MSV reserves
Reserves at the Portage and Copper Range mines at Chibougamau, Que., have doubled. MSV Resources (ME), which acquired the properties some nine months ago, reported minable reserves (as of Nov. 30) of …
News
Positive feasibility study at Geomaque’s Mexican play
Junior Geomaque Explorations (CDN) has received a positive feasibility study on its San Francisco heap-leach gold project in northwestern Mexico. The study, based on more than 98,000 ft. of drilling, …
NEWS ROUNDUP — Bulk sampling at Beaufor project
Encouraging results are reported from the Beaufor project, 16 miles northeast of Val d’Or, Que. Aurizon Mines (TSE) and Louvem Mines (TSE) say a 3,650-ton bulk sample has yielded 810 oz. gold, with a …
NEWS ROUNDUP — BHP options Arizona copper bet
In Arizona, BHP Minerals International Exploration has optioned 13 state mining leases and four federal claims from MVP Capital (TSE) and Excellon Resources (VSE). The property, in the Robber’s Roost …
LAST BUT NOT LEAST — Monk acquires interest in gold play
Alberta-listed Monk Gold & Resources has acquired from DSE Resources a 27% interest in a placer gold operation in Western Argentina. Monk will acquire its stake in the Cerro Mayal project for $3.2 mil…
LAST BUT NOT LEAST — Hand-Me-Down drilling planned
A second phase of drilling is planned for the Hand-Me-Down property in Nevada’s Crescent Valley. Gold Giant Minerals (VSE) and Pan-Global Enterprises (VSE) are earning a 49% interest from Hemlo Gold M…
LAST BUT NOT LEAST — Princeton sells half of Teranov
Black Hill Minerals has bought a half interest in Teranov Mining and can buy the other half from owner Princeton Mining (TSE) on or before Dec. 1, 1994. In return for the initial half interest, Black …
U.S. companies aim to fight new 8% royalty legislation
While mining companies with U.S. interests may be investing more in offshore opportunities, they are nevertheless determined to fight legislation that would make it next to impossible for them to expl…
Nova Scotia government offers hope to ailing industry
The recently elected Liberal government of Nova Scotia intends to create “a balance point” between environmental and mining interests over the next year, said Donald Downe. Downe, natural resources mi…
Placer to sell Eskay interest
In concert with the planned combination of Stikine Resources and Prime Resources Group (TSE), Placer Dome (TSE) plans to sell its interest in British Columbia’s Eskay Creek project. Placer, which hold…
Noranda funding
Proceeds from the sale of shares in Noranda Forest will be used to fund opportunities mainly in its mining and metals group, Noranda (TSE) reports. A group of Canadian underwriters will buy 12 million…
Operating problems spell losses for Amax Gold
Continuing operating problems have pushed Amax Gold (NYSE) further into the red. With third-quarter losses of US$7.4 million, the total loss for the first nine months of the year stands at US$75.9 mil…