) has acquired eight concessions on the Indonesian island of Java. Titan recently acquired a 90% interest in the Indonesian company PT Kelsel Asri, which…
Argentine plane crash kills six
A director and an officer of American Resource (NASDAQ) were among those who died Sept. 28, when a charter plane crashed shortly after takeoff from Cordoba, Argentina. The accident claimed the lives o…
BMR to acquire control of Bullion gold project
Vancouver-based BMR Gold (TSE) has an option to buy all the shares of Bullion Mines, a private company in Delaware. Bullion holds certain mineral and operating rights to the Bullion gold project in th…
Corrections (October 10, 1994)
A report on diamond exploration in the Prairies (T.N.M., Sept. 26/94) incorrectly stated that Shaun Spelliscy presides over the company Indicator Exploration. Indicator’s president is John Lee. The co…
Rio Narcea uncovers new zone
Toronto-listed junior Rio Narcea has found a new zone of gold mineralization at its property in northern Spain. The new zone, known as the Boinas West, lies between the Boinas and El Valle deposits an…
Reserves on rise at Sleeping Giant
Deep exploration and definition drilling have led to a substantial increase in minable reserves at the Sleeping Giant gold mine, 80 km from Amos, Que. That’s good news for Cambior (TSE), which spent $…
PEOPLE — HBM&S
Peter Jones appointed president and chief executive officer.
STOCK MARKETS — Camsell Lake kimberlite prompts buying
A selloff on major eastern markets, coupled with gold’s failure to move through the US$400-per-oz. level, provided little incentive for buyers on western markets. Both the Vancouver Stock Exchange res…
Ore being hauled at Mt. Hamilton
A fleet of trucks is busy hauling ore at the Mt. Hamilton gold mine near Ely, Nev., only three months after Rea Gold (TSE) started construction. Rea secured an option on the property in December, 1993…
Transgold seeks reactivation
CDN-listed Transgold Explorations and Investments (CDN) has asked the Ontario Securities Commission to remove the cease-trading order imposed on it in 1992 for failing to file financial statements. If…