Positive study for Beta Vargas
Encouraged by a pre-feasibility study, Lyon Lake Mines (ME) is hoping to have its Beta Vargas heap-leach gold project in Costa Rica in operation by the first quarter of 1995. President Guy Hebert said…
News
Gold demand trends, worldwide
Four salient trends have emerged in the gold market. First, attitudes towards gold by the European central banks have been more positive during the past year, judging by official statements and report…
Santa Fe resumes work on Pandora property
Drilling has resumed on Queenston Resources’ (TSE) Pandora gold property near Malarctic, Que. Operator Santa Fe Pacific Gold, a unit of Santa Fe Pacific (NYSE), says the 10,000-ft. program will test t…
Noranda files $500m of debt securities
Noranda (TSE) has filed a preliminary, short-form, shelf prospectus with the Ontario Securities Comission. The prospectus will allow the major to file up to US$500 million worth of debt securities for…
Environmental concerns raised about two Noranda projects
Environmental concerns about two mining projects in the U.S. were raised at the annual meeting of Noranda (TSE) in Toronto. In Montana, Noranda affiliate Hemlo Gold Mines, through 60%-owned Crown Butt…
World uranium output downin ’93, though Canada stable
World uranium production declined by almost 8% during 1993, to 85.3 million lb. equivalent U308. While production in most countries remained relatively stable, major decreases were recorded by the Cze…
INSIDER TRADING — Starmin directors exercise options
Two directors of Starmin Mining (TSE) exercised options and sold shares in February. According to the Ontario Securities Commission’s OSC Bulletin, director Richard Brissenden exercised 50,000 options…
AG Armeno drilling San Bartolome
Surface drilling is under way on the San Bartolome mine property in Ecuador. Ag Armeno Mines & Resources (VSE) plans an initial 10,000 ft. of drilling, including 25 holes to test to the west and north…
Francisco works Mexican ground
Diamond drillers have started work on El Sultan, a gold project in Zacatecas state in central Mexico. Francisco Gold (VSE) hopes to identify a Carlin-type, limestone-hosted, disseminated, oxide orebod…
Pilot leaching tests continue at Cieneguita gold property
Pilot leach tests are continuing at the Cieneguita gold property in southwest Chihuahua state, Mexico. Glamis Gold (TSE) can earn a 60% interest from Aquiline Resources (VSE) by carrying out a feasibi…
Armada intent on producing gold in Siberia
Armada Gold, an Alberta-listed company with one of the more advanced projects in Russia, continues to nudge its tailings property toward a production decision. Currently, the company is building a 400…
Golden Giant workers ratify agreement
Organized workers at the Golden Giant mine of Hemlo Gold Mines (TSE) have voted 70% in favor of accepting a first collective agreement. The agreement, covering 223 employees affiliated with the United…