Gregor drills Hemlo 1-zone
Junior Gregor Goldfields (CDN) has drilled three holes at 100-ft. spacings on its property in Ontario’s Hemlo camp. The drilling, which was intended to test what is known as the 1-zone, resulted in 0….
News
Black cat proves lucky for Antares
Toronto-listed Antares Mining & Exploration has identified a new gold zone, known as the Black Cat, at its Lady Lina property in Zimbabwe. The zone was encountered in drill holes on the 180- and 520-m…
Asbestos report is challenged
A group of researchers at Simon Fraser University in Burnaby, B.C., is challenging a U.S. report which downplays the human death toll from low-level exposure to asbestos. In the American Journal of In…
Conwest buys Jascan shares
Toronto-based Conwest Exploration (TSE) has acquired about 3 million shares of Jascan Resources (TSE), raising to 30% its interest in the Toronto-based junior. The units, representing 16.1% of Jascan’…
EXPLORATION ’94 — Summer startup planned for Louvicourt
The Louvicourt deposit near Val d’Or, Que., is gearing up for production this summer. Processing of the copper-zinc-gold ore in the concentrator is scheduled to begin in July. The commercial productio…
Golden Rule completes placement
Golden Rule Resources (TSE) has completed a private placement of 2.5 million shares at $2.12 each. It will advance to Waddy Lake Resources (TSE) up to $4 million from the $5.3-million placement. Waddy…
EXPLORATION ’94 — Audrey nearing completion of 1100 lens
A feasibility study on the 1100 Lens zinc-copper-silver-gold project of Audrey Resources (TSE) near Rouyn-Noranda, Que., is expected to be completed by the end of March. Under consideration is product…
Correction (March 07, 1994)
The grade of the geologically inferred reserves (T.N.M., Feb. 14/94) at the Sawyer gold project in North Carolina of Minefinders (VSE) is 0.05 oz. gold per ton.
Black Hawk funding (March 07, 1994)
A private placement of special warrants valued at $4.6 million has been completed by Black Hawk Mining (TSE). The warrants were sold for $1 each and entitle the holder to receive one Black Hawk unit f…
Baja Gold lands Ecuadorean gold property
An agreement with the industrial arm of the Ecuadorean military enables Baja Gold (TSE) to explore and develop the Pijili property in southern Ecuador. Mineralized veins have been identified on surfac…
Great Lakes works Lluvia de Oro
A drilling and trenching program has ended at the Lluvia de Oro project in northwestern Mexico. As part of an option agreement, Great Lakes Minerals (TSE) drilled 14 holes totaling more than 4,700 ft….
Teck boosts stake in Cominco (March 07, 1994)
Companies heavily dependent on zinc operations have not fared well in recent years, and Cominco (TSE) is no exception. The major posted a loss of $113.2 million for 1993, which follows a loss of $30.2…