Levelland adds to its Mexican portfolio
By acquiring a 75% interest in the Oteros project in western Chihuahua state, Levelland Energy & Resources (VSE) has involved itself in a fourth property in Mexico. The cost of the 75% interest is $8,…
News
STOCK MARKETS — Despite pressure, TSE makes gains
Despite downward pressure from rising interest rates and falling bond prices, the Toronto Stock Exchange (TSE) still managed to gain ground over our report period, ended May 31. On May 31, the Bank of…
NEWS ROUNDUP — Ican hits gold with stepout drilling
Five holes have continued to instersect a gold-bearing stockwork system at Ican Minerals’ (TSE) Almaden mine project in Idaho. Holes SW-4 and 5, drilled west of the discovery holes, intersected the sa…
STOCK MARKETS — Bullion’s strength fails to boost markets
Continued strength in gold bullion was not enough to hold up western markets over the period ended May 31. Gold held in at the US$387-per-oz. level while the Vancouver Stock Exchange resource index di…
PEOPLE — CANARC (June 06, 1994)
Cifford Davis appointed senior vice-president, finance and chief financial officer.
PEOPLE — ORACLE MINERALS
Robert Weicker appointed president and chief executive officer; Robert Buchan and Carl Zuber appointed directors.
Damoti drilling extends BIF zone
Drilling at the Damoti Lake property north of Yellowknife, N.W.T., is returning encouraging results. Hole D-50 returned a 43-ft. intersection grading 0.094 oz. gold per ton, including a 12.1-ft. secti…
NEWS ROUNDUP — Atlas cements Granges purchase
The sale of Australian-based MIM Holdings’ 37% interest in Granges (TSE) to Atlas (NYSE) is expected to proceed. Following the announcement of the sale on April 28, Granges had 30 days to locate anoth…
NEWS ROUNDUP — Starratt to buy tremolite play
Junior Starratt Nickel Mines (CDN) plans to buy the outstanding shares (together with certain royalty rights) of a private company which owns the Palmerston tremolite property in eastern Ontario. The …
Jordex feasibility
A feasibility study is being carried out on the Loma de Hierro nickel laterite project in Venezuela, Jordex Resources (TSE) reports. Test work at the minesite has been completed and the emphasis has s…
Cameco signs Kyrgyzstan deal
In a bid to diversify, Saskatchewan uranium producer Cameco (TSE) has signed a deal with the Kyrgyzstanian government to develop the Kumtor gold deposit in the eastern mountains of the former Soviet r…
Loki firming Brewery plans
With the mine feasibility study at the Brewery Creek project in the Yukon nearing completion, owner Loki Gold (VSE) is preparing an Initial Environmental Evaluation (IEE) submittal for regulators. Lok…