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 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…
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…
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.
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…
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…
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….
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…
Alberta-listed Savanna Resources has been granted an additional six prospecting permits in the Foxe fold belt of central Baffin Island. This brings its total number of permits to 10. Noranda Explorati…
A new gold zone has been intersected on the Douay North-West property near Joutel, Que. Soquem is earning a 60% interest from Societe d’exploration miniere Vior (ME) by completing a drill program. The…
Richard Osborne elected chairman; Allen Born elected vice-chairman; Douglas Yearley elected vice-chairman and chairman of the financial committee; David Eckert, J. Harvey, Werner Nennecker and Richard…
Peter Kreutzer appointed chief executive officer and Andrew Hyslop appointed chairman and director.
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