Orleans testing bulk sample
Mill testing is in progress on a 100-tonne bulk sample from a wollastonite property near Lac St. Jean, Que. Orleans Resources (ME) says the sample is being processed at a pilot plant operated by the C…
News
Fairmile plans Buffalo Valley drilling
An initial hole on the Buffalo Valley property in Lander Cty., Nev., has returned gold values in several narrow intersections. Fairmile Acquisitions (ASE) drilled the hole to test for deep, porphyry-g…
Chesbar trenching in Venezuela
Two high-grade sections were encountered during trenching in saprolitic material on La Salle, a gold concession in southeastern Venezuela. Operator Chesbar Resources (ME) and partner VenCan Gold (ME) …
EXPLORATION ’94 — Field geologists learn to listen for the
A product that looks somewhat like a child’s toboggan and bears the curious name “Beep Mat” is proving to be a useful prospecting tool. “It’s like having an extra set of eyes for exploring glaciated t…
NEWS ROUNDUP — Queenston issues private placement
A group of Canadian investors has negotiated a private placement in Queenston Mining (TSE). The financing consists of one million units at 80 cents each. The units consist of one share and one warrant…
EXPLORATION ’94 — Holloway decision awaited
The Holloway gold project in northeastern Ontario could be in production by late 1995 pending approval by partners Hemlo Gold Mines (TSE), Freewest Resources (TSE) and Teddy Bear Valley Mines (CDN). A…
EXPLORATION ’94 — Promoters a unique breed of people
Promoters are a unique breed of people who share a common ability to create and share a vision. Some of them can do it with an almost evangelical fervor. The undisputed star in Vancouver is Murray Pez…
Rich coastal deposits in southern Africa — Namibian Minerals
About half the world’s diamonds have come from river and coastal deposits along the west coast of South Africa and Namibia. And while virtually all of that has been produced by De Beers, the industry …
Severe winter takes toll on metals
Some first-quarter forecasters will be disappointed, particularly in the U.S. and parts of Europe. Severe winter weather across the Northern Hemisphere has slowed output and consumption of many produc…
NEWS IN BRIEF (March 07, 1994)
Mt. Kearsarge Minerals (MKMN:CDN), under new control, will abandon the resource sector for opportunities in other industries.
NEWS ROUNDUP — Tri Origin to sell 1.2 million units
Junior Tri Origin Resources (TSE) plans to sell up to 1.2 million units on a best-efforts basis. Each unit will consist of one common share and one warrant. Holders of warrants will be entitled to buy…
NEWS ROUNDUP — CSA revenues and expenses decline
Earnings and revenues for CSA Management (TSE) declined last year as a result of a non-recurring gain of $1.4 million on the sale of an investment in securities realized during 1992. CSA reported a ne…