News

The largest concentration of refined gold lies in the vault of the Federal Reserve Bank of New York (FRBNY). It is held there in safekeeping mainly for foreign monetary institutions which make extensi…

Drills are turning again on the Casino property in the southwestern Yukon. Pacific Sentinel Gold (VSE) reports that four rigs are at work and an additional two rigs will be operational shortly. Drilli…

Project partners Consolidated Oasis Resources (ME) and Soquem have struck gold at the Fancamp property near Chibougamau, Que. A 4.5-metre (15 ft.) intersection from Hole 23 cut 18.73 grams gold per to…

The Toronto Stock Exchange’s independent verification of samples taken from International Platinum’s ground in Arizona was not yet available at presstime. A TSE official said its report will be coming…

Fueled primarily by higher corporate earnings, stocks on the TSE moved up sharply to end the week. Apparently, the earnings reported by many of the major corporations have far exceeded expectations. O…

Vancouver-based Maymac Petroleum (VSE) has paid $US500,000 for the Crescent Valley placer gold mine within Nevada’s Battle Mountain Trend. The property consists of 8,500 acres and a mill capable of pr…

Junior Southwestern Gold (VSE) has outlined three new zones on three properties in southeastern Peru. At the Tapairihua property, 140 km southwest of Cuzco, a 500-metre-long skarn zone has been outlin…

A staking rush is heating up near Yellowknife, N.W.T., fueled by reports that a local prospecting syndicate intersected kimberlitic material while drilling a blind geophysical target about 25 km south…

By acquiring three properties next to the Aldebaran concession in Chile, Arizona Star Resource (VSE) will have an interest in more than 32,000 acres in the country’s Maricunga district. Arizona Star i…

Sanchez Mining, a wholly owned subsidiary of AZCO Mining (TSE), will construct a $40.6-million processing plant in southeastern Arizona. The contract was awarded to Davy International, which has exper…

In 1993, Claude Resources (TSE) earned $4.5 million, or 45 cents a share, on revenues of $29.8 million. The company operates the Seabee gold mine north of La Ronge, Sask., which produced 57,000 oz. go…

Australia-based Whittle Programming has developed two software packages to determine the most economical shape for an open pit. The two packages. Three-D and Four-D, are also designed to help indicate…