Globex discovers gold zones
Prospecting on its Lac Savard property in northwestern Quebec, Globex Mining Enterprises (TSE) has discovered two new gold zones. In the first zone, values up to 0.62 oz. gold and 6.36 oz. silver per …
News
NEWS ROUNDUP — Placer drops Stockade property
A unit of Placer Dome (TSE) has terminated a joint venture with Carlin Gold (ASE) on the junior’s Stockade Mountain gold property in eastern Oregon. Carlin President William Long said that, despite si…
Drilling continues at 1100 lens
Project partners Audrey Resources (TSE) and Metall Mining (TSE) have released the latest drilling results from the 1100 lens underground project in northwestern Quebec. Assays from seven holes totalin…
NEWS ROUNDUP — Naneco loses permit bid
The Lawrence County Board of Commissioners has refused to issue a land use permit to Minerva Explorations for a gold property in South Dakota. The Johnson Gulch property, 5 miles west of Lead, contain…
LETTER TO THE EDITOR — More on Escondida discovery
I am writing with regard to the article “Arequipa eyes Peruvian copper” (T.N.M., Nov. 29/93) and the letter to the editor “Escondida find a team effort” (T.N.M., Dec. 20/93) about the Escondida discov…
STOCK MARKETS — VSE trading in ’93 soared to all-time high
The Vancouver Stock Exchange’s record year is now official. The VSE reports trading activity reached the highest volume and value in its 86-year history. Volume in 1993 totaled 5.7 billion shares, a 4…
NEWS ROUNDUP — Hughes Lang Group merger
Three of four junior companies within the Hughes Lang Group have agreed to amalgamate and form a new company, CanGold Resources. Shareholders met Dec. 29 to vote on a proposal to amalgamate Hughes Lan…
OPINION — South American mood bullish
The mood is bullish in the South American mining industry in spite of sagging world mine development and a bleak price outlook, which will continue rampant during 1994 as a result of global economic t…
NEWS ROUNDUP — Mutual obtains African ground
In line with plans to focus increasingly on West Africa, Mutual Resources (VSE) has acquired an option to earn a 54% stake in the Sewum Tokosea gold concession in Ghana. Mutual initially paid $15,000 …
NEWS ROUNDUP — Fort MacKay drill core studied
Detailed chemical and mineralogical studies are under way on drill core from the Fort MacKay precious metal deposit in northeastern Alberta. The joint venture is owned by Toronto-listed Tintina Mines …
LAST BUT NOT LEAST….Bruneau raises $540,000
Montreal-based Bruneau Minerals (ME) has raised $540,000 through two private placements. One placement raised $450,000, of which the company plans to spend $360,000 exploring three properties in Quebe…
Tenajon, Westmin study SB results
Partners Westmin Resources (TSE) and Tenajon Resources (VSE) are reviewing results of underground drilling completed last year on the SB property, near Stewart, B.C. The program, which consisted of 85…