NEWS IN BRIEF (March 21, 1994)
Pacific Northern Ventures (PNV:VSE) has changed its name to Pacific International Hardwoods on a share-for-share basis.
News
Caribgold happy with Cuban results
Toronto-based junior Caribgold Resources (TSE) is encouraged by results from initial field work on its five joint-venture properties in Cuba. Drilling is scheduled to begin soon at the Descanso-Melone…
Mexico opens up mining areas
The Mexican government opened up almost 13 million hectares of land last year in an effort to spur mineral exploration. This year, the Ministry of Energy, Mines and State Industry has already put up f…
Prime Equities options Johnson River play
Murray Pezim’s flagship, Prime Equities International (VSE), is proposing to spend at least $4 million this year to prove up a gold-rich polymetallic deposit in the Cook Inlet region of southern Alask…
Cambior to develop Peruvian copper project
Growing gold producer Cambior (TSE) plans to develop Peru’s La Granja copper project. The Val d’Or, Que.-based company, which operates the Omai gold mine in Guyana, can acquire La Granja outright by i…
METALS PRICES (March 21, 1994)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne Date Mar. 15 Mar. 14 Mar. 11 Mar. 10 Mar. 9 Lead 453-454 449.00-450.00 462.50-463.50 442.50-443.50 439-440 Zinc 929-930 930.50-93…
Northern Crown says drilling on Zapote zone confirms
Drilling on the Guadalupe gold property in western Mexico is confirming the potential of the Zapote zone. Northern Crown Mines’ (VSE) recent work has been confined to sections 4950N and 4900N and is e…
Mining day at Quevillon
A “mining day” in Lebel-sur-Quevillon, Que., is planned for April 26 as part of Quebec’s Mining Week activities. The theme of the day will be “Lebel-sur-Quevillon, the new mining camp of Abitibi.” Mor…
Canarc drilling at Guarimba property
Junior Canarc Resource (VSE) has finished an initial phase of exploration on nine properties in southeastern Venezuela. The Guarimba property is the most advanced of these and is held under option to …
Takla options more Nevada ground
Junior Takla Star (ASE) and Uranerz USA have signed a second joint-venture agreement, which will enable the former to explore an additional 10,320 acres in Nevada’s Crescent Valley. Takla can acquire …
Ramrod branches to Honduras
A letter of intent gives Consolidated Ramrod Gold (TSE) the right to acquire a 51% interest in Aurora Exploration, a Honduran company. Aurora has been exploring for precious and base metals in Hondura…
Arimetco improves reserve estimate at Masaba property
A thorough analysis of drill core from the Mesaba copper-nickel orebody in Minnesota indicates a considerable improvement in reserves. Owner Arimetco International (TSE) and a team of state engineers …