Bre-X releases Indonesian drill results
Significant assay results have been returned from two holes on Bre-X Minerals’ (ASE) Busang gold prospect in East Kalimantan, an Indonesian province on the island of Borneo. During the recent program,…
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Exall warrants exercised by holders
Shareholders of Exall Resources (TSE) have exercised warrants to buy 979,846 shares for proceeds of $736,362. The warrants were part of a 1992 Offering Memorandum which initially provided financing fo…
LAST BUT NOT LEAST….Gregor drills Hemlo property
Near-surface gold values were intersected by Gregor Goldfields (CDN) from two holes drilled on its property in Ontario’s Hemlo camp. The two holes were drilled to test a new mineralized structure asso…
LAST BUT NOT LEAST….Icon acquires Quebec zinc play
Junior Icon Resources (ASE) has agreed to acquire a 51% interest in the Hemmingford zinc property. The property, 35 miles south of Montreal, contains several geochemical zinc anomalies and has good po…
Recovery workers continue tough job clearing rock and debris
Having completed a crosscut to reach the 6723 stope at the Macassa gold mine of Lac Minerals (TSE) west of Kirkland Lake, Ont., recovery workers are clearing the loose material that resulted from rock…
Winslow drilling yields gold values
Project partners Winslow Gold (VSE) and Northwind Ventures (VSE) have intersected an auriferous skarn zone at the Rock Creek-Dayton Camp property in southeastern British Columbia. Hole 93-DC2-8 inters…
N.W.T. diamonds show high quality: gem expert
One of many highlights of The Northern Miner’s recent tour of Lac de Gras, N.W.T., was a videotaped commentary by John Gurney. The diamond expert was discussing the quality of diamonds being recovered…
Golden trenches for Cathedral (January 17, 1994)
Thirty trenches have been completed across the Hicks shear zone on the Kaburi-Eldorado property in Guyana. Cathedral Gold (TSE) is earning up to a 90% interest and reports that, on average, the trench…
NEWS ROUNDUP — FMC writes down Beartrack
FMC Gold (NYSE) has written down the book value of the Beartrack gold project in Idaho. The gold producer recorded a 1993 fourth-quarter charge of about US$60 million, which includes an asset writedow…
PEOPLE — GIANT BAY RESOURCES
Lee Tiong-Hock appointed director.
Caribgold commences work on pair of Cuban projects
Exploration and sampling are under way on Caribgold Resources’ (CDN) Santa Clara and Sierra Maestra properties in Cuba. Numerous samples from various showings are being processed and a drill program t…
Final feasibility for Fachinal expected by May
By May, Coeur d’Alene Mines (NYSE) expects to have a final feasibility study in hand for its Fachinal gold-silver project in southern Chile. The company bought Fachinal and six other Chilean precious …